Shinhan Bank's 'Cheongnyeon Jeochukwang Savings' Surpasses 100,000 Subscribers in 41 Days

Shinhan Bank announced on the 26th that its ‘Shinhan Youth Savings King Installment Savings,’ launched last March, surpassed 100,000 subscribers within 41 days of its release.

This product is available to customers aged 18 to 39 and allows deposits of up to 300,000 KRW per month. It offers ▲a maximum annual interest rate of 5.65% (base rate 4.35%) for 12 months ▲a maximum annual interest rate of 5.75% (base rate 4.45%) for 24 months ▲a maximum annual interest rate of 5.85% (base rate 4.55%) for 36 months.

In particular, considering that the subscribers are from the youth generation, if customers apply for early termination for marriage or housing purposes, the basic interest rate is applied instead of the early termination rate, helping young people effectively build their assets.

Building on this popularity, Shinhan Bank plans to launch a ‘Mission King Game’ starting in May, offering up to 100,000 MyShinhan Points for completing monthly missions such as additional deposits for installment savings subscribers.

A Shinhan Bank official said, “The product’s content aimed at the youth generation’s real asset formation received a positive response, allowing us to sell 100,000 accounts early. We will continue to deliver the positive influence of finance through sincere product development and events.”

Meanwhile, this product is available for up to 200,000 accounts and can be subscribed to via Shinhan Bank’s mobile application SOL and nationwide branches.

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