Foreign Currency Deposit / Foreign Currency Structured Deposit

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9 products and 13 foreign currencies.
Access all day every day online or by phone. The foreign exchange market is also accessible 24 hours a day.

Product Foreign Currency
Savings
Deposit
Foreign Currency
Time
Deposit
PowerBuilder PowerSupport
Plus
2Weeks Maturity
Foreign Currency
Deposit
Learn more
(Japanese site)
Learn more
(Japanese site)
Learn more
(Japanese site)
Learn more
(Japanese site)
Learn more
(Japanese site)
Currency Yen        
USD
EUR
AUD
NZD
GBP  
CAD    
HKD    
SGD      
ZAR      
NOK      
CNY      
BRL      
TRY      
Depositterm minimum

1,000yen

1 mo-1 yr

10 currency
units

6 mo-3 yr

10,000
yen/mo

6 mo/1 yr

5,000 USD
/EUR/GBP
10,000 AUD
/NZD/CAD

2 weeks

1,000
USD/EUR
/AUD/NZD

  • The minimum deposit stated above is equivalent to the standard yen amount, what is might have been had the account originally been in a foreign currency.
  • In PowerSupportPlus the availability of the yen is indicated by "" meaning that the currency may be switched to yen during the lifetime of the deposit account. Please note that the initial deposit is cannot be made in yen.

A "complicated structured deposit" is a financial product which entails risks similar to those of derivative products. Therefore, when taking into consideration the customer's age, etc., the Bank may have to decline orders for complicated structured deposits. Moreover the Bank may have to decline to give an explanation about such product details.

Product Power Step Up
Gaika Teiki 2
Powered Teiki Powered Teiki Plus Powered Teiki Three
Learn more
(Japanese site)
<Structured Deposit>
Learn more
(Japanese site)
Learn more
(Japanese site)
Learn more
(Japanese site)
Currency Yen        
USD  
EUR      
AUD
NZD  
GBP        
CAD        
HKD        
SGD        
ZAR      
NOK        
CNY        
BRL        
TRY        
Minimum
Deposit Term
5 years
(min. 1yr)

5,000
USD/AUD/NZD

1 mo-1 yr

300,000yen

3 yr/5 yr

300,000yen

2 yr

300,000yen

  • The minimum deposit stated above is equivalent to the standard yen amount, what is might have been had the account originally been in a foreign currency.
  • Terms and conditions for Powered Teiki as given above assume a yen-based account.

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Regarding Foreign Currency Deposit

  • 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.
  • 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 rate of such one-way exchange fees is 5.5 yen per unit. For a direct non-JPY 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 Shinsei 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 that Shinsei 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).
  • Shinsei Bank does not accept or offer cash transactions of foreign currencies.
  • Fees will be charged for 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 branches and online so that they can fully understand characteristics of the foreign currency deposits. Customers bear full responsibility for their investment decisions, and are encouraged to only invest surplus funds.

Shinsei Bank, Limited / No.10 Registered financial institution of Kanto Local Finance Bureau
Member of Japan Securities Dealers Association and the Financial Futures Association of Japan

Power Step Up Gaika Teiki 2

  • Shinsei Bank may change the applicable interest rates or discontinue this deposit as a result of changes in market conditions.
  • Foreign currency deposits carry foreign exchange fluctuation risks. There is possibility of a foreign exchange loss when you convert foreign currency back to your home currency. Therefore the amount in your home currency may be less than the amount of currency deposited.
  • The Bank-designated exchange rates which include foreign exchange fees will apply. Therefore, without foreign exchange fluctuation, there is a foreign exchange loss.
  • Deposits must be made in a lump sum from a savings account of the currency to be deposited.
  • Early cancellations are in principle not allowed. In exceptional circumstances where the Bank agrees to early termination at the request of the customer, an amount calculated by the Bank, corresponding to the amount required to fund the deposit from the cancellation date to the final maturity date including any associated fees, will be deducted from the principal. The remaining principal will be deposited to the customer's PowerFlex savings account of your deposited currency. In such instances, the amount credited is very likely to be less than the amount of the initial principal deposited.
  • The term of the U.S. dollar / Australian dollar / NZ dollar denominated deposit is up to five years in principle, but one year at the earliest. The Bank will decide whether or not to advance the maturity, in principle on the tenth business day prior to the annual interest payment day, which is one year after the deposit date. If the decision is made to advance the maturity, the interest payment date immediately following the decision will become the maturity date. Each subsequent year, in principle on the tenth business day prior to the next interest payment date, the Bank will make a similar decision on whether to advance the maturity.
  • After the maturity, the matured funds will be credited to a savings account of your deposited currency, and Shinsei Bank's displayed interest rate on such a currency's savings account will apply.
  • Foreign currency in cash is not available. The Bank charges a commission on foreign currency transfers.
  • The overdraft service does not apply to this deposit.
  • This deposit is not covered by deposit insurance.
  • When applying to purchase this deposit, please make sure to read and understand the product brochure (explanatory materials exchanged prior to concluding the contract) so that you can fully acknowledge the product features and make your own judgment to apply with investable assets.

