Foreign Currency Time Deposit with Special Interest Rate Plan
A first step to building a financial plan
Foreign Currency Deposit products may fall below the original amount in yen
Click here for more details
Foreign Currency Time Deposit with Special Interest Rate Plan
(the former Otameshi Gaika Plan)
- Preferred interest rate
- Short term, 1 month
- Deposit in Yen only
Interest Rate
We offer a higher interest rate for Foreign Currency Time Deposit with Special Interest Rate Plan than our regular 1 month Foreign Currency Time Deposit.
As of
As of
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
% p.a.
(% p.a. after tax)
- Please confirm the interest rate before making a transaction.
- A designated exchange rate including foreign exchange fee will be applied to converting a foreign currency into yen. Your principal will therefore be below the initial yen-denominated principal at the time of depositing if you invest it for one month only and then convert it into yen. This applies not only when yen has appreciated from the time of depositing but also when there has been no change in the foreign exchange rate.
Foreign Exchange Fees
Check out our reasonable exchange fees. For example, 0.06 - 0.15 yen per 1 USD.
- 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.
No conversion into yen at maturity!
You can deposit your money in a foreign currency until the exchange rate moves to your desirable rate.
Your money will be deposited to your foreign currency saving deposit account at maturity, allowing you to continue to invest your money without converting it into yen.
SBI Shinsei Bank has many foreign currency deposit products that do not require conversion into yen.
Please check those foreign currency deposit products.
Acceptable Customer Risk Level
Recommended currencies for customers with an acceptable risk level of 2-6:
US Dollar, Euro, Australian Dollar, New Zealand Dollar, Pound Sterling
Recommended currencies for customers with an acceptable risk level of 3-6:
South-African Rand, Chinese Yuan
Recommended currencies for customers with an acceptable risk level of 5-6:
Turkish Lira
Examples of interest calculation for 1 month foreign currency time deposit, "Foreign Currency Time Deposit with Special Interest Rate Plan" (after tax)
(EUR deposit)
EUR × ％ p.a. (before tax) × 30 days ÷ 365 days = EUR, EUR × 15.315％ (national tax) = EUR, EUR × 5％ (local tax) = EUR, EUR - EUR – EUR =EUR.
(AUD deposit)
AUD × ％ p.a. (before tax) × 30 days ÷ 365 days = AUD, AUD × 15.315％ (national tax) ＝ AUD, AUD × 5％ (local tax) = AUD, AUD – AUD – AUD = AUD.
- The examples of interest calculation is based on a simple calculation with 30 days for one month and 365 days for one year. The actual amount of interest you receive will therefore differ due to the number of days for calculating interest.
- The bank designated exchange rate which include foreign exchange fees will be applied when converting the deposited foreign currency into yen or other currencies. The amount of principal will therefore be below the amount deposited if principal is converted into yen at maturity, even if the foreign exchange rate remains the same.
- The interest rate will be applied for the initial first month only. The principal and interest will be deposited to the Foreign Currency Savings Deposit Account on the maturity date, and the interest rate for Foreign Currency Savings Deposit will be applied thereafter.
- The interest rate may change or this Foreign Currency Time Deposit may be terminated based on market conditions.
Application Information
| Deposit Period | 1 month | ||
|---|---|---|---|
| Deposit Method |
Internet banking*
|
||
| Deposit Amount |
More than 100,000 yen in increments of 1 yen. |
||
| Available Currencies |
|
||
| Maturity | Automatic
Cancellation |
||
| Currency Received at Maturity | Foreign currency
(same as original deposit) |
||
| Interest Payment Method | Interest shall be paid in a lump sum on maturity date. | ||
| Currency of Interest | Foreign currency
(same as original deposit) |
||
| Principal Guarantee | There is a risk of the loss of yen-denominated principal.
For details, please see here. |
||
| Deposit Insurance | Not covered by deposit insurance. | ||
US Dollar
Euro
Australian Dollar
New Zealand Dollar
Pound Sterling
Chinese Yuan
Turkish Lira
South-African Rand
The maximum amount for foreign currency deposit transaction
Setting up one-month foreign currency time deposit from yen deposit through PowerDirect has an upper limit of an amount equivalent to 10 million yen per transaction. A single transaction will be limited to the amount equivalent to 2 million Japanese yen from approximately 7:00 a.m. Saturday to around 7:00 a.m. Monday (JST)
Please read this document carefully
Click here for a deposit
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.