Search results for Shinhan SOL Mate Time Deposit
Finance
Deposit tokens push into payment networks, accelerate capital market overhaul
Deposit-token trials are spreading from payment gateways and merchant networks to cross-border payments, shifting the commercialisation race from issuance to where tokens can be used. Payment and settlement at the same time could cut small merchants’ fees and settlement periods. Inclusive finance is expanding by borrower type as banks tailor products and fintechs support fees. Regulators are weighing tighter limits on single-stock leveraged products. Market reforms also tighten scrutiny of duplicate listings and low-PBR firms.
Finance
Shinhan Bank to offer additional SOL Mate time deposit up to 3.5 percent
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.
Finance
Shinhan Bank to sell additional 500 billion won of senior-focused time deposit
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.