NH Nonghyup Bank Launches Principal-Protected Index-Linked Deposit No. 25-3

Returns Vary According to KOSPI 200 Index Fluctuations

NH Nonghyup Bank announced on May 22 that it will launch Index-Linked Deposit (ELD) No. 25-3, a product that guarantees both principal and minimum contracted interest at maturity, while offering the potential for higher additional returns.

This product is a one-year maturity product based on the KOSPI 200 Index as the underlying asset, with returns determined by index fluctuations. It is available in two types: 'Type I·II'.

Type I provides returns if the index at maturity rises by 0% to 20% compared to the initial index, while Type II provides returns if the index at maturity fluctuates between -10% and 10% compared to the initial index. The product offers annual returns of 1.7% to 4.7% for individuals and 1.6% to 4.5% for corporations.

The subscription period runs from May 22 to May 30, and customers can apply at branches nationwide, through internet banking, smart banking, and the All One Bank app.

A representative from Nonghyup Bank stated, "During a period of declining interest rates, index-linked deposits can serve as a suitable alternative product that guarantees principal and offers the potential for additional returns."

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