have a savings account for housing is one of the first requirements for those who wish to apply for State housing benefits. In Chile, this type of account allows people to demonstrate their savings capacity and access different rental, purchase or construction subsidies. According to BancoEstado, accounts of this type are readjusted according to the variation of the UF, generating interest on the amounts deposited, which makes them a safe and stable savings tool against inflation.
The key requirement to access the savings account
One of the requirements most important to use a savings account in housing programs is their age. The accumulated balance is not the only thing that is considered: the money must have been deposited for at least 12 months before applying. This requirement guarantees that savings are sustained and real, demonstrating a long-term financial commitment. d
There are several subsidies that require having a savings account active.
- DS49 subsidy to build or buy homes of up to 950 UF.
- DS1 subsidy, Tranche 1 for homes of up to 1,100 UF.
- DS1 subsidy, Tranche 2 for homes of up to 1,600 UF.
- DS1 subsidy, Tranche 3 for homes of up to 2,200 UF.
- DS19 or Social and Territorial Integration Subsidy.
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Open a savings account For housing it is a simple and accessible procedure. BancoEstado, the most used entity in the country, allows you to do it in person or digitally. The requirements are: be a natural person, be over 18 years old, not have another account of the same type in the financial system and make an initial deposit of at least UF 0.5 (approximately $19,000).
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The savings account It is not only a condition to access subsidies, but also a way to promote financial education. Learning to organize income, allocate a portion of your salary to monthly savings and avoid unnecessary withdrawals are habits that strengthen the economic stability of families. In addition, being linked to the UF, the money maintains its value over time, which protects savings against market fluctuations.
