Shinhan Bank will launch an additional sale of its Shinhan SOL Mate time deposit for customers aged 50 and above, offering an annual interest rate of up to 3.5 percent. The bank decided to conduct a fifth special sale worth 300 billion won after the caps for the first to fourth special sales were fully used. The 12-month product offers a base rate of 3.3 percent, with up to 0.2 percentage points in preferential interest.

Shinhan Bank will sell an additional 500 billion won of its senior-focused deposit product for customers aged 50 and above, after earlier sales sold out quickly. The bank said it will start a third special sale of the Shinhan SOL Mate time deposit from June 15. The 12-month product offers a base annual rate of 3.0 percent and up to 3.2 percent with a preferential rate.