'Shinhan SuperSOL Account' Launched... Up to 3.0% Annual Interest Rate

Limited Sale of 200,000 Accounts on Shinhan SuperSOL App

Shinhan Bank announced on the 16th that it has launched the Shinhan Super SOL (SOL) passbook, a demand deposit account.

Shinhan Super SOL is a super app that combines key functions frequently used by customers in daily life from the financial services of Shinhan Financial Group's banks, cards, securities, life insurance, and savings banks to enhance user convenience. Since its launch, more than 4 million customers have signed up within four months.

The Shinhan Super SOL passbook is a high-interest demand deposit account offering a base interest rate of 0.1% plus a preferential interest rate of up to 2.9 percentage points, resulting in a maximum annual interest rate of 3.0%. The preferential interest rates are provided as follows: 1.9 percentage points annually for meeting one of the conditions?designating Shinhan Bank as the payment account for Shinhan Card (payment performance required), holding a Shinhan Investment & Securities account (including securities trading accounts), or using the Shinhan Life 'Analyze My Insurance' service within the Shinhan Super SOL app; and 2.4 percentage points annually for meeting two or more of these conditions. Additionally, first-time Shinhan Bank demand deposit account customers receive an extra 0.5 percentage points preferential interest rate for one year.

This account is available to individuals aged 14 and older and individual business customers, with one account per person, through Shinhan Super SOL. It was launched with a limit of 200,000 accounts, and the preferential interest rate applies to balances up to 3 million KRW.

A Shinhan Bank official stated, "To expand benefits for Shinhan Super SOL users, we launched the Shinhan Super SOL Points Savings Account in January and have now introduced a dedicated demand deposit account." He added, "We plan to continue offering distinctive and diverse financial products and differentiated services to various customers through Shinhan Super SOL."