Monthly Savings Plan to Make Lump Sum Money!
Installment Club Savings is an interest bearing account and is recommended especially for those who are on monthly payroll. If you maintain over $0.01 on your account balance, then you can earn advantages of a fixed interest rate until maturity and daily compounding interest based on 365 day year (leap year-366 days). A bonus interest rate is applied if you sign up for an automatic transfer plan from any of your Shinhan Bank America checking accounts. This product can help you approach “your goal amount” with minimum contract amount $1,000.
Our Installment Club Savings account benefit includes:
- Minimum contract amount: $1,000
- Minimum balance to earn interest: $0.01
- Interest calculation method: Daily compounding
- Fixed interest rate
- Interest payment cycle: Quarterly and at Maturity
All you need to enjoy these benefits is a minimum opening deposit of $1,000. Please visit one of our branches to open one and start enjoying it today.