{"slug":"woori-america-bank-smartstep-installment-rate","category":"bank","institutionSlug":"woori-america-bank","product":"SmartStep Installment","title":"Woori America Bank SmartStep Installment: 5.00% APY","bonus":"5.00% APY","unit":"cash","amount":0,"reqShort":"$1,000 minimum, 12-month term, qualifications required","expiresOn":null,"status":"live","verifiedOn":"2026-08-18","reports":0,"openIssues":0,"states":null,"referralGated":false,"hardPull":false,"chex":"Pending verification","fee":"","keep":"Penalty imposed for early withdrawal; if account closes before interest is credited, interest minus penalty is paid.","posts":"Simple interest credited at maturity.","applyDomain":"wooriamericabank.com","applyUrl":"https://www.wooriamericabank.com/PromotionSavings","summary":"This 12-month savings account earns a base 3.50% APY, with up to four bonus rate increases of 0.50% each for opening a checking account with monthly ACH deposits of at least $100, enrolling in e-statements, and opening and linking a credit card (subject to approval). Maximum 5.00% APY requires meeting all qualifications. Interest is credited at maturity, and a penalty applies for early withdrawal.","reqSteps":["Open a Woori America Bank checking account and maintain monthly ACH deposits of at least $100.","Enroll in paperless e-statements.","Open a Woori America Bank credit card and link it to your new checking account for payments (subject to credit approval)."],"finePrint":["Available to new customers only.","Minimum deposit $1,000, maximum $15,000.","Simple interest credited at maturity.","Penalty imposed for early withdrawal; if account closes before interest is credited, you receive interest minus penalty.","All bonus requirements must be fulfilled within three months of account opening and maintained through maturity to qualify for and retain bonus APY.","Monthly fees may apply to checking account based on type and activity.","Without the monthly qualifications the rate is 3.5% APY."],"apy":500,"apyTerm":"12-month term, up to 5.00% with qualifications","listedOn":"2026-08-18","listedAt":"2026-08-18T13:02:55.202Z","memberReports":[],"history":[],"ruleIds":[],"sources":[{"label":"wooriamericabank.com rate page","url":"https://www.wooriamericabank.com/PromotionSavings","checkedOn":"2026-08-18"}],"needsVerification":false}