Check Who Can Apply for Youth Future Savings Round 2 and by When
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Key Takeaway
Round 2 applications for Youth Future Savings run from October 7 to 16, 2026. People aged 19 to 34 apply in a bank app, then open the account November 16 to 27. Your income bracket sets the government contribution.
How are the application days divided?
Under the Financial Services Commission guidance, application days are divided by the last digit of your birth year.
| Date | Who can apply |
|---|---|
| October 7 | Last digit of birth year is odd |
| October 8 | Last digit of birth year is even |
| October 12 to 16 | Anyone, regardless of birth year |
Check each institution's notices for app hours and the number of accounts available at each institution. Kakao Bank is described as accepting up to 100,000 accounts during the Round 2 recruitment period.
Who can join?
The age range is 19 to 34 as of the joining date. In this enrollment period that means people born from November 17, 1991 to November 27, 2007. If you completed military service, up to 6 years of service is subtracted when calculating your age.
Income is reviewed for the previous year, 2025, and joining is restricted if you were subject to comprehensive taxation on financial income in any of the previous three years. Whether you can join and whether you get a government contribution depend on the bracket that meets the annual income or sales and the household median income conditions together. The Financial Services Commission's table divides them like this.
| Type | Annual income or sales | Household median income (dual-earner 2-person household) | Government contribution |
|---|---|---|---|
| General: general earners | Total salary up to KRW 60 million (comprehensive income up to KRW 48 million) | 200% or less (250% or less) | 6% |
| General: small business owners | Annual sales up to KRW 300 million | 200% or less (250% or less) | 6% |
| Preferential: new employees at small and medium-sized enterprises | Total salary up to KRW 60 million (comprehensive income up to KRW 48 million) | 200% or less (250% or less) | 12% |
| Preferential: current employees at small and medium-sized enterprises | Total salary up to KRW 36 million (comprehensive income up to KRW 26 million) | 150% or less (200% or less) | 12% |
| Preferential: small business owners | Annual sales up to KRW 100 million | 150% or less (200% or less) | 12% |
| No contribution (tax benefits only) | Total salary over KRW 60 million up to KRW 75 million (comprehensive income over KRW 48 million up to KRW 63 million) | 200% or less (250% or less) | None |
If you fall into none of the brackets in the table, you cannot join. Even a small business owner with annual sales above KRW 300 million can join as a general earner if comprehensive income is KRW 63 million or less. A dual-earner 2-person household means two people, you and your spouse, on the resident registration, both with National Tax Service income on record.
What are the product terms?
It is a free-deposit savings product with a 3-year term, and you can pay in up to KRW 500,000 a month. The Financial Services Commission material describes a structure of a 3-year fixed rate with a base of 5% plus preferential rates. The interest income tax exemption applies to every bracket in the table above.
The government contribution is described as 6% for the general type and 12% for the preferential type, but it applies only to people whom review classifies into that type by meeting both the annual income or sales and household conditions in the table. It is not an amount paid to everyone who joins.
If you apply as a small business owner, get small business owner certificates for all the businesses you operate before you apply, and check their validity periods.
When are the review and account opening?
- Joining review: October 19 to November 13
- Account opening: November 16 to 27 (excluding Saturdays and Sundays). You cannot open an account after this period.
What if you already have a Youth Leap Account?
The order is to pass the Youth Future Savings joining review, open the account, and then apply for special early termination of the Youth Leap Account. The guidance says the government contribution and tax-exempt benefits on your existing account are kept. If you don't complete the termination procedure within the period, you cannot make payments into Youth Future Savings and must close the account you opened.
What should you prepare in advance?
The Financial Services Commission guidance says applying goes more smoothly if you install the participating institution's app, sign up, complete identity verification and open a checking account in advance. At the application step you pick your own type from general earner, SME employee and small business owner, so check your bracket in the income table above and decide on your type first. If your employment at a small or medium-sized enterprise is hard to confirm, you may be asked for extra documents such as an SME certificate. The participating institutions are Nonghyup, Shinhan, Woori, Hana, IBK, KB Kookmin, Suhyup, iM, Busan, Gwangju, Jeonbuk, Kyongnam, Kakao and Korea Post, and Toss Bank joins from Round 3.
When will you find out the review result?
The tentative schedule announced is preliminary review results from October 30 to November 2, appeals from November 2 to 5, and final results notified individually on November 12 and 13. The internal review schedule can change, so watch your app notifications and text messages.
Where can you ask questions?
You can ask the Korea Inclusive Finance Agency's Youth Finance Call Center at 1397 (press 3). Schedules and rates can change, so check the Financial Services Commission's notices and the participating institution's app guidance again before you apply. The date checked is 2026-10-08.
Frequently Asked Questions
Is joining complete once I apply?
No. The Financial Services Commission guidance divides it into three steps: application, review and account opening. Even if you pass the review, you cannot join unless you open the account between November 16 and 27.
Is it first come, first served?
No. If you apply during the application period, you go through review regardless of order. However, on October 7 and 8 the application days are split by the last digit of your birth year.
Can I hold it together with the Youth Leap Account?
Holding both is not possible. Youth Leap Account holders can switch by passing the Youth Future Savings review, opening the account, and then applying for a special early termination.
Sources & Verification Date
- Round 2 applications open October 7! Youth Future Savings (Financial Services Commission, 2026-10-01) · Verified
- Round 2 applications for Youth Future Savings open on the 7th: easy through your bank's app (Policy Briefing) · Verified
All materials have been verified from official announcements and may have changed since verification.