Hello, I’m Rollin Pauline, and I’m always serious about financial information.
Today, let’s move on to the
list of recommendations for installment savings for the 20s. The list of installment savings for the 20s, which I am organizing from now on, has been ranked as objectively as possible, but it may be subjective depending on the view, so I would appreciate it if you could keep that in mind.
And the installment savings we will introduce today may change some of the interest rates over time, so please refer to the bank’s website for more information.
1. Woori General Finance High-Period Installment Savings
The first item recommended for the 20s installment savings to be introduced is “High Regular Installment Savings” from Woori Financial Group. You can receive up to 10% annual interest rates, including preferential interest rates. Please check below for detailed conditions.
Unable to re-join due to one account per person only
Subscription period: 12 months
Subscription amount: 10,000 won to 100,000 won per month
Interest Payment: Monthly Payment
Base rate: 2%
preferential interest rate terms
1. 4% preferential treatment for first-time subscribers of Woori Financial Group
2. 1% preferential treatment for those who agree to receive marketing
3. After opening an linked CMA account, 2-3% preferential treatment for maintaining the balance
The terms of the preferential interest rate are as above. If you have never made an account with related affiliates such as Woori Bank or Woori Investment, a 4% preference will be set. You can earn 1% with marketing consent.
One tricky thing is to keep your CMA account balance. If you maintain an average of 1 million won per month, it will be 2% if you maintain 1 million won to 5 million won, and 3% if you maintain more than 5 million won.
The concept is to recommend installment savings for people in their 20s, so I don’t think 5 million won per month is enough. If you put in about 1 million won for a part-time job or a beginner’s salary, you’ll get 2%, right?
For your information, this installment savings account will only be accepted for 30,000 accounts and the special sale will be closed, so if you are interested, please check the website below.
Find out more
2. K-Bank Hot Deal Installment Savings
The K-Bank Hot Deal Installment Savings is also a good list that increases the annual interest rate to 10% if the preferential interest rate is included.
However, the basic interest rate is slightly lower at 1.8% compared to Woori Bank’s installment savings introduced earlier. Please check the detailed conditions below.
Subscription period: 1 year
Subscription amount: 10,000 to 200,000 won per month
Base Rate: 1.8% per annum
preferential interest rate terms
1. If you sign up for new K-Bank or agree to marketing, 0.5% preferential treatment
2. If you have more than 200,000 won in card performance within 2 months after registering for installment savings, 4.2% preferential treatment
5.7% preferential treatment if you have more than 2.4 million won in card performance two months before the expiration of the installment savings
(Card type: Standard of Woori Card UNTACT, DISCOUNT, POINT)
(Applies either 4.2% or 5.7%)
3. Automatic transfer to Woori Card’s standard, 2% preferential treatment for 6 months of public transportation performance
Certainly, the conditions are more difficult than Woori Bank’s 10% installment savings. Especially, there are many people who don’t use K-Bank as their main bank, so it’s a little ambiguous.
If you don’t have to use your old card anymore, K-Bank installment savings seem fine.
And since the usage performance is around 200,000 won per month, I picked it as a recommendation for installment savings for those in their 20s. Usually, you ask for at least 300,000 won or up to 500,000 won to receive these benefits. If you are a beginner in society or in your early to mid-20s, it is not easy to meet this amount on purpose.
However, in the case of K-Bank Hot Deal installment savings, you only need to use 2.4 million won two months before the expiration of the installment savings. If you divide 2.4 million won by 10 months, it will be about 240,000 won. You get preferential interest rates at a low level, so if you can, you should try.
Read more about K-Bank information
For your information, K-Bank’s Hot Deal installment savings are only accepted for 35,000 accounts, and no more after that. If you were interested, you should check it out quickly.
3. Woori General Finance The Dream Regular Installment Savings
The third list recommended for installment savings in the 20s is “The Dream Regular Savings 3” released by Woori Financial Group. Including the preferential interest rate, it’s up to 8.5%, so it’s pretty good. Let’s see if there are any conditions.
Subscription period: 6 months
Base rate: 2%
Preferential rate:
Payment amount: 10,000 won to 200,000 won per month
preferential interest rate terms
1. After creating a linked CMA account, keep the balance for 6 months
– If you maintain an average of 5 million won, 0.5% preferential treatment
– If you maintain an average of 10 million won, 0.8% preferential treatment
– If you maintain an average of 30 million won, 1.2% preferential treatment
2. Our first transaction customer: 1.5% preferential treatment
3. 1% preferential treatment when transferring salaries to linked CMA accounts
4. 0.5% preferential treatment in case of marketing consent
5. Preferential treatment according to the performance of the CMA linked check card
– If you use 2 to 3 million won by the expiration date, 0.5% preferential treatment
– If you use more than 3 million won by the expiration date, 0.8% preferential treatment
6. If an acquaintance I recommended joins, 1.5% preferential treatment
There are a lot of preferential conditions for this installment savings.
