Home Youth savings calculator
Youth savings calculator
Turn a monthly deposit into the maturity amount, the government match, and tax-free interest.
Age 19–34, salary up to 60000000, household income at or under 200% of the median.
Paid at maturity
20,550,750
- You put in
- 18,000,000
- Government match
- 1,080,000
- Interest, untaxed
- 1,470,750
Rules as published for the June 2026 launch. A bank counts days, so the won can differ by a few hundred.
Why this exists
The bank rate alone does not show why this account is ahead. The monthly government match and the tax waiver make the gap.
The page shows the maturity amount and how many percent it grew past the deposits. It does not decide eligibility, and it only counts a term held to the end.
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01How to use it
Enter the monthly amount, the yearly rate, and the number of months, then pick general, boosted, or no match. Amounts above 500000 or terms past 36 months are refused.
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02What you get
The large figure is the maturity payment. Under it, the deposits, the match, and the interest sit in separate tiles. 500000 a month for 36 months at 5% on the general plan is 20550750.
Entered500000 a month, 36 months, 5%, general
Each month 500000 Months 36 Rate 5 Maturity 20550750 -
03Worth knowing
Interest on the match uses the lower of your rate and the 5% base. Early closure and a transfer from the previous youth account are not calculated. Eligibility is confirmed by the agency or the bank.
Questions
- QHow far is this from an ordinary account
- AAt 500000 a month for 36 months at 5%, the general plan pays 20550750, the boosted plan pays 21714000, and a taxed ordinary account pays 19173825.
- QDoes the match arrive once, at the end
- ANo. Each month adds 6% or 12% of that month’s deposit, and that money earns interest too.
- QMust I put in 500000 every month
- ANo. It is flexible. A smaller deposit brings a smaller match.
- QWhat if I close it early
- AThe match and the tax waiver can be lost. This page only counts a term held to maturity.
How this page works it out
The government adds a share of each monthly deposit, and the interest on this account is not taxed. Interest on the match uses the lower of your rate and the 5% base. A bank that counts days can differ by a few hundred.
500000 a month for 36 months at 5% on the general plan puts in 18000000, adds a match of 1080000 and interest of 1470750, and pays 20550750. That is 14.2% more than the deposits.
The boosted plan on the same terms pays 21714000, or 20.6% more. An ordinary account after 15.4% tax pays 19173825, or 6.5% more. Early closure and eligibility are left out.