Shinhan Card Launches Savings Account with SBI Savings Bank Offering Up to 6.0% Annual Interest Rate

Maintain free installment savings until maturity and meet Shinhan Card performance requirements
to receive up to a total 6% interest rate

[Asia Economy Reporter Ki Ha-young] Shinhan Card announced on the 20th that it will launch a flexible installment savings product offering a high interest rate of up to 6.0% in collaboration with SBI Savings Bank.

This product allows customers to receive a basic interest rate of 2.1% if they maintain the flexible installment savings until maturity through SBI Savings Bank's Cider Bank app. Additionally, if the Shinhan Card usage conditions are met, a preferential interest rate of 3.9% is applied, resulting in a total interest rate of 6.0%.

The preferential interest rate applies when spending 100,000 KRW or more by September 30 and is available to customers who newly issue a credit card through online channels such as the Shinhan Card website or mobile app, or those who have no credit card usage record in the past 12 months.

The savings subscription period is one year, with a monthly deposit limit of up to 200,000 KRW, and is available to the first 20,000 applicants. The promotion period is from May 20 to June 18.

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