Business · Companies · 1 hr ago

NH NongHyup Bank launches KOSPI 200-linked deposit

NH NongHyup Bank launches KOSPI 200-linked deposit

NH NongHyup Bank launched a new index-linked deposit on Oct.

21.

The one-year product is called ELD 26-11.

It guarantees the principal and minimum contracted interest for customers who hold it until maturity.

The deposit’s return is determined by movements in the KOSPI 200 index, a stock market index used as its underlying asset.

Customers can apply at bank branches or through NH’s mobile banking services.

The application period ends Oct.

27, and the deposit matures after one year.

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