The number of applicants for the Youth Future Savings plan exceeds 1 million
Youth Future Savings plan surpasses 1 million applications just five days after launch Check the benefits of up to 19.4% annual interest and the eligibility requirements quickly
The Financial Services Commission announced on the 26th that applications for Youth Future Savings, which offers an interest rate as high as 19.4% per year, surpassed 1 million just five days after launch.
As of 1 p.m. that day, the number of applicants was tallied at 1.012 million. The FSC explained that it will operate the program so that all young people who meet the eligibility requirements can sign up.
Youth Future Savings is a threeyear, flexible installment savings product for young people aged 19 to 34. Up to 500,000 won can be deposited each month, and when the base interest rate, preferential interest rate, government contribution, and tax exemption benefits are combined, the effective return is 안내된 at up to 13.214.4% for the standard type and 18.219.4% for the preferential type.