Installment savings account in Korea for multicultural family 1004 nanum installment savings account

Hello. I am going to post about a kind of installment saving account. It is 1004 nanum installment saving account made by Keb Hana bank in Korea.

Then now, let me introduce this installment savings account, 1004 nanum saving account. I will post important information such as people who can have this installment saving account, interest rate, deposit method, deposit period, monthly deposit limit, etc.

The people who can have this are national basic livelihood act recipients or child head of households or North Korean defectors or single-parent family support protection target who is in lower income group or multicultural family couple or etc.

Deposit period of this 1004 nanum installment saving account is 1-year or 2-year or 3-year.

Deposit method of this 1004 nanum installment saving account is to save freely within the range 10000 won to 300000 won per a month.

This 1004 nanum installment saving account basic interest rate is 1.3% per a year(in case of the 1-year period) or 1.4% per a year(in case of the 2-year period) or 1.5% per a year(in case of the 3-year period) at April 12th, 2019.

And this 1004 nanum installment savings account additional rate is 3.0% per a year in the case that you keep this 1004 nanum installment savings account until maturity.

And if you cancel this installment savings account in the middle of deposit period in one of the special cases, you can gain your money applied by this installment saving account basic interest rate.

The special cases are house purchase, house lease, passing away, marriage, admission to a school, childbirth of yourself or your family(your spouse, lineal ascendant and descendant).

Until now I posted about 1004 nanum installment saving account made by Keb Hana bank in Korea. I hope that my posting helps you even a little. Then I will finish this posting.

And I am a non-English native speaker and, so I don’t speak English well and My English skill and is poor and I am an amateur in the economy field. So, I may wrong and miscommunicate information in my posting. Please understand this situation. Thank you for reading my posting.