NH NongHyup Bank Launches Principal-Protected ELD With Up to 10.1% Annual Return

NH NongHyup Bank said March 24 it will launch its “Equity-Linked Deposit (ELD) 26-1,” a principal-protected product that guarantees principal and a minimum contracted interest rate if held to maturity, while offering potential additional returns.

The one-year deposit is linked to the KOSPI 200 index, with returns determined by index movements. It comes in three types: Stable I, Return I and Return II.

The KOSPI 200 Stable I type offers annual returns from 2.6% to 3.10% (2.45% to 2.95% for corporate customers), depending on the underlying asset’s gain. The KOSPI 200 Return I type offers 2.4% to 5.4% (2.25% to 5.25% for corporate customers). The KOSPI 200 Return II type offers up to 10.1% annually (9.95% for corporate customers).

Subscriptions will be accepted from March 25 to April 3 through branches nationwide, as well as NH All One Bank and NH Smart Banking.

“ELDs are products that protect principal at maturity while allowing customers to seek additional returns,” said Park Hyun-ju, executive vice president for personal finance at NongHyup Bank. “We will continue to support customers in building stable assets through a range of products.”