The second application period for the Youth Future Savings Account will run from October 7 through October 16, 2026, excluding weekends and public holidays. Applicants can apply through the apps of participating financial institutions between 9:00 a.m. and 6:30 p.m. No separate document submission is required at the application stage.
The October 7 session is reserved for applicants whose birth years end in an odd number, while October 8 is for those whose birth years end in an even number. From October 12 through October 16, applicants may apply regardless of their birth-year ending digit. The eligible age range for this round covers people born from November 17, 1991, through November 27, 2007, with up to six years of military service excluded from the age calculation.
- Application period
- October 7 through October 16, 2026, excluding weekends and public holidays
- Application hours
- 9:00 a.m. to 6:30 p.m. through participating financial institution apps
- Monthly deposit limit
- Up to 500,000 won
- Government matching contribution
- 6% for the general type or 12% for the preferential type
- Account term
- Three years
The account is a three-year, freely funded savings product allowing monthly deposits of up to 500,000 won. The government provides a matching contribution of either 6% for the general type or 12% for the preferential type, and interest income is tax-exempt. According to the Financial Services Commission, when interest, matching contributions and tax benefits are considered together, the product has an estimated effect comparable to a conventional savings account offering 13.2% to 14.4% simple interest for the general type and 18.2% to 19.4% for the preferential type, based on the stated interest-rate assumptions.
The application review is scheduled for October 19 through November 13, with results expected on November 12 and 13. Approved applicants may open their accounts and begin deposits from November 16 through November 27. Existing Youth Leap Account holders may also apply to switch to the new account, but they must first receive approval, open the Youth Future Savings Account and then request a special early termination of the existing account for that purpose. Further details are available through the Youth Future Savings website or the Korea Inclusive Finance Agency financial counseling line at 1397, option 3.