Shinhan Bank America

Overview / Commentary

646-843-7300

330 Fifth Avenue, 4th Floor
New York, NY 10001

Shinhan Bank America is headquartered in New York and is the 39^th largest bank in the state of New York. It is also the 529^th largest bank in the nation. It was established in 1990 and as of December of 2019, it had grown to 290 employees at 16 locations. Shinhan Bank America has an A+ health rating.

Shinhan Bank America Installment Savings Accounts Up To 2.02% APY (36 Months) - 6/23/2020

There does not seem to be an online application. Don't know if branch visit is required. Branches are located in California, Texas, Georgia, New York and New Jersey. Available terms range between 12 and 36 months. Rate sheet at https://www.shbamerica.com/DISCLOSURE/Deposit_Rate_Table_09212017_All_Regions.pdf Disclosures at https://www.shbamerica.com/DISCLOSURE/PERSONAL/7_PERSONAL_Installment_Savings.pdf Account description at https://www.shbamerica.com/personal-installment-savings/

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2006

6/23 - Shinhan Bank America Installment Savings Accounts Up To 2.02% APY (36 Months)

4/26 - 5.50% 12-Month CD at a New York/California Bank

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Health

A+

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	33188
Year Established	1990
Employees	290
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.11%
Return on Equity - YTD	0.76%
Annual Interest Income	$66.5MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$1.63B$1.42B
Loans	Q4 2019vs Q4 2018	$1.35B$1.27B
Deposits	Q4 2019vs Q4 2018	$1.40B$1.20B
Equity Capital	Q4 2019vs Q4 2018	$215.2MM$212.7MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$8.4MM$8.0MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$2.3MM$3.0MM
Real Estate Owned	Q4 2019vs Q4 2018	$576.00K$0

User-submitted Promotions & Notices

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Shinhan Bank America Installment Savings Accounts Up To 2.02% APY (36 Months)

alan1 | Jun 23, 2020

There does not seem to be an online application. Don't know if branch visit is required. Branches are located in California, Texas, Georgia, New York and New Jersey. Available terms range between 12 and 36 months.

Rate sheet at https://www.shbamerica.com/DISCLOSURE/Deposit_Rate_Table_09212017_All_Regions.pdf

Disclosures at https://www.shbamerica.com/DISCLOSURE/PERSONAL/7_PERSONAL_Installment_Savings.pdf

Account description at https://www.shbamerica.com/personal-installment-savings/

Rates

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Money Market
Checking
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Shinhan Bank America Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.02%	-	-	Installment Club Savings w/ Bonus Rate (36 Months)
1.77%	-	-	Installment Club Savings (36 Months)
1.77%	-	-	Installment Club Savings w/ Bonus Rate (24 Months)
1.77%	-	-	Installment Club Savings w/ Bonus Rate (30 Months)
1.51%	-	-	Installment Club Savings (24 Months)
1.51%	-	-	Installment Club Savings (30 Months)
1.51%	-	-	Installment Club Savings w/ Bonus Rate (12 Months)
1.51%	-	-	Installment Club Savings w/ Bonus Rate (18 Months)
1.26%	-	-	Installment Club Savings (12 Months)
1.26%	-	-	Installment Club Savings (18 Months)
0.30%^*	-	$2m	Flex Customized Deposit
OTHER TIERS: 0.15% → $2m+
0.30%^*	-	$2m	Flex Customized Deposit Plus
OTHER TIERS: 0.15% → $2m+
0.30%^*	-	$2m	Flex Customized Deposit Plus A
OTHER TIERS: 0.15% → $2m+
0.20%	-	-	Statement Savings

Shinhan Bank America Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%^*	$100k^*	$2m	Money Market
OTHER TIERS: 0.15% → $2m+ \| 0.20% → $1k - $25k \| 0.30% → $25k - $100k
0.35%^*	$100k^*	$2m	MIDAS Money Market
OTHER TIERS: 0.15% → $2m+ \| 0.20% → Up to $25k \| 0.30% → $25k - $100k

Shinhan Bank America Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.05%	-	-	Super NOW Checking for IOLA/IOLTA
0.10%	-	-	Super NOW Checking

Shinhan Bank America CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$1k^*	$200k	12 Month CD
OTHER TIERS: 0.65% → $200k+
0.25%	$1k	-	3 Month CD
0.25%	$1k	-	6 Month CD
0.25%	$1k	-	9 Month CD
0.25%	$1k	-	18 Month CD
0.25%	$1k	-	24 Month CD
0.25%	$1k	-	36 Month CD

Shinhan Bank America IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.70%^*	$1k^*	$200k	12 Month IRA
OTHER TIERS: 0.65% → $200k+
0.25%	$1k	-	3 Month IRA
0.25%	$1k	-	6 Month IRA
0.25%	$1k	-	18 Month IRA
0.25%	$1k	-	24 Month IRA
0.25%	$1k	-	36 Month IRA
0.25%	$1k	-	9 Month IRA

Locations

Availability

New York Area

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