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Shinhan Bank launches savings product offering up to 9 percent annual interest, limited to 200,000 accounts

Shinhan Bank will introduce a one-year, flexible installment savings product offering an annual interest rate of up to 9.0 percent. The bank said on Thursday it will sell the product, called “Shinhan Savings 9-tier,” from Aug. 14 to Sept. 30, limited to 200,000 accounts. It offers preferential rates to customers starting savings with Shinhan Bank for the first time and to Shinhan Card users. Individuals can pay in up to 300,000 won per month.