NH Nonghyup Bank Launches "Nongshim Cheonsim" Time Deposit and Installment Savings with Interest Rates Up to 8.15% Per Annum

Tae Young Kang: "We Will Provide Greater Benefits to Our Customers"

In celebration of its anniversary (August 15), NH Nonghyup Bank announced on August 11 that it has launched the ‘NH Nongshim Cheonsim Time Deposit’ and ‘NH Nongshim Cheonsim Installment Savings’ accounts, aiming to promote the value of rural communities and practice finance in partnership with the public.

The NH Nongshim Cheonsim Time Deposit has a one-year maturity, requires a minimum deposit of 1 million won, and will be offered up to a total sales limit of 300 billion won.

The base annual interest rate is 3.15%. If customers meet preferential conditions — such as joining the Nongshim Cheonsim National Participation Group or leaving a Nongshim Cheonsim supporting message on NH All One Bank — they can receive up to an additional 0.55 percentage points, for a maximum annual interest rate of 3.70%.

The ‘NH Nongshim Cheonsim Installment Savings’ account is available for up to 10,000 accounts, with a one-year contract and a monthly deposit limit of 300,000 won. The basic annual interest rate is 2.30%, but if customers satisfy conditions such as joining the Nongshim Cheonsim National Participation Group, leaving a supporting message on NH All One Bank, making purchases on NH Singssing Mall with an NH Nonghyup Card, or using the specialized ‘Olbareun Ieum Card’, they can receive an additional 5.85 percentage points, raising the maximum annual interest rate benefit to 8.15%.

To mark the launch of the new products, NH Nonghyup Bank will select a total of 200 customers who post a support message for Nongshim Cheonsim on NH All One Bank and present them with regional specialty products worth 20,000 won each, in addition to the preferential interest rate benefits.

Tae Young Kang, President of Nonghyup Bank, stated, "We hope that the newly introduced NH Nongshim Cheonsim time deposit and installment savings on the occasion of our anniversary will become an opportunity to support agriculture and rural communities and unite the hearts of the people. Going forward, we will continue to offer differentiated financial products that embody the unique identity of Nonghyup Bank, deliver greater benefits to our customers, and pursue mutual growth with agriculture and rural communities through inclusive finance."

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