Shinhan Bank Launches "SOLmate Fixed Deposit" for Customers Aged 50 and Above

Shinhan Bank has launched the "Shinhan SOLmate Fixed Deposit," offering a maximum annual interest rate of 3.1% for customers aged 50 and above.

According to Shinhan Bank on January 26, this product is a 12-month fixed deposit, with a minimum subscription amount of 500,000 won and a maximum of 300 million won per person. The total sales limit is 500 billion won.

The base interest rate is 2.9% per annum, and a preferential rate of up to 0.2 percentage points can be applied. Customers can receive the preferential rate by meeting just one of the following conditions during the deposit period: depositing public pension (including basic pension) for at least three months, or depositing at least 200,000 won monthly for at least three months into a private pension account subscribed through Shinhan Bank.

In particular, by including the basic pension as part of the public pension, the product is designed so that even basic pension recipients can benefit from the preferential rate. Shinhan Bank explained that this reflects its commitment to inclusive finance by supporting stable asset management for pension recipients.

To commemorate the product launch, Shinhan Bank will also hold an event starting January 26, where five customers who subscribe with at least 50 million won will be selected by lottery to receive a 1g gold bar. A representative from Shinhan Bank stated, "This product was created to provide tangible financial benefits to pension recipients, especially those receiving the basic pension," and added, "We will continue to expand customized products that support the financial stability and asset building of senior customers."