Shinhan Bank-Korea Yakult Launch 'Shinhan Platform Savings' with Up to 11% Annual Interest Rate
Special Savings Account in Partnership with Shinhan Bank and hy... First 50,000 Accounts Only
[Asia Economy Reporter Yu Je-hoon] Shinhan Bank announced on the 2nd that it has launched the 'Shinhan Platform Savings (Yakult)' offering preferential interest rates to customers through a partnership with Hy (Korea Yakult).
This product is a 6-month flexible installment savings account with a monthly saving limit between 1,000 KRW and 300,000 KRW. The basic interest rate is 2.0% per annum, and the preferential interest rate is 9.0 percentage points (p), resulting in a maximum interest rate of 11.0% per annum. The subscription period is until the 14th of next month, with a sales limit of 50,000 accounts on a first-come, first-served basis. Customers can subscribe through branches, internet banking, and Shinhan SOL.
The preferential interest rates are as follows: ▲ 1.0 percentage point per annum for customers who did not hold a savings account within the 3 months prior to subscribing to this savings product ▲ 8.0 percentage points per annum when paying 200,000 KRW or more at Hy (Korea Yakult)’s online shopping mall 'Predit' within 5 business days before the maturity of the savings account. This applies to customers with no Predit payment history within 3 months prior to subscribing.
Additionally, to commemorate the launch of the Shinhan Platform Savings (Yakult), customers who subscribe to this savings account by the 16th will be entered into a draw where 10,000 winners will receive a 5,000 KRW coupon usable for purchasing various products such as dairy and fresh foods on Predit.
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A Shinhan Bank official stated, "We have launched a savings product that provides customers with tangible interest benefits through collaboration between finance and online shopping platforms," adding, "We will continue to launch various platform savings products through partnerships across different industries to create a new, easier, and more convenient bank in line with Shinhan Financial Group’s vision."
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