Interest rates and returns published for the Youth Future Savings Account (청년미래적금)
Source material is a Korean government announcement (in Korean).
The interest rate structure of the Youth Future Savings Account (청년미래적금) has been published: a base rate of 5% plus a preferential rate of 2 to 3 percentage points depending on the institution, up to 7 to 8%. Paying in 500,000 won a month for 3 years (at an 8% rate) gives about 21,380,000 won on the standard type and about 22,550,000 won on the preferential type.
Key facts
| Interest rate | 5% base + 2 to 3 percentage points preferential by institution (up to 7 to 8%), 3-year fixed rate, flexible deposits |
|---|---|
| Amount at maturity | 500,000 won a month for 3 years at an 8% rate — about 21,380,000 won standard type, about 22,550,000 won preferential type |
| Effective return | Including interest, the government contribution and the tax exemption — 13.2 to 14.4% standard type, 18.2 to 19.4% preferential type |
| Institutions offering it | 15 |
Last checked:
The interest rate structure of the Youth Future Savings Account (청년미래적금) has been published. A base rate of 5% plus a preferential rate of 2 to 3 percentage points depending on the institution brings the rate to as much as 7 to 8%, on a 3-year fixed-rate flexible deposit. Paying in 500,000 won a month for 3 years at an 8% rate, the figures given are about 21,380,000 won on the standard type and about 22,550,000 won on the preferential type. Taking interest, the government contribution and the tax exemption on interest income together, the effective return was given as 13.2 to 14.4% for the standard type and 18.2 to 19.4% for the preferential type, and 15 institutions offer it.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
What is the interest rate on the Youth Future Savings Account?
A base rate of 5% plus a preferential rate of 2 to 3 percentage points depending on the institution, giving a 3-year fixed rate of up to 7 to 8%.
How much do I get if I pay in 500,000 won a month for 3 years?
At an 8% rate, the figures given are about 21,380,000 won on the standard type and about 22,550,000 won on the preferential type.
What is the effective return once the tax exemption is included?
Taking interest, the government contribution and the tax exemption on interest income together, the effective return was given as 13.2 to 14.4% for the standard type and 18.2 to 19.4% for the preferential type.