Nonghyup Bank Unveils Game-Changing Deposit: Principal-Guaranteed Index-Linked Savings with a Twist
News Context
At a glance
- NH Nonghyup Bank has introduced 'Index-Linked Deposit (ELD) 24-9', a 1-year maturity product that guarantees principal while offering an expected return of up to 6.3% per annum.
- The recruitment period for Index-Linked Deposit (ELD) 24-9 is until the 27th.
NH Nonghyup Bank Launches Index-Linked Deposit with Up to 6.3% Annual Return
NH Nonghyup Bank has introduced ‘Index-Linked Deposit (ELD) 24-9’, a 1-year maturity product that guarantees principal while offering an expected return of up to 6.3% per annum. This innovative product is linked to the KOSPI 200 index, providing customers with a unique investment opportunity.
Key Features of Index-Linked Deposit (ELD) 24-9
- 1-year maturity product with returns determined by index fluctuations
- Three types of ‘rising and falling’ products to cater to different investment preferences
- Guaranteed principal with potential for additional returns
Product Types and Returns
| Product Type | Annual Return | Index Fluctuation Range |
|---|---|---|
| Rising Knockout Type I | 2.3% to 6.3% | 0% to 25% compared to initial index |
| Rising Knockout Type II (Individual) | 2.6% to 4.8% | 0% to 20% compared to initial index |
| Rising Knockout Type III (Individual) | 2.6% to 4.8% | 10% to 10% compared to initial index |
The recruitment period for Index-Linked Deposit (ELD) 24-9 is until the 27th. Customers can sign up through nationwide branches, internet banking, and smart banking. According to a Nonghyup Bank official, “Index-linked deposits will be a suitable alternative product that can guarantee principal and expect additional returns, considering the current investment sentiment.”