Deadline to convert housing subscription deposits, installment savings and subscription savings into the Housing Subscription Comprehensive Savings extended 1 year to September 30, 2027 — top interest rate of 3.1% to apply immediately upon conversion
Source material is a Korean government announcement (in Korean).
Holders of housing subscription deposits, installment savings or subscription savings can convert to the Housing Subscription Comprehensive Savings until September 30, 2027, and going forward the previous subscription period is set to be recognized so that the top interest rate of 3.1% per year applies immediately upon conversion.
Key facts
| Conversion deadline | Extended 1 year from September 30, 2026 to September 30, 2027 |
|---|---|
| Eligible | Holders of housing subscription deposits, housing subscription installment savings and housing subscription savings |
| Effect of conversion | Can apply for both national housing and private housing (previously, subscription deposits and installment savings could be used only for private housing, with installment savings limited to 85㎡ or less / subscription savings only for national housing) |
| Recognition of subscription period | Existing subscription period and payment record recognized for housing types available with the previous account; for newly available types, recognized from the time of conversion |
| Interest rate | Housing Subscription Comprehensive Savings 2.3–3.1% per year, up to 3.1% for a subscription period of 2 years or more — top rate set to apply immediately upon conversion by recognizing the previous subscription period |
| How to apply | At branches or mobile apps of the bank where the previous subscriber savings account was opened (holders of subscription deposits and installment savings may choose among the 9 trustee banks of the Housing and Urban Fund (주택도시기금)) |
| Inquiries | Ministry of Land, Infrastructure and Transport, Housing Fund Division, 044-201-3340 |
Last checked:
The Ministry of Land, Infrastructure and Transport (국토교통부) announced on September 23, 2026 that the deadline for holders of housing subscription deposits and installment savings (청약예금·부금) and housing subscription savings (청약저축) to convert to the Housing Subscription Comprehensive Savings (주택청약종합저축) will be extended by one more year, from September 30, 2026 to September 30, 2027. After conversion, holders can apply for both national housing and private housing, and for the housing types they could apply for with their previous account, their existing subscription period and payment record are recognized as is. The ministry also plans to strengthen benefits by recognizing the previous subscription period when calculating interest, so that the top interest rate of 3.1% per year, which previously applied only after 2 years from conversion, can apply immediately upon conversion.
Background — why this change
The subscriber savings conversion system (입주자저축 전환제도) allows housing subscription deposits, installment savings and savings, which could only be used to apply for certain types of housing, to be converted into the Housing Subscription Comprehensive Savings, which can be used to apply for both national housing and private housing. It has been in effect since October 2024.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
What happens to my existing subscription period if I convert?
For housing types you could apply for with your previous account, your existing subscription period and payment record are recognized as is, and for housing types that become newly available through conversion, the subscription period and payment record are recognized from the time of conversion.
What changes regarding the interest rate?
Previously, converted subscribers had interest applied based on their comprehensive savings subscription period and received the top rate 2 years after conversion, but going forward benefits are set to be strengthened by recognizing the previous subscription period so that the top rate of 3.1% per year applies immediately upon conversion.
Where do I apply for conversion?
You can apply at a branch or through the mobile app of the bank where you opened your previous subscriber savings account. Holders of subscription deposits and installment savings can convert not only at their existing bank but also at any bank of their choice among the 9 trustee banks of the Housing and Urban Fund.