Annual Expected Return Up to 6.3%
NH Nonghyup Bank announced on the 19th that it has launched an index-linked deposit product that guarantees the principal while offering an expected annual return of up to 6.3%.
This product is a one-year maturity product based on the KOSPI 200 index, with the yield determined by index fluctuations, and consists of three types of knock-out on rise. The ‘Knock-Out on Rise Type I’ offers an annual return of 2.3% to 6.3% if the maturity index rises between 0% and 25% compared to the initial index; Type II offers 2.6% to 4.8% if the maturity index rises between 0% and 20%; and Type III provides 2.6% to 4.8% if the index falls or rises between -10% and 10%.
The subscription period is from the 19th to the 27th, and customers can apply through nationwide branches, internet banking, and smart banking.
An NH Nonghyup Bank official stated, “Considering the current weakened investment sentiment, the index-linked deposit will be a suitable alternative product that guarantees the principal and offers potential additional returns.”
NH Nonghyup Bank announced on the 19th that it has launched an index-linked deposit product that guarantees the principal while offering an expected annual return of up to 6.3%.
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