#Interest Income Tax
Related posts · 5 posts
Money
Splitting Your Accounts — The Law Only Fixes Two Things
Korea's deposit protection cap is ₩100 million, not ₩50 million (amended 29 Jul 2025). And "15.4%" is not a figure in the statute.
Money
Pay Down the Loan or Keep the Deposit — 4.74m Won Over Five Years (2026)
A deposit rate above your loan rate still loses after tax. Breaking even needs 1.182 times the loan rate, and no such pairing exists in today's market.
Money
Time Deposit or Installment — and the Trap in “Best Rate” (2026)
We worked out the exact multiple behind "an installment plan pays about half the headline rate": an n-month plan yields (n+1)÷2n — 13/24, or 54.17%, over twelve months, converging on 50% as the term lengthens.
Calculators
Korean Deposit & Savings Maturity Calculator — After Tax
A 3.20% deposit beats a 3.45% savings account by 1.71× after tax. The savings rate would need 5.91% to match.
Money
Compounding and the Saving/Investing Line — CFPB's Example Ends at Year Two, Worth $2.50
Run the same conditions for thirty years and it becomes $1,821. Tax takes close to half of that.
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