Let’s find out about products with high interest rates that we can recommend to those who plan to continually raise a sizable sum of money from installment savings. Shinhan Savings Bank’s installment savings products offer up to 6% annual interest rates.
청포도 청년적금
Shinhan Savings Bank
What is green grape youth installment savings?
Shinhan Savings Bank’s Green Grape Youth Savings is a youth preferential accumulation product that supports young people to raise a large sum of money, and it is a high-interest savings product with a subscription period of 6 to 12 months, up to 6% per year.
📍 Subject to subscription: Individuals aged 19 to 39 (based on Korean nationals and date of birth)
📍 Subscription period: 6 to 12 months (monthly)
📍 Subscription amount: Within KRW 10,000 to KRW 300,000 monthly payment (in KRW units)
📍 Regular installment savings
📍 Regular monthly accumulation ceremony
📍 Interest payment method: Temporary payment of maturity
tax-free
– All financial institutions can be subscribed to comprehensive non-taxable savings within the integrated limit
– Interest after maturity is taxed, and the tax rate may change when the relevant laws are revised.
📍 How to sign up – Internet homepage, mobile app
📍 How to cancel – Internet homepage, mobile app, and visit stores (but fees may be incurred)
Shinhan Savings Bank
Preferential interest rate conditions for green grape installment savings
Shinhan Savings Bank’s basic interest rate for green grape installment savings is 5%,
📍① Consent to collect and use personal (credit) information [product service guidance, etc.] When fully consenting to the means of product service guidance: 0.1% at the time of subscription
② If more than 1/2 of the total number of monthly payments during the contract period is transferred from the company’s deposit and withdrawal account
1 )0.3% at maturity
③ When a bankbook is not issued until maturity after signing up for the product (ESG 2) Expiration date 0.6%
How much interest can I get if I deposit it for a year?
If you sign up for installment savings at an interest rate of 12 months and 6% of 300,000 won each, you can receive 117,000 won in pre-tax interest.
After tax, you can get a total of 3,698,982 won.
This deposit is protected by the Deposit Insurance Corporation under the Depositor Protection Act, but the protection limit is “up to 50 million won” per person, including the principal of all your deposit-protected financial products in this savings bank and the prescribed interest, and the remaining amount exceeding 50 million won is not protected.
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[Source] Bank with high installment interest rates Green grape Youth Installment Savings Shinhan Savings Bank up to 6% per year | Author Dawon Noona