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Installment Saving - Rate Update

Monday, June 17, 2013 - 11:39 AMHanmi Bank - Details
I was just in the Garden Grove (Brookhurst) branch, and got a current rate sheet for their Installment Savings.  It was dated 10/10/2012.

There is a $100K maximum per customer, and they enforce this restriction.  Rates without auto-transer from a Hanmi account are 0.25% lower.

With auto-transfer from a Hanmi account, the rate / APY is:

12 Month - 1.05%/1.06%
18 Month - 1.25%/1.26%
24 Month - 1.45%/1.46%
30 Month - 1.65%/1.66%
36 Month - 1.90%/1.92%
48 Month - 2.10%/2.12%
60 Month - 2.30%/2.33%

As yet another example of the decline in interest rates, my Installment Savings account that matured was 5.50% for 48 months.  When I last reported the rates on 12/30/10, they were slightly higher, with the biggest difference being at the short end of the curve.

(December 2010 rates for comparison)

12 Month - 1.50%/1.51%
18 Month - 1.65%/1.66%
24 Month - 1.80%/1.82%
30 Month - 1.95%/1.97%
36 Month - 2.10%/2.12%
48 Month - 2.30%/2.33%
60 Month - 2.50%/2.53%
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CTMCTM41 posts since
May 6, 2010
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