Korean word

적금

Pronunciation

Romanizationcheokkkeum

Meaning

  • nounsavings plan

Example

매달 적금을 넣고 있어요.mae dal cheok kkeu meul neo ko i sseo yo

I put money into my savings plan every month.

Illustration for 적금 (savings plan)

More examples

급하게 돈이 필요해서 적금을 해지했어요.keu pa ge to ni pi ryo hae seo cheok kkeu meul hae ji hae sseo yo

I canceled my savings plan because I urgently needed money.

Core concept

Small, repeated deposits gather into one larger payment of principal and interest when the agreed period ends.

Common phrases

  • 적금 해지cheok kkeum hae ji

    cancel a savings plan

  • 적금 금리cheok kkeum keum ni

    savings plan interest rate

Similar words

저축cheochuk: Money set aside over time for future use.
예금yegeum: Money placed in a bank account for later withdrawal or interest.
정기예금cheonggiyegeum: A bank deposit keeps one lump sum until a fixed date and pays interest.
적립식예금cheongnipssigyegeum: A deposit method builds a balance through equal payments made on a regular schedule.

Definition in Korean

매달 일정 금액을 약정하여 은행에 넣고 만기 때 원리금으로 받는 저축 상품.mae dal il jeong keu mae geul yak jjeong ha yeo eun haeng e neo ko man gi ttae wol li geu meu ro pan neun cheo chuk sang pum

Word origin

The name combines elements meaning accumulate and money, which gives a clear picture of money being gathered over time.

Usage tips

  • This word is useful when talking about a formal bank plan, rather than simply putting money aside at home or in a regular account.

Opposites

Related words

  • 적금통장cheokkkeumtongjanginstallment savings passbooknoun

Word lists with this word