"Travel Expense Savings, Mileage Interest" Shinhan Bank, Skypass Ins-sa Savings Event

Shinhan Ins-sa Savings Account Subscribers Offered Up to 5,000 Mile Accumulation Opportunity

[Asia Economy Reporter Jo Gang-wook] Shinhan Bank announced on the 10th that it will run the 'SKYPASS Shinhan Ins-sa Savings Event,' which allows new subscribers of the Shinhan Ins-sa Savings to exchange interest earned at maturity for SKYPASS mileage, until the 9th of next month.

During this event period, Shinhan Bank will offer the first 10,000 customers who newly register Open Banking through the mobile application (app) 'SOL' and subscribe to the Shinhan Ins-sa Savings the opportunity to exchange the interest amount received at maturity for SKYPASS mileage.

Up to 5,000 miles can be accumulated depending on the deposit amount and frequency. Customers who deposit 500,000 KRW monthly via Open Banking can accumulate 5,000 miles upon the 1-year savings maturity. Additionally, Korean Air plans to run an event granting up to 500 additional miles to participating customers who fly with Korean Air by December 31 of next year.

The Shinhan Ins-sa Savings is a 1-year maturity savings product allowing monthly deposits of up to 1,000,000 KRW. It is a savings product that offers a high interest rate of up to 2.5% annually when agreeing to Shinhan Bank's Open Banking service terms and using Open Banking to deposit from other bank accounts into the savings account.

A Shinhan Bank official said, "This was planned to allow customers who cannot travel immediately due to the novel coronavirus (COVID-19) to save their spare funds and receive interest as mileage at maturity after one year to use for travel," adding, "Shinhan Bank and Korean Air will continue to expand various partnership services to provide many benefits to customers of both companies."

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