Installment savings account in Korea for multicultural family NH huimang chaeoom installment savings account

Hello! I am going to post in this posting about NH huimang chaeoom installment savings account.

In this posting, I will post basic information mainly such as those who can have this installment savings account, basic interest rate, additional interest rate, saving limit in a month, saving method, saving period, etc.

This NH huimang chaeoom installment savings account can be available to people included in at least one of the specific groups.

The specific groups are disability allowance recipient or person with disability in lower income group, self who is in the multicultural family member, North Korean defectors who are taking government’s support, national basic livelihood act recipients, people in lower income group, people who are more than or equal to 65 years old, child head of households, earned income subsidy recipients, single-parent family support protection target, homeless, etc.

This NH huimang chaeoom installment savings account can make only 1 account for 1 person.

This NH huimang chaeoom installment savings account’s saving period range is between more than or equal to 6 months to 36 months by month. In my opinion, I prefer the 6-month or 1-year period installment savings account because as you know our life is unexpected.

And this NH huimang chaeoom installment savings account’s saving method is saving freely within between 1000 won to 500000 won in a month. And you must save at least 1000 won at a time. But, within 3 months before maturity, it is impossible to save your money exceeding the amount of money you will have saved in this account within 3 months before maturity.

This NH huimang chaeoom installment savings account’s basic interest rate is 2.7% per a year(in the case of more than or equal to 6 months) or 2.75% per a year(in the case of more than or equal to 12 months) or 2.8% per a year(in the case of more than or equal to 24 months) or 2.95% per a year(in the case of more than or equal to 36 months) at April 13, 2019.

This NH huimang chaeoom installment savings account’s additional interest rate is 1.5% per a year(in the case of fewer than 36 months) or 2.5% per a year(in the case of equal to 36 months). This additional interest rate can be given at maturity.

Then the sum of the total interest rate of NH huimang chaeoom installment savings account is 4.2% per a year(in the case of more than or equal to 6 months), 4.25% per a year(in the case of more than or equal to 12 months), 4.3% per a year(in the case of more than or equal to 24 months), 5.45% per a year(in the case of more than or equal to 36 months) at April 13, 2019.

Until now I posted about NH huimang chaeoom installment savings account in NH nonghyup 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.