[Asia Economy Reporter Kim Min-young] Suhyup Bank announced on the 6th that it has partnered with Shinhan Card to launch a mobile-exclusive co-branded installment savings product called ‘Hey! Chingu Jeokgeum (Hey! Friend Savings)’ offering benefits of up to 7.9% per annum.
The base interest rate is low at 1.0% per annum, but customers who agree to Suhyup Bank’s marketing receive an additional 0.1 percentage points, and an extra 0.8 percentage points are given upon meeting additional conditions such as automatic transfers.
Moreover, if the Shinhan Card usage conditions are met, a special reward of up to 6 percentage points is additionally provided, allowing savings subscribers to enjoy benefits of up to 7.9%.
Customers who have not used a Shinhan Card (credit) in the six months prior to signing up can apply online for a credit card (Mr. Life, Simple Plus, Deep Dream Platinum Plus), and if they spend more than 160,000 KRW by the end of November, they can receive the special reward in the form of a preferential interest rate.
To subscribe, search for ‘Hey Chingu Jeokgeum’ or ‘Suhyup Shinhan Card Jeokgeum’ on the Shinhan Card website or a portal site, obtain the event code from the savings event page, then enter the event code in Suhyup Bank’s mobile application ‘Hey Bank’ and sign up for the savings product.
The maximum monthly deposit amount is 300,000 KRW, and the subscription period can be chosen between 6 or 12 months. Only one account per person can be opened until September 30.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
