On June 17, the bank announced the launch of the 'Index-Linked Deposit (ELD) 26-4'.
This product is structured with a one-year maturity and is based on the KOSPI 200 index, with returns determined by index performance. It is available in three types: Stability I, Return I, and Return II.
The KOSPI 200 Stability I type offers returns ranging from a minimum of 2.80% to a maximum of 3.35% annually (2.90% to 3.20% for corporations). The KOSPI 200 Return I type provides returns from 2.80% to 5.25% (2.65% to 5.10% for corporations), while the KOSPI 200 Return II type offers a maximum annual return of 7.40% (7.25% for corporations).
However, the two return types are subject to a 'knockout condition' that triggers early confirmation of the return rate if the KOSPI 200 index exceeds a specified increase before maturity. For Return I, this occurs if the index rises more than 35%, and for Return II, if it rises more than 45%, resulting in the minimum interest rate being applied.
The subscription period for this product runs from June 17 to June 24. It can be purchased at all branches nationwide, as well as through NH All-One Bank and NH Smart Banking.
A representative from NH Nonghyup Bank stated, "This product is protected up to 100 million won per person under the Depositor Protection Act," and added, "Early termination may incur fees based on the duration, which could lead to a loss of principal, so it is important to fully understand the terms before subscribing."
* This article has been translated by AI.
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