Hana Bank Launches High-Interest, Principal-Protected "Index Plus Time Deposit 25-18 (ELD)"

Up to 6.10% Annual Interest Rate Linked to KOSPI 200 Index
Available for Subscription Until September 30

Hana Bank announced on September 19 that it will launch the “Index Plus Time Deposit,” a new product designed to respond to the trend of base interest rate cuts. This deposit guarantees principal while offering the opportunity for higher returns than traditional time deposits.

The Index Plus Time Deposit (ELD·Equity Linked Deposit) is an equity-linked deposit, where the return is determined by the movement of an underlying asset. If the deposit is held to maturity, the principal is guaranteed and customers can expect additional returns on top of standard time deposit rates, depending on the performance of the underlying asset.

The newly introduced product is linked to the KOSPI 200 Index as its underlying asset, and the return varies according to index fluctuations. There are three types available: ▲ High-Yield 1-Year ▲ Active 1-Year ▲ Active 6-Month.

For the ▲ High-Yield 1-Year type, the annual return ranges from a maximum of 6.10% to a minimum of 1.70%. If the KOSPI 200 Index does not rise more than 20% above the base index during the period, the return will be equal to the index increase, up to a maximum of 6.10% per annum. If the index rises more than 20% above the base or remains the same or declines, a fixed return of 1.70% per annum is provided.

For the ▲ Active 1-Year type, the annual return ranges from a maximum of 3.95% to a minimum of 2.40%. If the KOSPI 200 Index does not rise more than 20% above the base index, the return will be equal to the index increase, up to a maximum of 3.95% per annum. If the index rises more than 20% above the base or remains the same or declines, a fixed return of 2.40% per annum is provided. For the ▲ Active 6-Month type, the annual return ranges from a maximum of 3.90% to a minimum of 2.40%, with the index fluctuation threshold set at 12%.

The subscription period for this product is open until September 30, and both individual and corporate customers are eligible to apply. Applications can be easily and conveniently submitted not only at nearby branches, but also through Hana Bank’s main mobile app, “Hana OneQ.”

A Hana Bank representative stated, “The Index Plus Time Deposit is an optimal choice for customers seeking both profitability and stability during a period of base rate cuts,” adding, “We will continue to introduce differentiated products for our customers in the future.”

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