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7 products and 10 foreign currencies.
Access all day every day online or by phone. The foreign exchange market is also accessible 24 hours a day. |
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| Product |
Currency |
Minimum
~ Maximum
interest
（p.a.e.g.） |
Deposit term,
minimum |
| Yen |
USD |
EUR |
AUD |
NZD |
GBP |
CAD |
HKD |
SGD |
ZAR |
NOK |
Foreign Currency Savings Deposit
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0.05%
(USD)
~5.5%
(ZAR) |
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| 1,000yen |
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Foreign Currency Time Deposit
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0.1%
(SGD 1mo)
~10.5%
(ZAR 1yr) |
| 1 mo-1 yr |
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| 130-1,650 yen |
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PowerBuilder
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1.5%
(USD)
~5.0%
(NZD) |
| 6 mo-3 yr |
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10,000 yen/mo
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PowerSupportPlus
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1.25%
(USD)
~5.25%
(NZD) |
| 6 mo/ 1 yr |
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| 500,000 - 830,000yen |
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Powered Teiki
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3.20%
(EUR 1yr)
~14.99%
(ZAR 3mo) |
| 1 mo-1 yr |
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| 300,000 yen |
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Powered Teiki Plus
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2.40%
(USD 3yr)
~4.64%
(AUD 3yr) |
| 3 yr/ 5 yr |
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| 300,000 yen |
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Powered Teiki Three
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4.61%
(Yen AUD NZD) |
| 2 yr |
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| 300,000 yen |
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Powered Teiki NEO
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1.0%
~5.0%
(AUD) |
| 6 mo-5 yr |
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| 3,000,000 yen |
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| * |
Interest above is as of November 18th, 2008. (before tax). Powered Teiki is as of May 29,2008,Powerd Teiki Plus and Powered Teik Three is as of August 5,2008. |
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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. |
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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.
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Terms and conditions for Powered Teiki as given above assume a yen-based account. |
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< Products which stopped booking >
Power Chance /
Power Trial /
Power Link
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Foreign currency is not available in cash. |
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Interest rates are given on a before-tax basis, and are subject to 20% withholding tax. |
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Foreign currency deposits may fall below the original yen principal due to losses resulting from exchange rate fluctuations. |
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The exchange rate designated by our Bank shall apply to deposits and withdrawals.
Therefore, the yen equivalent of the foreign currency principal may fall below the original yen principal even without exchange rate fluctuations. |
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Foreign currency deposits are not covered by deposit insurance. |
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Foreign currency time deposits cannot be cancelled before maturity. |
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Brochures are available at our branches for further information regarding foreign currency deposits. |
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Interests are stated on a before tax basis, and are subject to 20% separate withholding tax. |
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Cancellation before maturity is not permitted. If we find it necessary to accept cancellation before maturity, we will cancel the deposit and the remaining amount which we will deduct deposit restructuring amount and other costs occurred to the bank during cancellation day to maturity day, which is calculated by our original formula, will be credited to your PowerFlex Yen savings account. Please note that in this case, your principal is not guaranteed. |
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Currency option is involved for Powered Teiki Plus and in case the Yen is weaker or same as the "Strike rate" on 2 business days prior to the maturity day, receiving currency of principal will be Yen. In case the Yen is stronger than "Strike rate", principal of Yen will be converted in alternate currency at "Strike rate". Each receiving principal will be deposited to Yen or Foreign currency savings account. |
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You may make a choice within the bank's prescribed condition (interest rate, term of deposit, and "Strike rate"). |
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In case you receive in alternate currency at maturity and later convert it in Yen, foreign exchange handling comission will be applied (one-way 1 yen. Holidays may differ) with TTB rate designated by our bank. |
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In case you receive in alternate currency at maturity and later convert it in Yen, principal may be below the original deposited Yen amount depending on the market rate. |
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In case you receive in alternate currency at maturity deposit is not covered by Deposit insurance.
* Interest rate and strike rate defined on the day of deposit will be changed by the market environment.
* The principal is paid in Yen or foreign currency at maturity to the savings account. Foreign currency in cash is not available.We charge a commission on foreign currency transfers. |
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Please read the Product Description carefully and understand the product well before opening the time deposit by your judgment and responsibility.Confirm that the purchase amount does not exceed your excess fund.Brochures are available at our branches for further information regarding Powered Teiki Plus deposits. |
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PowerFlex account holders may open a Powered Teiki account. |
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Deposit amount: 1 million yen (in units of one yen) or the equivalent in another currency. |
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Term: 1 month, 3 months, 6 months,1 year. |
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There is no automatic extension of this account. |
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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. |
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The Interest rate and the strike rate are determined according to the currency market. |
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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. |
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Applications made later than 2 p.m. on a bank business day will be considered a transaction on the following business day. |
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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. |
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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. |
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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. |
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Brochures are available at Shinsei Financial Centers. |
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Foreign currency deposits are not covered by deposit insurance. |
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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. |
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Please confirm the contract rate on the “Confirmation” mailed after the deposit date. |
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The contract rate will be fixed at 3:00 p.m. Tokyo time on the contract date. |
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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. |
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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. |
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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. |
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Deposit insurance will cease to apply when foreign currency received upon maturity is held in the foreign currency. |
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The respective ordinary savings account rates posted at branches will be applied for principal deposited in yen or foreign currency accounts after maturity. |
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Cash withdrawals in foreign currencies are not permitted. Separate commissions will be applied to foreign currency fund transfers. |
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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. |
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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. |
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Interest rates for this may product may change, or Shinsei Bank may cease to offer this product, depending on market developments. |
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