Woori Bank Lowers Minimum Subscription Amount for Rotating Compound Foreign Currency Deposits to '1 Dollar'

[Asia Economy Reporter Song Seung-seop] Woori Bank announced on the 16th that it has lowered the initial subscription amount for the ‘WooriONE Rotating Compound Interest Foreign Currency Deposit’ to 1 dollar.

The original initial subscription amount for this product was 1,000 US dollars. It has been minimized to 1 dollar to lower the subscription threshold. There are no restrictions on the subscription target, and additional deposits are allowed without limits on amount or frequency. The period is at least 12 months, but the interest rate rotation cycle can be set in units of 1, 2, 3, or 6 months. In case of early termination, the contracted interest rate is paid up to the day before the set rotation cycle. If terminated after long-term deposit, additional interest is provided for each deposit amount.

A Woori Bank official said, “The WooriONE Rotating Compound Interest Foreign Currency Deposit calculates interest on a compound basis, making it popular among customers who have a high interest in dollar asset management,” and added, “The dollar’s strength is expected to continue for the time being, and with the initial subscription amount lowered, the number of subscribers is expected to keep increasing.”

This content was produced with the assistance of AI translation services.