Cheongnyeon Mirae Jeokgeum (Youth Future Savings) is a three-year flexible-deposit savings account open to Koreans aged 19–34 whose prior-year gross salary was under 75 million won (or comprehensive income under 63 million won). A 5.0% base rate can climb to as much as 8.0% with preferential add-ons, and the government tops up deposits by 6% or 12% depending on income. Applications run twice a year (June and December); the first eligibility window ran 22 June to 3 July 2026.
Drawing on Toss Bank's product guide and KB's enrollment guide, here are the requirements and the government match computed by income bracket.
Who Can Join — Age and Income Rules
The age band is 19–34 as of the account-opening date. Military service is subtracted from your age, up to six years, so two years of service extends eligibility to age 36. Once enrolled, the account stays valid even if you turn 35 before maturity.
The income ceiling is gross salary of 75 million won (or comprehensive income of 63 million won). For the self-employed the bar is annual revenue under 300 million won, and household median income must be within 200% (250% for a dual-income two-person household). Most salaried youth clear this threshold easily; what really divides the benefit is the income bracket beneath it.
Is It Really 8%?
The base rate is a fixed 5.0% over three years. On top of that, a gross salary of 36 million won or less adds 0.5 percentage points, completing a 'youth financial counseling' program adds 0.2, and each bank's own conditions — payroll transfer, card spending, auto-transfer — stack further to reach a maximum of 8.0%. In other words, 8% is a ceiling for those who meet every condition, not an automatic figure.
| Item | Rate |
|---|---|
| Base rate (3-year fixed) | 5.0% |
| Gross salary ≤ 36M won | +0.5%p |
| Financial counseling completed | +0.2%p |
| Bank add-ons (payroll, card, etc.) | varies by bank |
| Maximum | up to 8.0% |
Before the 8% headline, look at your own income bracket — both the preferential rate and the government match grow larger the lower your income.
The 6% vs 12% Government Match
The real engine here is the government match. Gross salary of 36 million won or less (premium tier) earns 12% of each month's deposit; 36–60 million won (standard tier) earns 6%. Between 60 and 75 million won there is no match, only tax-free interest. Assuming you fill the 500,000-won monthly cap for the full 36 months, the total match works out as follows.
| Gross salary bracket | Tier | Match rate | Monthly match at 500K deposit | 3-year total |
|---|---|---|---|---|
| ≤ 36M won | Premium | 12% | 60K won | 2.16M won |
| 36M–60M won | Standard | 6% | 30K won | 1.08M won |
| 60M–75M won | — | none (tax-free only) | 0 | 0 |
The premium tier layers a 2.16 million won match onto 18 million won of principal, plus tax-free interest. Toss Bank says filling 500,000 won a month for three years can build up to 22.55 million won — principal, government match and tax-free interest combined. The same deposits earn half the match in the standard tier and nothing in the top bracket, so your income bracket is the single biggest driver of what you walk away with.
Can You Switch From the Youth Leap Account?
Existing Youth Leap Account (Cheongnyeon Doyak) holders could switch into Youth Future Savings — but only during the June 2026 window, and holding both at once is not allowed. Where the Leap Account ran five years, Youth Future Savings runs three, so youth who found five years of deposits burdensome have a reason to switch. Conversely, if you have already held a Leap Account for a few years, weigh the remaining term against the match and interest already accrued.
Whether to switch is a matter of laying maturity, caps and tax benefits side by side — the same framework used when weighing the Youth Leap Account against an ISA, and when checking what to confirm before switching ISA accounts. The answer turns on the nature of the money: short-term cash or retirement savings.
What to Watch
- First confirm which bracket your prior-year gross salary falls into — 36M, 60M or 75M won — because the preferential rate and match ratio split here.
- The 8% rate is a ceiling reached only after meeting every bank add-on. Check whether you can actually satisfy the payroll and card conditions.
- The 500,000-won cap is a maximum on a flexible schedule — judge a monthly amount you can sustain for three years rather than overreaching.
- The next application window is December. Leap Account holders should confirm the switch window and the no-dual-account rule.
- Because conditions differ by bank, compare the actual applied rates on the Korea Federation of Banks consumer portal.