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15 Responses

  1. Rosh says:

    Wow, that’s a nice find!

  2. Lili Bayou says:

    This is super-helpful!

    • Hallie says:

      I’m glad you think it is. ^^ I can’t believe how much information I have to hear through the grapevine when it should really be common knowledge among the mixed couples. Do spread the word to others that could use it. ^^

  3. Eom Hana says:

    Ohhhhh this is golden! We were just looking into consolidating our earnings and saving into a joint account and couldn’t decide which bank best suits our needs. I wish more people would read your post. I’ll share it on my own blog and will spread the word to friends. This is really helpful, so thanks for the insight~

    Also, I’ve just found out via your posts that your a pregnant?! Congratulations to the happy family. I wish you an abundance of health and happiness. 🙂


  4. Shawn says:

    Thank you for doing all this research, organizing and sharing it. Wish I had known about this earlier. We opened up an account with Woori a couple of weeks ago. The interest rate is a bit misleading in that you can’t deposit the total amount at the beginning (thereby limiting the interest you can earn). You’re limited to monthly deposits reducing your overall annual interest.

    Example: if you max out the Woori account by depositing W 300,000/mo, then over 12 months you will have deposited W 3.6 mil. At the end of the year, you will have earned a total interest of W 146,250 which ends up being 4.06% interest on W 3.6 mil. Still better than anything else you’re going to get. But just didn’t want people to think they’d end up with 7.5% interest on the total amount they deposit over a year (which would be W 270,000).

    • Hallie says:

      Yes, you’re right, it’s a bit confusing, but it will end up more than a normal CD currently unless you have a substantial lump sum to put in right away.

  5. I’ve heard that Ever Rich, NH (Nong Hyup), and KDB (Korea Development Bank) may also have a program. Is that true? If so, does anyone have any details.

    • Hallie says:

      They likely do have similar programs. I’m not sure what the names of theirs are or the info, but it seems that every bank does have something like this going on.

  6. Han Seoul says:

    Can you help me with saving interest rates for foreigner, without a Korean spouse, I kept looking through the internet but there was no hope, if you can, it would be big THANK !!!!!!!!!!

  7. Matti says:

    Hi, thanks for the tips! I just opened an account in KEB today. The interest rates are right now: 1.5% for 1 year, 1.6% for 2 years, 1.7% for 3 years. Plus 3% on completion. So altogether 4.5 – 4.8%, which is a little bit less than two years so ago, but not bad compared to current standard rates.

    • Hallie says:

      Yeah, all of the banks seem to have lowered since I wrote this article. We just went in to open another one since ours recently finished. I should try to get some updated info especially since some banks aren’t even having these kinds of accounts anymore.

  8. Jenna says:

    Do you know time deposit in nonghyup bank for marriage immigrants?

    • Hallie says:

      Hi Jenna, I’m not sure I understand the question. Do you mean how often you should make deposits? Or how long you should make them for? Usually you make deposits once a month for anywhere from 1 to 3 years. Does that help? I would suggest having the bank call their English help line to assist you if you have questions or take a trust Korean friend/spouse if available. I always want to make sure I understand all banking in my own language before I sign, hehe.

  9. thank you for sharing this article! these are really very useful information for me 🙂

    • Hallie says:

      No problem. I think it’s super useful too. I hope more families here take advantage of the opportunities. ^^

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