Among them, I think there are two, three, and four things that people in their 20s can easily achieve. Since the basic interest rate is 2%, you can enjoy at least 5% installment savings even if you meet the conditions 2 to 4.
Here, if you are a beginner in your 20s, you can get an additional 1% by transferring your salary account. If you have extra money, you can put 5 million won in your CMA account and get 0.5% more, right?
However, I personally think that it is necessary to put 500 in a low-interest CMA. It’s a six-month short-term installment savings anyway, and I think it’s better to put the money in the CMA in a parking account like Toss Bank and eat a 2% interest rate.
This will be more important as the amount increases.
Going to see “The Dream” installment savings account
4. Shinhan Bank, Shinhan Hi, Nice to meet you, installment savings
So far, the list of recommendations for the top 20 installment savings has tilted a lot toward Woori Bank’s affiliates. To avoid information bias, we brought Shinhan Bank’s installment savings this time. It is possible up to 4.4% including preferential interest rates.
As the name suggests, it is a very advantageous installment savings for those who do not have a Shinhan Bank transaction account. The advantage is that the subscription limit is 500,000 won, which is higher than other banks.
Subscription period: 12 months
Subscription amount: 1,000 won to 500,000 won per month
Base rate: 1.4%
preferential interest rate terms
2% preferential treatment for one of the following achievements and 3% preferential treatment for two achievements:
1. First installment savings: Shinhan Bank’s deposit has not been subscribed for the past year
2. First salary: No salary transfer to Shinhan Bank in the past year
3. Shinhan Card: Apply for card issuance after signing up for installment savings
– New issue
– Three months have passed since Shinhan Card left
– Shinhan Card Expires
– Only possible in all of these cases
4. Coupon Event: No savings from Shinhan Bank over the past year
Shinhan Hi, Nice to meet you, installment savings is literally an installment savings to attract Shinhan Bank customers. Can you see that the preferential terms themselves are all aimed at new targets in the first place?
Personally, if Shinhan Bank doesn’t have a deposit and doesn’t have a card, I think it’s worth staring at. However, since Woori Financial Group and K-Bank installment savings, which we introduced earlier, give 10% interest rates per year, I don’t think we have to choose this.
However, please note that the previous installment savings are special sales, so you can no longer sign up if a certain amount is filled.
Hi, Shinhan. Nice to meet you. Learn more about installment savings
5. Woori Financial Group’s tight installment savings
This is the last item to recommend installment savings for the 20s. I wanted to deal with various financial sectors, but interest rates are all too low at the moment. All the high things are concentrated in our comprehensive finance.
The tightening installment savings, including the preferential interest rate, will cost up to 4.75% of the interest rate.
Subscription period: 12 months
Basic interest rate: 2.75%
Payment amount: 100,000 won to 1 million won per month
preferential interest rate terms
1. After creating a CMA account, maintain an average balance
– Monthly average of 5 million won or more, 0.2% preferential treatment
– Monthly average of more than 10 million won, 0.3% preferential treatment
– Monthly average of 30 million won or more, 0.5% preferential treatment
2. Select one of the following to receive preferential treatment (up to 0.5%):
– Join together: 2 (0.2%), 3 (0.3%), 5 (0.5%)
– Office worker: Employee ID/business card proof (0.2%) + salary transfer (0.3%)
– Senior citizens: 50 years of age or older (0.3%), 60 years of age or older (0.5%)
– Prospective parents: first childbirth (0.2%), second childbirth (0.3%), third childbirth (0.5%)
– Woori Financial Group’s preferential treatment: Woori Bank’s account (0.2%), Woori Card’s (0.3%)
– Once again: Resignation of a tighter installment savings (0.5%)
The preferential interest rate conditions seem complicated, but you don’t have to worry too much. We’re in our 20s, so we just need to look at a few things.
In fact, it seems that 5 million won or 10 million won is possible to maintain the CMA balance.
Among the optional 2 options below that, the preferential treatment for office workers or Woori Financial Group will be easy. If you are a beginner in society, you can get 0.2% preferential treatment just with your employee ID, and up to 0.5% is possible if you transfer your salary.
Creating a Woori Bank account and card in advance is another way to get 0.5% preferential treatment.