# Woori America Bank SmartStep Installment: 5.00% APY

Canonical: https://dealaka.com/offers/woori-america-bank-smartstep-installment-rate

- Status: Limited reports
- Bonus: 5.00% APY
- APY: 5.00% (12-month term, up to 5.00% with qualifications)
- Requirement: $1,000 minimum, 12-month term, qualifications required
- Expires: no published end date
- Availability: Nationwide
- Institution: Woori America Bank
- Verified: Aug 18, 2026 against wooriamericabank.com
- Field reports: 0

## 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.

## Requirements
1. Open a Woori America Bank checking account and maintain monthly ACH deposits of at least $100.
2. Enroll in paperless e-statements.
3. Open a Woori America Bank credit card and link it to your new checking account for payments (subject to credit approval).

## Fine print that matters
- 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.

## Sources
- wooriamericabank.com rate page <https://www.wooriamericabank.com/PromotionSavings> (checked Aug 18, 2026)

_This entry is reference information, not financial advice. Confirm current terms on the institution's site before you apply._