Power Support Plus
Foreign Currency Time Deposit

PowerSupport Plus

• 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.
• As the conversion rates of foreign currencies into yen (foreign exchange rates) fluctuate, foreign currency 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.
• The Bank-prescribed exchange rate including currency exchange fees shall apply when depositing/withdrawing yen into/out of foreign currency deposits. 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 currency unit and 11 yen per currency unit respectively. For a direct non-JPY cross currency exchange, the Bank-designated currency 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 currency exchange fees and applied interest rates, even if foreign exchange rates do not fluctuate. Preferred rates of Step Up program shall not apply to transactions exchanging currencies or paying interest in the PowerSupport Plus program.
• Deposits shall be made in a lump sum from yen savings deposit or foreign currency savings deposit. The currency to be deposited for PowerSupport Plus shall be specified at the time of depositing.
• When switching currency during the deposit term, the contractual interest rate for the changed currency on the date of change shall apply on and after the change. For any inquiries about specific interest rates, contact our call center, PowerCall or access our online banking service, PowerDirect.
• PowerSupport Plus is not covered by deposit insurance.
• Cancellation before maturity is not allowed in principle. If the Bank agrees to the cancellation prior to the maturity for any reason that the Bank deems justifiable, the Bank shall pay only the residual amount after deducting the total amount of interim interest payments already made from the deposit principal based on the Bank-prescribed calculation method.
• The principal shall be credited, without any change to the currency on the maturity date, into a PowerFlex savings deposit in the same currency. On and after the maturity date, the posted interest rate on savings deposit of the relevant currency shall apply.
• 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 PowerSupport Plus, customers should carefully read the product description of PowerSupport Plus (pre-contract document) that is available in branches and online so that they can fully understand characteristics of PowerSupport Plus.