What will a Korean bank actually pay you at maturity? Enter the account terms to see your interest after the 15.4% interest tax, for a lump-sum deposit or monthly installment savings.

1 Account terms

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Account type
A time deposit (jeonggi yegeum) holds one lump sum. Installment savings (jeokgeum) take a fixed payment every month.
₩
₩
%
How interest is paid
Installment savings use simple interest only.
Tax on interest
15.4% is the standard rate for Korean tax residents. Non-residents may be taxed at a different rate, for example under a tax treaty, so ask your bank. Pick 9.5% or tax-free only if your bank confirms the account qualifies.

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Payout at maturity, after tax
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