Shinhan Bank Launches '2021 Shinhan Pro Baseball Savings and Deposits'

Release of the Fourth Exclusive Product Following the 2018 KBO Title Sponsor Support

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 29th that it will sell the '2021 Shinhan Professional Baseball Savings and Fixed Deposit' to celebrate the success of the 2021 Korea Baseball Organization (KBO) League and the good performance of each team.

Since 2018, Shinhan Bank has participated as the title sponsor of the Korean professional baseball KBO League and launched this product for the first time. Now in its fourth year, this product is a one-year plan where customers can choose their favorite team among the 10 professional baseball teams and subscribe until the end of the regular season.

For the savings plan, customers can deposit from 1,000 KRW to 500,000 KRW per month in a flexible installment product. The basic interest rate is 1.0% per annum, and with a preferential interest rate of 1.4 percentage points, the maximum annual interest rate applied is 2.4%. The preferential interest rates include ▲early subscription bonus of 0.2 percentage points per annum and up to 1.2 percentage points per annum depending on the performance of the team selected by the customer.

The name of the savings product is customized according to the team chosen by the customer, such as '2021 Shinhan NC Dinos Savings' or '2021 Shinhan Doosan Bears Savings,' and the performance of the selected cheering team is linked to the preferential interest rate, adding more fun to the customer's cheering experience.

The fixed deposit product allows subscriptions from 3 million KRW (500,000 KRW for non-face-to-face) up to a maximum of 100 million KRW. As of the launch date, the basic interest rate is 0.9% per annum, and if the team selected by the customer wins the Korean Series, an additional preferential interest rate of 0.15 percentage points per annum is added, providing a maximum interest rate benefit of 1.05% per annum.

For the 2021 season, exclusive benefits for customers who subscribe to the product have been added. Customers who subscribe to the 2021 Shinhan Professional Baseball Savings and Fixed Deposit by August 31 will receive a 'Winning Calendar' benefit, which provides a victory notification the next day whenever their cheering team wins, along with up to 1,000 My Shinhan Points per game.

A Shinhan Bank official said, "In the 2021 season, to promote mutual growth between Shinhan Bank and the KBO League, we plan to provide various products and services for baseball fans through 'SOL Baseball,' a baseball-dedicated platform of Shinhan Bank SOL."

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