According to the financial sector on June 15, Shinhan Bank has begun the third special sale of its senior-focused deposit product, the 'Shinhan SOL Mate Time Deposit.'
The Shinhan SOL Mate Time Deposit is a 12-month fixed deposit product designed for customers aged 50 and older. The first and second sales each saw a limit of 500 billion won fully subscribed within ten days. The third sale will also have a limit of 500 billion won.
Eligible customers are those aged 50 and above, with a minimum deposit of 500,000 won and a maximum of 300 million won per individual. Customers who participated in the first and second sales can also make additional deposits within the 300 million won limit. The base interest rate is 3.0% per annum, with an additional preferential rate of 0.2 percentage points, bringing the total to a maximum of 3.2%.
The preferential rate can be obtained if one of two conditions is met during the deposit period: either receiving public pension payments for more than three months or depositing over 200,000 won monthly into a private pension account opened at Shinhan Bank for more than three months. Public pensions include the basic pension.
A Shinhan Bank representative stated, "In response to the high interest and support from our customers, we have prepared the third sale to allow senior customers to manage their assets under more favorable conditions. We will continue to introduce tailored products that support the financial stability and asset formation of senior customers."
* This article has been translated by AI.
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