Shinhan Bank Launches 'Al.Ssol Savings' to Build Substantial and Profitable Lump Sums

[Asia Economy Reporter Kwangho Lee] Shinhan Bank announced on the 16th that it has launched the 'Shinhan Al.Ssol Savings,' a savings product that offers preferential interest rates based on transaction performance by integrating various savings products into one.

The Shinhan Al.Ssol Savings combines all the preferential interest rate conditions most preferred by customers among popular savings products and provides preferential interest rates according to the customer's transaction performance. The name Al.Ssol in Shinhan Al.Ssol Savings means 'conveniently beneficial,' 'the more you know, the more beneficial,' and 'valuable and beneficial' savings.

In particular, multiple new savings accounts can be opened within a monthly deposit limit of 3 million KRW, and the maturity date can be freely set on a daily basis between 12 and 36 months, making it suitable for commemorative savings.

The interest rates by maturity apply a maximum preferential interest rate of 1.3% per annum: up to 2.1% per annum for 12 months or more (basic interest rate 0.8% per annum), up to 2.2% per annum for 24 months or more (basic interest rate 0.9% per annum), and up to 2.3% per annum for 36 months (basic interest rate 1.0% per annum).

The preferential interest rates include ▲ 0.6% per annum on the savings deposit amount in months when 500,000 KRW or more is deposited into a Shinhan Bank deposit and withdrawal account ▲ 0.3% per annum on the savings deposit amount in months when the Shinhan Card payment account is designated as Shinhan Bank and payment amounts are withdrawn ▲ 0.6% per annum on the deposit amount into the savings account from other bank accounts using Shinhan Sol’s open banking ▲ 0.3% per annum for holding subscription-related savings accounts such as the Housing Subscription Comprehensive Savings at Shinhan Bank.

Especially, preferential interest rates can be received simply by depositing 500,000 KRW or more monthly into the deposit and withdrawal account, even if it is not a salary from a workplace, allowing pension recipients, housewives, part-time workers, and others to benefit from the preferential interest rates. Additionally, not only credit card but also check card payment performance has been added to the preferential interest rate items so that more customers can enjoy various preferential interest benefits.

A Shinhan Bank official said, "We planned this new product by integrating existing products with the thought that customers should be able to choose the product that fits them perfectly without hesitation even through digital channels," adding, "We will support customers to successfully prepare a substantial fund in a valuable and beneficial way through Shinhan Al.Ssol Savings."

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