You can apply for Youth Future Savings regardless of your year of birth... From the 12th to the 16th

(Seoul = Yonhap News) Reporter Kang Ryu-na = You can apply for Youth Future Savings Account regardless of your year of birth from the 12th to the 16th.

According to the Financial Services Commission on the 11th, with the end of the odd-even system for the last digit of the year of birth that operated on the 7th and 8th, any young person who wishes to sign up for the Youth Future Savings Account can apply non-face-to-face without any additional documents through the applications (apps) of 14 handling organizations until the 16th of this month.

From the 19th of this month to the 13th of next month, income screening and preferential qualification screening will be conducted by the Korea Inclusive Finance Agency.

The results of the screening will be announced on the 12th and 13th of next month.

Those who pass the screening can open an account and start making payments between the 16th and 27th of next month.

Subscribers to the Youth Leap Account who have passed the screening during this period can also transfer to the Youth Future Savings Account.

Youth Future Savings is a 3-year maturity savings savings product that allows young people aged 19 to 34 to freely contribute up to 500,000 won per month.

The government matches the contribution of 6% or 12% to the amount paid, and interest income tax is exempted.

Considering interest rates, government contributions, and interest income tax exemption benefits, you can achieve a similar effect as signing up for a simple interest savings product with a maximum interest rate of 13.2 to 14.4% for the general type and 18.2 to 19.4% for the preferential type.