"Tie It Up Long-Term? I'd Rather Roll It Short"... 'Ultra-Short-Term Investment' Soars in Popularity

The first useful news is about ultra-short-term investments.

These days, it is a really difficult market to predict interest rates and the financial markets.

As a result, more people are looking to roll their money over the ultra-short term rather than tying it up for a long period.

Ultra-short-term savings products with maturities of around a month are gaining popularity.

A 31-day installment savings product from one internet-only bank surpassed 600,000 accounts just four months after its launch.

Another one-month savings product also sold over 1 million accounts in six months.

Issued notes, which are short-term financial products offered by securities firms, are also seeing a rapid increase in investment funds.

The total value of funds set in money market funds (MMFs), a representative short-term product, has also increased by more than 35 trillion won compared to the end of June.

Experts predict that the preference for short-term products will likely continue for the time being as it remains difficult to forecast the direction of interest rates and stock market volatility.
※ Please note: This article was translated by AI and may contain errors.