Shinhan Bank Launches "Shinhan Sneakers Installment Savings" Limited to 100,000 Accounts

Up to 7.5% Per Annum When Linked to Health Platforms

Shinhan Bank announced on the 26th that it will launch the "Shinhan Sneakers Installment Savings," linked to its flagship health platforms "Shinhan 50+ Walk" and "Shinhan 20+ Run," starting on the 27th, with a limit of 100,000 accounts.

The "Shinhan Sneakers Installment Savings" is a 12-month maturity, freely installable savings product, to which customers can contribute up to 300,000 won per month. The base interest rate is 2.5% per annum, and depending on platform enrollment and transaction performance, a preferential rate of up to an additional 5.0 percentage points per annum can be applied, offering a maximum interest rate of 7.5% per annum.

The preferential interest rate is applied as follows: 1.0 percentage point per annum for enrolling in either "Shinhan 50+ Walk" or "Shinhan 20+ Run"; 1.0 percentage point per annum if the customer has not held any Shinhan Bank deposit or installment savings products during the six months immediately prior to enrolling in this installment savings; and either 3.0 percentage points per annum for having payment performance for at least three months after newly issuing a Shinhan credit card, or 1.0 percentage point per annum for having payment performance for at least three months with a Shinhan credit or debit card.

Shinhan Bank explained that its mobile walking service for seniors, "Shinhan 50+ Walk," which was launched in November 2024, surpassed 1 million enrolled customers within one year of its launch. In October last year, it introduced the running-specialized platform "Shinhan 20+ Run," which is now about to be reopened after a renewal.

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