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Free Installment Deposit
Product Overview
Free Installment Deposits allow you the freedom of setting aside your everyday cash, whenever you please, to help accumulate wealth through market floating rate.
Product Features
- Customer Eligibility : Unrestricted
- Minimum Deposit Amount : KRW 3 Million [initial opening deposit]
- Deposit Period : 6 ~ 60 months
- Interest Rate : Market floating rate - 1.8% p.a. (As of May 2009, Before Tax)
(Rate updated daily based on market rate) - Interest Payment : Maturity payment
Premature Withdrawals
- In the case of a premature withdrawal, the following penalty will be deducted from the accrued interest.
(Less than 6 months : 1% p.a. / Between 6 and 60 months: 0% )
Benefits
- Flexible returns generated by floating market rate
- Additional deposits are possible based on your convenience
- No penalty for premature withdrawals after 6 months
Act Now
If you have any enquiries about the service provided by HSBC bank, please send us e-mail or if you want consultation about products, please call us on ☎ 1588-1770.
▪ This product is eligible for the protection under the Depositor Protection Act. The Korea Deposit Insurance Corporation
protects
a maximum of KRW50mil including the principal and interest for each depositor at each financial institution in
accordance with
the Act.
▪ If real name verification is made under the name of a representing individual, the deposit will be considered as the property of
the named individual and will be treated as an individual deposit in the case of cancellation, seizure and/or any other legal
matter.
▪ Interest rate on this deposit account can vary according to fluctuations in the market and/or at the bank’s discretion.
▪ Interest rate on floating rate products will not be fixed until maturity but rather, will fluctuate when interest rate are revised
based on movements in the market.
