[DigitalToday reporter Ji-young Lee] Shinhan Bank will sell additional units of a senior-focused deposit product for customers aged 50 and above. It is launching a third sale worth 500 billion won after the quotas in the first and second rounds were used up early.

Shinhan Bank said it will hold a third special sale of the "Shinhan SOL Mate Time Deposit" from June 15.

The Shinhan SOL Mate Time Deposit is a 12-month time deposit product for senior and pre-senior customers aged 50 and above.

In the first and second rounds, quotas of 500 billion won each were fully used up in 10 days. In the third round, the bank will also supply the product with a total limit of 500 billion won.

Eligible subscribers are customers aged 50 and above. Each person can subscribe from a minimum of 500,000 won to a maximum of 300 million won. Customers who subscribed in the first and second rounds can also make additional subscriptions within the combined limit of 300 million won.

The base interest rate is 3.0 percent per year. With an additional preferential rate of 0.2 percentage points, the maximum annual rate is 3.2 percent.

Customers can receive the preferential rate if they meet just 1 of 2 conditions during the deposit holding period. They must deposit a public pension for at least 3 months, or deposit at least 200,000 won a month for at least 3 months into a private pension subscribed to at Shinhan Bank. Public pensions include the basic pension.

A Shinhan Bank official said, "We prepared the third sale thanks to customers' strong interest and support." The official added, "We will continue to expand customized products that support senior customers' financial stability and asset formation."