After its 500 billion won offering sells out early, Shinhan Bank relaunches a deposit offering up to 4% annual interest

[Financial News] Shinhan Bank has introduced an additional fixed-term deposit offering an interest rate of up to 4% per year. After the product it launched last month sold out early, the bank is holding a second special sale.
According to the financial sector on the 9th, Shinhan Bank will offer the “Super SOL Welcome Time Deposit,” with a sales cap of 500 billion won, through the Shinhan Super SOL app from that day through the 31st of next month.
The additional sale follows the early exhaustion of the 500 billion won sales limit for the first special-offer product launched last October. Shinhan Bank arranged a second special sale in response to strong customer interest and to expand its interest-rate benefits.
The minimum deposit is 500,000 won, and the maximum is 20 million won per person. Customers can split their deposits across multiple accounts within the limit and choose a term of six or 12 months. Subscriptions will close early if the sales limit is reached.
The base rates are 3.3% per year for a six-month term and 3.6% for a 12-month term. A preferential rate of 0.2 percentage points per year is available for each of two qualifying conditions. Customers who open an account within six months of their first login after Super SOL launched can receive an additional 0.2 percentage points per year. In addition, customers with no salary-transfer history at Shinhan Bank during the previous six months can receive a preferential rate of 0.2 percentage points per year if, for at least three months after opening the deposit, they make salary deposits of at least 500,000 won per transaction.
All customers who open an account by December 31 this year can receive a preferential rate of 0.2 percentage points per year for logging in to Super SOL for the first time. If they also meet the salary-transfer condition, the maximum rates rise to 3.7% per year for a six-month term and 4% for a 12-month term.
A Shinhan Bank official said, “We prepared this second special sale to express our gratitude to customers who showed such a strong response to the first Super SOL Welcome Time Deposit. We will continue to offer products and services that help our customers with their financial lives.”
[email protected] Seo Ji-yoon Reporter