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Online Vision Installment Savings Account
This account is an ideal way to accumulate funds for a down payment for your dream home, to open your own business, for your retirement, or to send your children to college. Just deposit the fixed monthly payment and you will receive the contract amount at maturity.
Features and Benefits:
- Contract goal amount starts from $1,000.00 with term options of 12 months, 24 months, and 36 months
- Interest is compounded daily and credited to your account at the end of every calendar quarter and at maturity1; account will not earn interest after maturity
- Monthly deposits may be automatically transferred from a Nara Bank checking account or an account from another financial institution; only one deposit is allowed per month
- Partial withdrawal is not allowed
Free Services:
- Internet banking
- Customer call center
- Telephone Banking
Monthly Payment Schedule & Current Interest Rates
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Goal Amount
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12 Month
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24 Month
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36 Month
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$1,000.00
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$82.11
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$40.28
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$26.21
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$3,000.00
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$246.31
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$120.83
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$78.62
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$5,000.00
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$410.51
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$201.37
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$131.03
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$10,000.00
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$821.01
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$402.74
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$262.05
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$20,000.00
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$1,642.01
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$805.48
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$524.09
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$30,000.00
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$2,463.02
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$1,208.22
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$786.14
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$50,000.00
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$4,105.03
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$2,013.69
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$1,310.23
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Interest Rate
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2.75%
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3.25%
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3.75%
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APY*
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2.79%
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3.30%
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3.82%
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*APY = Annual Percentage Yield and interest rate are accurate as of and subject to change without prior notice. Fees could reduce earnings on the account. The minimum opening deposit and balance required to obtain the disclosed APY is the amount of your first installment payment.
Please refer to the online disclosures for the detailed the terms and conditions of each online deposit product.
Other terms and fees may apply and are subject to change without prior notice except as required by law. Refer to product disclosure for complete list of fees or contact a Customer Account Representative for further assistance.
1Accrued interest is forfeited if account is closed before the interest is credited to the account. The amount at maturity may be less than the original contract amount if monthly deposits are not made according to the payment schedule.
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Nara Vision Installment Savings
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| Personal Banking |
Business Banking |
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Online Security
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Protecting your privacy and security are important to us. Our online systems use advanced encryption technology to protect you from fraud and identity theft.
What information do I need to apply?
- Social Security number
- Primary ID
- Home address for the last 3yr for all applicants
- Current e-mail address
- Co-applicant's personal information (if applicable)
How long will it take me to complete the application?
Our simple application process takes approximately 10-15 minutes to complete.
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Your Email Address
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| Your email address is needed to complete application process; we may also send various account notices to your email address. Please note: Nara Bank will never ask for personal or sensitive information in an email. |
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Your Social Security Number
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Your Social Security number is required to open an account and it also helps us to verify your identity.
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Your Source of Income
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In addition to being a legal requirement, your employment information is needed to help verify and protect your identity.
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