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satishku
Joined: 22 Mar 2009
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 Posted: Fri Mar 05, 2010 9:57 pm Post subject: Invest Money in Fixed Deposit in Korea |
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| hi im a foreigner working here in korea ,and i want to know which korean bank has an attractive fixed deposit scheme that has high interest rate per annum and is risk-free? any advice on short term investment with good returns will be great. thanks |
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Raeddie
Joined: 13 Dec 2006
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| Posted: Fri Mar 05, 2010 11:52 pm Post subject: |
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KB Bank has 2.0% interest on a 1-2 month deposit
2.3% interest on a 3-5 month deposit
3.2% interest on a 6-11 month deposit
4.2% intererest on a 12 month deposit |
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wormholes101
Joined: 11 Mar 2003
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| Posted: Sat Mar 06, 2010 12:21 am Post subject: |
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| I've got a few million saved with Nyong Hyup at 4.8%. |
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Lunar Groove Gardener
Joined: 05 Jan 2005
Location: 1987 Subaru
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| Posted: Sat Mar 06, 2010 3:33 am Post subject: |
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Watch for specials, they come up on occasion.
I left a bunch in Standard Chartered for a year
ending last October. The rate was 7.3%
I wasn't aware that they take 15% of your earnings when you withdraw.
I believe their current rate is around 5% for one year accounts. |
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definitely maybe
Joined: 16 Feb 2008
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| Posted: Sat Mar 06, 2010 6:09 am Post subject: |
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| There are specific regional banks that have higher interest rate. Gyeonggi-do's is around 6.5-6.6% for the year. Incheon's is supposedly higher. I'll see if I can dig up a website for you. |
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cmr
Joined: 22 Mar 2006
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| Posted: Sun Mar 07, 2010 12:33 am Post subject: |
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| Interested to know as well. |
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Sadebugo1
Joined: 11 May 2003
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| Posted: Sun Mar 07, 2010 4:46 am Post subject: |
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Is the deposit guaranteed up to a certain amount by the Korean government as in the US? Just curious.
Sadebugo
http://travldawrld.blogspot.com/ |
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tatu
Joined: 23 Jun 2006
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| Posted: Sun Mar 07, 2010 4:56 am Post subject: |
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| guaranteed up to 50,000,000 |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Sun Mar 07, 2010 5:03 am Post subject: |
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| Quote: |
| high interest rate per annum and is risk-free |
Are you also looking for a job that pays really well but doesn't require you to actually work? I'm in the market for that.
If anyone finds either scenario, either the OP's or mine, please let me know. I'd prefer you send a private message so every lazy SOB out there doesn't snap it up.
In the meantime, I'll sit on my Nong-Hyup fund that is currently paying 30%.  |
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satishku
Joined: 22 Mar 2009
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| Posted: Sun Mar 07, 2010 3:57 pm Post subject: |
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| Ya-ta Boy wrote: |
| Quote: |
| high interest rate per annum and is risk-free |
Are you also looking for a job that pays really well but doesn't require you to actually work? I'm in the market for that.
If anyone finds either scenario, either the OP's or mine, please let me know. I'd prefer you send a private message so every lazy SOB out there doesn't snap it up.
In the meantime, I'll sit on my Nong-Hyup fund that is currently paying 30%. |
So finding a korean bank with high returns is your idea of hard WORK ??? Mine is not. I currently get 4-5% interest and I am only interested in finding if there are other banks with better offers. If you cant provide any useful information, keep your mouth shut. |
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satishku
Joined: 22 Mar 2009
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| Posted: Sun Mar 07, 2010 3:58 pm Post subject: |
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| And Thanks to everyone for their replies. |
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ThingsComeAround
Joined: 07 Nov 2008
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| Posted: Sun Mar 07, 2010 4:09 pm Post subject: |
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try Tomato bank.
http://www.tomatobank.co.kr/
savings starting @ 5.5, depending on where you live it could go up to 6.1 (don't ask me why, this is what the website says  ) |
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Palladium
Joined: 26 Apr 2009
Location: Korea
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| Posted: Mon Mar 08, 2010 3:31 am Post subject: |
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| Ya-ta Boy wrote: |
| Quote: |
| high interest rate per annum and is risk-free |
Are you also looking for a job that pays really well but doesn't require you to actually work? I'm in the market for that.
If anyone finds either scenario, either the OP's or mine, please let me know. I'd prefer you send a private message so every lazy SOB out there doesn't snap it up.
In the meantime, I'll sit on my Nong-Hyup fund that is currently paying 30%. |
What a wanker! Someone can't ask a simple question and you run your mouth like a high school punk. Bet your mom's REAL proud of you, jackass! |
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Palladium
Joined: 26 Apr 2009
Location: Korea
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| Posted: Mon Mar 08, 2010 3:36 am Post subject: |
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| Palladium wrote: |
| Ya-ta Boy wrote: |
| Quote: |
| high interest rate per annum and is risk-free |
Are you also looking for a job that pays really well but doesn't require you to actually work? I'm in the market for that.
If anyone finds either scenario, either the OP's or mine, please let me know. I'd prefer you send a private message so every lazy SOB out there doesn't snap it up.
In the meantime, I'll sit on my Nong-Hyup fund that is currently paying 30%. |
What a wanker! Someone can't ask a simple question and you mouth off like a high school punk. Bet your mom's REAL proud of you, jackass! |
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UknowsI
Joined: 16 Apr 2009
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| Posted: Mon Mar 08, 2010 6:46 am Post subject: |
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| Ya-ta Boy wrote: |
| Quote: |
| high interest rate per annum and is risk-free |
Are you also looking for a job that pays really well but doesn't require you to actually work? I'm in the market for that.
If anyone finds either scenario, either the OP's or mine, please let me know. I'd prefer you send a private message so every lazy SOB out there doesn't snap it up.
In the meantime, I'll sit on my Nong-Hyup fund that is currently paying 30%. |
I guess what he asked for was a risk free/very low risk deposit where the interest is fair or not low. Most of us are probably stuck with an account with unreasonable low interest so it's a fair question to ask how to get a more competitive interest rate. Most of us interpreted it this way, while you seem to have interpreted it as a question of how to get rich fast and easy. |
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