Up to 9.0% Shinhan 'Family Win-Win Savings' Sold Out in Just 3 Months

Shinhan Bank announced on the 20th that the limit of 50,000 accounts for the 'Family Win-Win Savings' product, launched to participate in solving social issues such as low birth rates and population aging, was fully exhausted within three months.

Shinhan Bank, Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

Launched in November last year, the Family Win-Win Savings is a one-year maturity savings product offering a base interest rate of 3.0% per annum, with preferential interest rates adding up to a maximum of 6.0 percentage points (p), resulting in a top annual interest rate of 9.0%. This product provides preferential interest rates to customers who get married, become pregnant, give birth, have two or more children, or receive basic pensions, parental allowances, or childcare (child) benefits during the subscription period.

The Family Win-Win Savings was recognized as a product that coexists with customers and society, and was selected as an excellent case of 'Win-Win and Cooperative Financial New Products' by the Financial Supervisory Service in January.

A Shinhan Bank official said, “We are very pleased that the Family Win-Win Savings, launched to participate in solving social issues such as low birth rates and population aging, has received great response from customers. We will continue to actively participate in financial support for people's livelihoods, develop products and services that contribute to solving social issues, engage in various social contribution activities, and sincerely practice win-win finance to fulfill our corporate social responsibility.”

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