Youth leap account 50 million won in difficult conditions is ‘rice cake in the picture’

The fixed interest rate of the Youth Leap Account, which will be released on the 15th to raise money for young people, will be announced on the 12th. In the first public announcement, it boasted outstanding marketability that was incomparable to existing deposits, such as an interest rate of up to 6.5% and tax exemption. However, in reality, it is pointed out that only a small number of young people can raise the initial target of 50 million won due to the high barriers to preferential interest rates set by banks, such as credit card usage records.

According to the Korea Federation of Banks on the 11th안전놀이터, the highest interest rate offered by 11 banks handling products in the first interest rate announcement for Youth Leap Accounts on the 8th was an average of 5.9%. This is the sum of the base interest rate of each bank plus the prime interest rate for income and the prime interest rate for each bank. IBK Industrial Bank of Korea ( IBK)

set the highest interest rate among the banks that applied for the Youth Leap Account, with a maximum of 6.5% by adding various preferential rates to the basic rate. It was followed by KB Kookmin, Shinhan, Hana , Woori, NH Nonghyup , and BNK Kyongnam Bank with 6.0%, △ BNK Busan and DGB Daegu Bank with 5.8% △ Kwangju Bank with 5.7% and △ Jeonbuk Bank with 5.5%. The financial authorities and banks plan to announce the final interest rate of the Youth Leap Account on the 12th after considering market reactions and public opinion, but controversy continues ahead of this. This is because of the ‘preferential interest rate for each bank’ presented by each bank with its own conditions.

Banks set a preferential interest rate of 0.1 to 1.0% points (P) for each item under conditions such as △use of a bankbook for payroll transfer △agreement to provide marketing information △registration of subscription until maturity, and the most controversial condition among them is the performance of card use. am.

In the case of Hana Bank, after signing up for the Youth Leap Account, you must have a record of making Hana Card (credit/debit card) payments (using your Hana Bank deposit and withdrawal bankbook) at least 36 times (as of the end of the month before maturity) at least 300,000 won per month to receive an annual preferential interest rate of 0.6%P. give This means that you can receive it by spending more than 10.8 million won over three years with Hana Card. Woori Bank also promised a preferential interest rate of 1%p per year to subscribers who have made monthly payments of 300,000 won or more and paid Woori cards (using Woori Bank deposit and withdrawal bankbooks) for more than half of the subscription period of the Youth Leap Account. NH Nonghyup Bank also raises the interest rate by 0.5%p per year if the monthly average performance of the card from the month of joining the Youth Leap Account to the month before maturity is over 200,000 won. In the case of Shinhan Bank, a minimum payment amount has not been set, but in order to receive a preferential interest rate of 0.5%P, Shinhan Card payment performance must be satisfied for more than 30 months.

Although regional banks presented somewhat more relaxed requirements than commercial banks, they were no exception. Busan Bank and Kwangju Bank promised 0.5%p and 0.8%p, respectively, when the card usage amount exceeded 5 million won, and Jeonbuk Bank promised preferential interest rates of 0.5%p if the credit card payment performance was more than half of the Youth Leap Account subscription period.

Among young people, there is a voice of concern about whether it was necessary to use a card of 10 million won or more in order to save up to 50 million won. Kim Tae-heon (31), who is preparing to sign up for the Youth Leap Account, said, “Since the Youth Leap Account is one of the government’s national tasks, it seems that the authorities have forcibly set the expected interest rate of 6.0% per year.” ” he said.

However, the banking sector argues that it is a condition that can be sufficiently met in everyday financial life for young people living in society. An official from a bank said, “We are taking into account considerable losses in order to actively cooperate with the government’s policy.”

In addition, as the youth leap account is a product that guarantees a fixed interest rate for three years in the banking sector, there are concerns that the size of the bank’s loss will increase further if interest rates fall in the future.

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