About Powered Teiki

  • PowerFlex account holders may open a Powered Teiki account.
  • Deposit amount: 1 million yen (in units of one yen) or the equivalent in another currency.
  • Term: 1 month, 3 months, 6 months,1 year.
  • There is no automatic extension of this account.
  • The maturity date corresponds to the day of the month when the deposit was made. When the relevant date is a bank holiday or a holiday overseas, the maturity date will be the succeeding business day.
  • The Interest rate and the strike rate are determined according to the currency market.
  • Determination on payout currency at maturity: Shinsei Bank will make a judgment based on the exchange rate between the yen and the alternative currency at 3 p.m. Tokyo time 2 business days before the maturity date.
  • Applications made later than 2 p.m. on a bank business day will be considered a transaction on the following business day.
  • Should the original yen amount be exchanged to an alternative currency, the matured amount converted in yen might be below the original deposited yen amount depending on the market rate.
  • Cancellation before maturity is not permitted in principle.
    If we find it necessary to accept a cancellation before maturity, we will cancel the deposit and any additional amount, and will deduct the cost of restructuring the deposit and other costs incurred by the Bank for the period from cancellation to maturity. The remainder will be credited to your PowerFlex yen savings account. Please note that the principal is not guaranteed.
  • If the account is in a foreign currency at maturity and you wish to exchange this for yen, the exchange rate specified by our Bank (TTB) will apply and a exchange fee will be charged. Therefore, even without exchange rate fluctuations the yen equivalent of the amount a customer receives in a foreign currency may be less than the original yen principal before it was charged to the foreign currency.
  • Brochures are available at Shinsei Financial Centers.
  • Foreign currency deposits are not covered by deposit insurance.

About Powered Teiki Three

  • Powered Teiki Three contains a currency option. If either the actual AUD-JPY or JPY-NZD market rate as of 3:00 p.m. Tokyo time on the day two business days prior to the maturity date is lower (i.e. the yen has strengthened) relative to the AUD or NZD contract rate, the principal will be converted to AUD or NZD at the previously determined contract rate and deposited in the customer's foreign currency account (this conversion rate may differ from the prevailing market rate at maturity). This conversion may therefore be made at a rate that is disadvantageous relative to the prevailing market rate at maturity. If both the actual JPY-AUD or JPY-NZD market rates are lower (i.e. the yen has strengthened) relative to the AUD or NZD contract rates, the principal will be converted to the currency with the largest depreciation versus JPY and deposited in the customer's foreign currency account in that currency.
  • Please confirm the contract rate on the "Confirmation?Emailed after the deposit date.
  • The contract rate will be fixed at 3:00 p.m. Tokyo time on the contract date.
  • In principal, early cancellations are not allowed. For early cancellations in cases that Shinsei Bank accepts as unavoidable, an amount calculated by Shinsei Bank corresponding to the amount required to fund the deposit from the cancellation date to the maturity date and any associated fees will be deducted from the principal, and the remaining principal will be deposited to the customer's yen savings account. In such instances, the amount deposited is very likely to be less than the amount of the initial principal deposited.
  • When foreign currency received upon maturity is converted to yen, Shinsei Bank's TTB rate (rate for converting foreign currency to yen) inclusive of foreign exchange commissions will be applied. Therefore, even if the exchange rate does not move after receiving the foreign currency, the yen amount received may be less than the yen amount of the initial principal.
  • When subsequently converting foreign currency received to yen, exchange rate movements may result in a foreign exchange loss, in which case the yen amount received will be less than the initial principal.
  • Deposit insurance will cease to apply when foreign currency received upon maturity is held in the foreign currency.
  • The respective ordinary savings account rates posted at branches will be applied for principal deposited in yen or foreign currency accounts after maturity.
  • Cash withdrawals in foreign currencies are not permitted. Separate commissions will be applied to foreign currency fund transfers.
  • Please confirm the contents of the explanatory materials (documents to be exchanged prior to the conclusion of a contract), which are available at Shinsei Bank branches and via the Shinsei PowerCall call center.
  • The interest rate indicated is as of Feb.8, 2008. After Feb. 8, the applicable interest rate will be adjusted daily based on market rates.
  • Interest rates for this may product may change, or Shinsei Bank may cease to offer this product, depending on market developments.