1. Preferential Interest Deposits of Veteran Benefits:
(1) Qualified Applicants: veterans. To apply, please bring the military discharge order, payment notification of military personnel insurance, and checks.
(2) Scope of Deposits: veteran benefits, rewards for honors, and payment of military personnel insurance.
(3) Interest Rate: calculated based on the listed annual interest rate of time deposits plus 50% preferential interest rate. But the minimum annual interest rate should not be lower than 18%, or 15‰ on a monthly basis. For instance, if the amount of principal is NT$1 million, the monthly interest will be NT$15,000.
(4) Method of Deposits: monthly withdrawal of interest on principal deposits. For depositors holding the Certificates of Deposit, they can apply for monthly automatic transfer of interest to demand deposits or club savings deposits.
(5) Period: one-year or two-year. On the maturity date, the depositor should bring his/her ID card, seal registered with the Bank, the Certificate of Deposit or passbook to renew the deposits at the original branch. For depositors living overseas, their relatives or friends living in Taiwan could be authorized to help with the application. But the trustee should bring a letter of authorization signed by the applicant and stamped by ROC offices abroad, and provide one copy of the applicant’s household registry. If the applicant no longer has domestic household residence or fails to provide the copy of household registry, according to ROC’s tax law, 20% interest tax will be levied on the interest income. In addition, the trustee also needs to bring his/her own ID card and seal, the Certificate of Deposits or passbook of the applicant to apply.
2. Preferential Interest Deposits of Pensions:
(1) Qualified Applicants: civil servants, faculty staff, administrative officers, policemen and formal employees of government agencies retired according to Civil Service Retirement Act and Acts of Faculty Retirement. To apply, please bring retirement certificate, notification of pension paid by public insurance, and checks.
(2) Scope of Deposits: approved one-time pension (including one half pension, one third pension and one fourth pension), pension paid by public insurance, disability (including handicap) benefits paid by public insurance (those disabled after the enforcement of the new pension system are not eligible to apply).
(3) Interest Rate: calculated based on the listed annual interest rate of time deposits plus 50% preferential interest rate. But the minimum annual interest rate should not be lower than 18%, or 15‰ on a monthly basis. For instance, if the amount of principal is NT$1 million, the monthly interest will be NT$15,000.
(4) Method of Deposits: monthly withdrawal of interest on principal deposits. For depositors holding the Certificates of Deposits, they can apply for monthly automatic transfer of interest to demand deposits (including omnibus accounts) or club savings deposits.
(5) Period: one-year or two-year. On the maturity date, the depositor should bring his/her ID card, seal registered with the Bank, the Certificate of Deposit or passbook to renew the deposits at the original branch. For depositors living overseas, their relatives or friends living in Taiwan could be authorized to help with the application. But the trustee should bring a letter of authorization signed by the applicant and stamped by ROC offices abroad, and provide one copy of the applicant’s household registry. If the applicant no longer has domestic household residence or fails to provide the copy of household registry, according to ROC’s tax law, 20% interest tax will be levied on the interest income. In addition, the trustee also needs to bring his/her own ID card and seal, the Certificate of Deposits or passbook of the applicant to apply.
3. Preferential Interest Deposits of Omnibus Accounts:
(1) Qualified Applicants: veterans, civil servants, faculty staff, administrative officers, policemen and formal employees of government agencies retired according to Civil Service Retirement Act and Acts of Faculty Retirement. To apply, please bring military discharge order, retirement certificate, and checks.
(2) Scope of Deposits: veteran benefits, payment of military personnel insurance, retirement pension and pension paid by public insurance (including disability and handicap benefits paid by public insurance, but those disabled after the enforcement of the new pension system are not eligible to apply).
(3) Interest Rate: calculated based on the listed annual interest rate of time deposits plus 50% preferential interest rate. But the minimum annual interest rate should not be lower than 18%, or 15‰ on a monthly basis. For instance, if the amount of principal is NT$1 million, the monthly interest will be NT$15,000. The interest of demand deposits is calculated once every half year based on the prevailing interest rate and credited to the demand deposits.
(4) Method of Deposits: demand deposits, time deposits and secured loans are put into the same account. Monthly interest of the preferential interest deposits is automatically transferred to demand deposits account to be withdrawn at any time. If not withdrawn, the amount will accrue interest based on the interest rate of demand deposits. The depositor can also apply for pledge loans. To apply, please fill in the Withdrawal Form, bring the passbook, seal, and ID card to the Bank. The loan interest rate is the same as the preferential interest rate, which is 18%. The loan interest will be automatically deducted from the demand deposits account at the end of each month. The Bank offers agency payment services of taxes and utility fees to the depositor. Besides, the depositor can also apply for a ATM card to withdraw from ATMs located all over the country.
(5) Period: one-year or two-year. On the maturity date, the depositor should bring his/her ID card and seal, the Certificate of Deposits or passbook to renew the deposits at the original branch. For depositors living overseas, their relatives or friends living in Taiwan could be authorized to help with the application. But the trustee should bring a letter of authorization signed by the applicant and stamped by ROC offices abroad, and provide one copy of the applicant’s household registry If the applicant no longer has domestic household residence or fails to provide the copy of household registry, according to ROC’s tax law, 20% interest tax will be levied on the interest income. In addition, the trustee also needs to bring his/her own ID card and the seal, the Certificate of Deposits or passbook of the applicant to apply.