Welcome High-Yield Installment Savings

1. This Installment Savings account is available only to individual account holders in the U.S. and can only be opened in person at a Woori America Bank branch (not available online). The maximum 7.00% Annual Percentage Yield (APY) includes a base rate plus bonus rates for enrolling in Online Banking (+1.00%) and maintaining monthly ACH deposits throughout the term (+2.00%). All conditions must be met within three (3) months of opening this product and must remain in effect through the product's maturity. If bonus conditions are not met, only the base rate will apply. The APY is accurate as of October 28, 2026, and will remain in effect until the 12-month maturity date. The APY assumes all monthly deposits are made on the originally scheduled dates and interest remains on deposits intil maturity. A withdrawal will reduce earnings. Simple interest will be credited at maturity, and interest will not be compounded. You cannot withdraw interest from your account before maturity.  
2. Customers must designate one checking account as their Automatic Fund Transfer Account ("AFT Account"). If the AFT Account is a joint account, its primary (first-line) account holder must be identical to the primary account holder of the Welcome High-Yield Installment Savings Account. Monthly installment payments for the product will be withdrawn from this account.
3. The maturity term for this account is 12 months. A penalty will be imposed for early withdrawal. If you close your account before maturity or withdraw principal with our approval, you will receive the accrued interest, but a penalty equal to the first 6 months of interest will be deducted, which may result in a reduction of your principal. In certain circumstances, such as the death or incompetence of an account owner, the law permits the waiver of the early withdrawal penalty. The minimum contract amount at maturity is $1,000, and the maximum contract amount is $25,000 (in $1,000 increments).
4. There is no minimum balance required to obtain the APY, but you must deposit at least the first month's installment to open the account. You may make no more than one deposit into your account each the account. You may make no more than one deposit into your account each month. The final contract amount at maturity assumes that all scheduled monthly deposits are made; if deposits are delayed or missed, the original contract amount and earnings will differ. This account is a Single Maturity product - it will not automatically renew at maturit, and interest will not accrue after the maturity date. Member FDIC

This promotional offer is available only to individual customers who do not hold a deposit account with Woori America Bank as of June 30, 2026 (customers with past transaction history are eligible if they do not have an account as of this date) and as of account opening date. We use the daily balance method to calculate interest. For noncash items (such as checks), interest begins to accrue no later than the business day we receive credit for the deposit.

There may be eligibility requirements, conditions, and exclusions that could limit benefits under this product. Please read the contract carefully for a full explanation of the terms.

For more information, please visit your nearest branch or call 1-888-699-6674.

Woori America Bank Headquarters is located at 330 Fifth Avenue, New York, NY 10001.