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Published: 15 Jun. 2023, 18:52
![A customer service center for a new installment savings account with high yields is open in Jung District, central Seoul, on Thursday. The savings account, offered by 11 commercial banks, will mature after a five-year term for a lump sum of 50 million won ($39,000). The account is available to those under 34 years of age, with up to 6 percent annual percentage yields for monthly deposits of 700,000 won, plus government subsidies. [Yonhap]](https://koreajoongangdaily.joins.com/data/photo/2023/06/15/277ffc35-502a-4883-a4dd-0bb8f8992744.jpg)
A customer service center for a new installment savings account with high yields is open in Jung District, central Seoul, on Thursday. The savings account, offered by 11 commercial banks, will mature after a five-year term for a lump sum of 50 million won ($39,000). The account is available to those under 34 years of age, with up to 6 percent annual percentage yields for monthly deposits of 700,000 won, plus government subsidies. [Yonhap]
with the Korea JoongAng Daily
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