Shinhan Bank Launches '2020 Shinhan Pro Baseball Savings and Fixed Deposit'

[Asia Economy Reporter Haeyoung Kwon] Shinhan Bank announced on the 25th that it will sell the '2020 Shinhan Professional Baseball Savings and Fixed Deposit' until the end of the regular season, wishing for the successful opening and popularity of the 2020 Korea Professional Baseball (KBO) and the good performance of each team.

This product, marking its third year since Shinhan Bank became the title sponsor of Korea Professional Baseball in 2018, is a one-year product where customers choose their favorite team among the 10 professional baseball teams to subscribe.

The '2020 Shinhan Professional Baseball Savings' is a flexible installment savings product that can be subscribed from 1,000 KRW to 500,000 KRW per month. The basic interest rate is 1.4% per annum, and the preferential interest rate is 1.4 percentage points, offering a maximum annual interest rate of 2.8%. The product name is customized according to the team selected by the subscriber, such as '2020 Shinhan Doosan Bears Savings' or '2020 Shinhan KIA Tigers Savings.' The preferential interest rates include ▲ an early subscription bonus of 0.2 percentage points per annum (for customers subscribing from the launch date until June 30) ▲ up to 1 percentage point per annum depending on the performance of the team chosen by the customer ▲ and 0.2% per annum if the total attendance from before the regular season opening to the final game of the Korean Series exceeds 8 million.

The '2020 Shinhan Professional Baseball Fixed Deposit' is a product that can be subscribed from 3 million KRW (500,000 KRW for non-face-to-face subscriptions) up to 100 million KRW. With a basic interest rate of 1.4% per annum (as of March 25), subscribers can receive an additional preferential interest rate of up to 0.1 percentage points per annum if the team they selected wins the Korean Series, resulting in a maximum interest rate benefit of 1.5% per annum.

A Shinhan Bank official stated, "In line with the opening of professional baseball, we plan to provide various events and content through Shinhan SOL's 'SOL Baseball' service," adding, "We aim for mutual growth between Shinhan Bank and the KBO League during the 2020 professional baseball season and plan to offer various products and services for baseball fans."

Meanwhile, Shinhan Bank is conducting an event until the 10th of next month to quickly overcome the novel coronavirus disease (COVID-19) and to wish for the successful opening of the '2020 Shinhan Bank SOL KBO League.' Customers who agree to participate on 'Shinhan Plus,' Shinhan Financial Group's integrated platform, and subscribe to the '2020 Shinhan Professional Baseball Savings' with 50,000 KRW or more during the event period will receive 3,000 My Shinhan Points.

This content was produced with the assistance of AI translation services.