As a result of successive base rate hikes, the interest rate of the Comprehensive Housing Subscription Savings, which has been tied at 1.8% for 6 years, will finally rise.
I've seen many articles that the increase is only 0.3 percentage points.
The interest rate will rise from 1.8% to 2.1% from this month.
If you put 10 million won in the subscription savings account, you will receive an additional 30,000 won in interest per year.
Although interest rates have risen, it is pointed out that the actual rate of return is still negative considering the recent inflation rate.
The government is of the opinion that it is difficult to raise interest rates recklessly like commercial banks.
The funds raised by subscription savings are used for housing welfare projects such as low-interest-rate jeonse loans for the common people.
In addition, the amount deposited in the subscription account cannot be used with a small amount until it is canceled.
As a result, some are calling for partial withdrawals rather than interest rate hikes.