QUOTE
Prime Installment Savings
Hanmi Prime Installment Savings Plan
Hanmi Prime Installment Savings Plan is a flexible means of setting aside a small amount of money each month and accumulating a usable sum of your choice at maturity to meet a variety of your personal financial needs and goals.
Higher Earnings
Hanmi Prime Installment Savings Plan offers a high interest rate to you. You may choose from a variety of monthly payments and maturities that best suit your needs.
Flexibilty and Convenience
You can deposit monthly installments by mail. Also, your account at another financial institution can be debited for your monthly installment amount through the Automated Clearing House (ACH). Simply complete the Authorization Agreement for Automated Payments form provided.
Your existing Hanmi Bank checking or savings account can be debited automatically with your authorization.
Automated payments are electronic payments that are created when the customer gives the originating institution authorization to debit his/her account on a regular basis with following benefits:
The convenience of not having to write checks
The elimination of postage expense and risk of late payments
The elimination of lost, stolen or stop-payment checks
When your savings plan matures you don't even have to come to the bank. All you have to do is mail the notarized withdrawal request form to the bank. Hanmi Bank will be happy to send a check directly to you.
APY
4.34%
4.34%
4.86%
4.86%
5.13%
5.39%
5.65%
APY: Annual Percentage Yield
APY is effective August 5, 2008 but subject to change
The interest rate and APY in effect at account opening will be paid until maturity.
The minimum contract amount is $1,000. The contract amount may increase in multiples of $1,000 with no maximum.
The minimum opening balance and the minimum balance to obtain disclosed APY is the first month installment.
Interest will be compounded daily, and interest will be credited to your account quarterly.
If you withdraw before term, a penalty of three months interest on the amount of the withdrawal will be imposed.
If you do not withdraw after maturity, your account will be transferred to a Regular Savings Account.
