Foreign Currency Deposit
Easy online transactions, anytime, anywhere
Start saving with our Foreign Currency Deposit
You can choose how long you want to save for and enjoy our attractive interest rate.
Interest rate
| Product name and terms | Foreign Currency Time Deposit | |||
|---|---|---|---|---|
| 1 year | 2 years | 3 years | 5 years | |
| USD | % (%) |
% (%) |
% (%) |
% (%) |
| EUR | % (%) |
% (%) |
% (%) |
% (%) |
| AUD | % (%) |
% (%) |
% (%) |
% (%) |
| NZD | % (%) |
% (%) |
% (%) |
% (%) |
Annual interest rate: As of
The figures in parentheses represent the annual rate after-tax.
- Examples of interest calculation for "2 weeks maturity foreign currency deposit" (after tax)
(USD deposit)
USD × ％ p.a. (before tax) × 14 days ÷ 365 days = USD, USD × 15.315％ (national tax) = USD, USD × 5％ (local tax) = USD, USD - USD – USD = USD.
Please check the latest interest rate for other currencies and terms.
Extensive Line-up of Foreign Currency Products
Instant transactions and 24/7 access to your account.
Easy online transactions.
Period
None
Minimum deposit amount
more than 1 subsidiary currency unit
e.g. 0.01 USD*
Get started with a short term foreign currency deposit.
Period
2 Weeks
Minimum deposit amount
1,000 basic units of currency
e.g. 1,000 USD
The ideal deposit for starting a foreign currency time deposit from Japanese yen.
Period
1 mth
Minimum deposit amount
100,000 JPY
Switch currencies as you wish (including Yen)
Period
6 mths/1 year
Minimum deposit amount
[USD, EUR, GBP] 5,000
basic units of currency
[CAD, AUD, NZD] 10,000
basic units of currency
Attractive interest rates with deposit terms from 1 month to 5 years.
Period
1, 3, 6 mths/1, 2, 3, 5 years
Minimum deposit amount
more than 10 basic units of currency
e.g. 10 USD
- *
-
[Transactions between Yen and Foreign Currency] Minimum amount of at least 1,000 yen
[Cross Currency Transactions] Minimum amount of at least 10 basic currency units
For details, please see here.
Our Foreign Currency Exchange Rate
Easy transactions with our foreign exchange fees
For example, 1 USD to JPY (one way)
 |
 |
 |
 |
 |
|---|---|---|---|---|
| 0.06yen | 0.07yen | 0.09yen | 0.09yen | 0.15yen |
Five stages of Step Up Program will be offered depending on transaction levels.
As of November 17, 2023
Access All Day Every Day
Exchange rate based on market conditions
Transactions are possible online or by phone. We adapt readily to market changes.
In the event of drastic market fluctuation, foreign exchange rates posted by the Bank may differ significantly from prevailing exchange rates.
Bilingual Contact Center
Please contact us via the various web forms on the Inquiries page.
We will respond by either email or by phone on weekdays from 9:00 to 17:00 (Japan time).
Regarding foreign currency deposits
- As the conversion rates of foreign currencies into yen (foreign exchange rates) fluctuate, foreign exchange deposits carry a risk of loss of yen denominated principal resulting from exchange rate fluctuations when converting foreign currencies back into yen.
- In the event of high market volatility, system malfunctions, etc., the foreign exchange rates applied by the Bank may differ significantly from prevailing market rates. Customers are urged to confirm the foreign exchange rates to be applied to any such transactions.
- Foreign exchange fees apply when depositing/withdrawing yen into/out of foreign currency accounts. Unconventional currency exchange fees may be applied in the event of drastic foreign exchange rate fluctuations or when major markets are closed. The maximum rates of such one-way exchange fees and round-turn exchange fees are 5.5 yen per unit and 11 yen per unit respectively. For a direct non-yen cross currency exchange, the foreign exchange fees will be 0.02 multiplied by one of the currencies.
- There is a risk of loss of yen denominated principal due to the application of foreign currency exchange fees and applied interest rates, even if foreign exchange rates do not fluctuate.
- Preferred rates of Step Up program are applied to transactions changing yen to a foreign currency and vice versa. (n.b. Preferred rates are not applicable to transactions between non yen foreign currencies or when the outstanding foreign currencies balance is converted to yen as part of closing an account. Additionally, preferred rates are not applicable in exchanging currencies or paying interest in the PowerSupport Plus program, or purchasing foreign currencies through the PowerBuilder program.)
- Foreign currency deposits are not guaranteed by deposit insurance.
- In principle, foreign currency denominated time deposits may not be cancelled before maturity. However, in the event the Bank recognizes extraordinary circumstances and deems the cancellation of foreign currency denominated time deposits before maturity as unavoidable, only principal amounts will be refunded (interest thereon will not be honored).
- Interest is subject to 20.315% withholding tax (national tax 15.315% and local tax 5%). The fractional figure of the after-tax interest rate shall be rounded down.
- Principal and interest of foreign currency time deposits shall be credited into PowerFlex savings deposits of the same currency on the maturity date without converting into another currency. The savings deposit interest rate for the same currency will be applied on and after the maturity date.
- Cash in foreign currencies and foreign currency remittances are not available at our branches.
- Fees will be charged for foreign currency remittances.
- Handling Fee will be charged for incoming foreign exchange remittances.
- Application to GoRemit overseas remittance service must be made before making foreign currency remittances.
- Before investing in foreign currency deposits customers should carefully read the product description of foreign currency deposits (pre-contract document) that is available in the Bank branches and online so that they can fully understand characteristics of the foreign currency deposits.