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Finance
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.
Finance
Woori Bank runs event for new and switched housing subscription customers
Woori Bank said on Thursday it will run two events for new and switched housing subscription customers through June 30. The campaign targets customers who switch housing subscription instalment savings from other financial institutions to Woori Bank’s housing subscription savings account. The bank will offer Shinsegae gift certificates to the first 1,000 customers and draw 500 more for additional vouchers after certain auto-transfer payments.
Finance
KB Kookmin Bank expands preferential rates for KB Soldiers\' Tomorrow Savings Plan
KB Kookmin Bank said on March 19 it has expanded preferential interest rates for its KB Soldiers\' Tomorrow Savings Plan and strengthened rate benefits. Under the revamp, the product offers annual interest rates from 5.0 percent to 10.5 percent for contract terms of 15 to 24 months, before tax. The preferential-rate items and the preferential-rate cap were raised, and an event rate is offered to eligible customers.