Shinhan Savings Bank’s Green Grapes Youth Savings Interest Rate and How to Sign Up
When looking at deposit products, products from the secondary financial sector often offer higher interest than the primary financial sector. If the commodity interest rates of the primary and secondary financial sectors are the same, most of the funds are concentrated in the primary financial sector. For this reason, attention should also be paid to products from the secondary financial sector when choosing deposit products. Recently, more and more savings banks are operating under the management of large corporations, so their safety has improved.
Therefore, for those who were only considering the primary financial sector, I think it is also worth considering the high-interest-rate products of mutual finance and savings banks such as credit unions and Nonghyup. In this article, I would like to briefly introduce the interest rate and how to sign up for the “Green Grape Youth Installment Savings” for young people run by Shinhan Savings Bank, a subsidiary of Shinhan Financial Holding Company.
What is Shinhan Savings Bank’s green grape youth installment savings?
Shinhan Savings Bank’s Green Grape Youth Savings Overview
Cheongpodo Youth Savings, designed and released by Shinhan Savings Bank to support young people’s aspirations and challenges, is one of the accumulation-type products in the second financial sector, and it is a preferential installment savings product that helps young people collect a large sum of money.
This product allows Koreans between the ages of 19 and 39 to sign up with one account per person, and the monthly payment is set from a minimum of 10,000 won to a maximum of 300,000 won. However, registration is only possible through non-face-to-face channels, such as Internet homepages or mobile apps.
Shinhan Savings Bank’s Green Grape Youth Savings Product Guide
In addition, the product is protected by depositors like other commercial bank savings products, and you can also receive tax-free benefits if you sign up for a tax-free comprehensive savings account. One of the great attractions of youth savings is that the conditions for receiving the highest interest rate are not that difficult, and that it is easy to collect money according to the flow of interest rates with a relatively short-term subscription when it is difficult to predict the current interest rate. However, as the maximum monthly payment is limited to 300,000 won, a total of 3.6 million won will be collected if you make a payment for 12 months, resulting in 117,000 won in pre-tax interest.
What is the interest rate for young people in Shinhan Savings Bank’s green grapes?
The interest rate of the Cheongpo Youth Savings Bank provided by Shinhan Savings Bank is a product that can receive a maximum of 6% per year, plus 5% of the basic interest rate and 1% of the preferential interest rate. The 0.1% preferential interest rate is provided upon consent to collect and use personal (credit) information (product service guidance, etc.), and a 0.3% preferential interest rate will be given if more than 1/2 of the monthly payment is transferred from the account to the Shinhan Savings Bank deposit and withdrawal account.
In addition, if you do not get a bankbook issued until maturity after signing up for the product, you will receive a 0.6% preferential interest rate. Therefore, you can get the maximum interest rate if you agree to collect personal information from Shinhan Savings Bank, make a transfer from the bank’s deposit and withdrawal account, and do not get a bankbook, so these preferential interest rate conditions are not particularly difficult.
Shinhan Savings Bank’s Green Grape Youth Savings Interest Rate
As a subsidiary of Shinhan Financial Holding Company, Shinhan Savings Bank has stronger funding power than small and medium-sized savings banks and protects depositors, so there is no major inconvenience in using it as a major bank. In addition, Shinhan Savings Bank’s Internet and mobile services are very similar to Shinhan Bank, so they will be convenient for customers who have used Shinhan Bank.
Shinhan Savings Bank’s Green Grape Youth Installment Deposit Mid-Termination Rate
What is the procedure for joining Shinhan Savings Bank’s green grape youth installment savings?
You can easily sign up for Green Grape Youth Savings through the Internet homepage and mobile app at Shinhan Savings Bank. To sign up through the Internet, you can search for Shinhan Savings Bank on the same portal as Naver and access its official website, click on the Installment Savings category in the Product Notice to examine the product information of Green Grape Youth Savings, and click the Sign Up button.
Procedures for joining Shinhan Savings Bank’s Green Grape Youth Installment Savings
On the other hand, if you want to sign up for a mobile subscription, you can install and run the Shinhan Savings Bank Digital Bank app. If you are a first-time customer, prepare your ID, follow the account opening guide to open a bank account, click the “Full Menu” button located at the top right of the main screen, and select Green Grape Youth Savings from the “Sign Up for Deposit” menu in the “Sign Up for Deposit” section.