Shinhan Bank Launches 'Shinhan Annyeong, Bangawo Savings'... 4% Annual Interest Rate

Providing Preferential Interest Rates Linked to Major Financial Transactions (Salary, Credit Card, Savings)

[Asia Economy Reporter Park Sun-mi] Shinhan Bank announced on the 20th that it has launched the ‘Shinhan Annyeong, Bangawo Savings Account’ to support first-time customers in accumulating a lump sum of money.

The ‘Shinhan Annyeong, Bangawo Savings Account’ is a one-year flexible installment savings product that allows deposits of up to 500,000 KRW per month. It is designed with preferential interest rate conditions that are easy to achieve to help customers who are conducting major financial transactions such as first salary transfer, savings account subscription, and new credit card issuance with Shinhan Bank for the first time to accumulate a lump sum.

The maximum interest rate is 4.0% per annum. The basic interest rate is 1.0%, and if customers meet two or more of the four preferential interest rate conditions ? ▲first salary transfer ▲first savings subscription ▲first Shinhan Card issuance and designating Shinhan Bank as the payment account ▲subscription through events or partner companies ? they receive a preferential interest rate of 3.0%. If only one condition is met, a preferential interest rate of 2.0% is provided.

Additionally, existing Shinhan Bank customers can also receive preferential interest rate benefits by adding financial transactions that meet the preferential interest rate conditions. In particular, even if it is not a salary transfer from a workplace, if a monthly income accumulation of 500,000 KRW or more is deposited into Shinhan Bank through the Salary Club, the preferential interest rate conditions are met, allowing customers with various income types such as pension recipients, housewives, and part-time workers to benefit.

A Shinhan Bank official said, “We launched this product with a warm welcome to customers starting their first financial transactions and to existing customers making new transactions,” adding, “We will continue to provide easier and more comfortable financial services to our customers.”

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