Shinhan Launches 'Solmate·Lucky Draw Savings'... Up to 12% Annual Interest

[Asia Economy Reporter Buaeri] Shinhan Bank launched a savings product on the 21st that offers up to 12% interest rates to commemorate the release of its application (app) 'New SOL'.

Shinhan Bank introduced the 'Shinhan SOLmate Savings,' which offers up to 7% annual interest rates when joined with acquaintances, and the '12-Deuk (得) Event,' through which customers can receive up to 12% annual interest rates with the 'Shinhan Lucky Draw Savings.'

The 'Shinhan SOLmate Savings' is a product (one account per person) that provides higher interest rates the more acquaintances you invite. Upon signing up, an invitation code is issued, and it is a 12-month flexible installment savings product allowing deposits up to 300,000 KRW per month.

It offers a base interest rate of 1.5% per annum plus a maximum preferential interest rate of 5.5 percentage points, providing up to 7% annual interest. The preferential interest rates include ▲1.0 percentage point for entering another person's invitation code when signing up ▲0.5 percentage points for agreeing to marketing ▲1.0 percentage point per person (up to 5.0 percentage points) for providing your invitation code to others who then enter it. Until the 2nd of next month, entering the invitation code ‘SHINHANSOL’ will grant all customers the 1.0 percentage point preferential interest rate usually given for entering another’s invitation code.

The 'Shinhan Lucky Draw Savings' is an event-type savings product (one account per person) available only to customers who enter the '12-Deuk (得) Event' on the SOL event page and win an interest rate preferential coupon.

It is a 6-month flexible installment savings product with a base interest rate of 2% per annum and deposits up to 300,000 KRW per month. The interest rate preferential coupons are awarded by lottery, offering 10 percentage points (1,500 winners), 6 percentage points (5,000 winners), and 3 percentage points (13,500 winners). Depending on the coupon won, customers receive annual interest rates of 12%, 8%, or 5%, respectively.

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