Double-Interest Chance TD
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Structured Deposit  (Deposit with derivatives)   Double-Interest Chance TD
Double-Interest Chance TD
3years5years

5years 5years Chance of 2.0% p.a.(1.6% p.a. after tax) interest rate for years.

  • * Above interest is as of November 16,2007.Depending on market conditions, Shinsei Bank may change the applicable interest rate or stop offering this product.After maturity yen savings interest rate will be applied and the above interest rate will not be applied.
Important reminder

Cancellation before maturity is not permitted. In case of your principal is not guaranteed. And deposit may fall significantly below your original Yen amount by market environment.

Whether a special interest rate can be awarded is based on the Yen-US dollar exchange rate. Therefore, a special interest rate may not be applied.

Condition for double interest rate possible to be applied from the second year to fifth year

Specified rate

After the 2nd year special interest rate will be determined by Shinsei Bank depending on the exchange rate.

Determination

After the 2nd year ,Shinsei Bank determines if the interest rate is added on the basic interest rate depending on the Yen-US dollar exchange rate.

After the 2nd year interest rate is・・・

interest rate will be prescribed depending on actual Yen-US dollar exchange rate

For example : specified rate=120yen
Yen-US dollar exchange rate Determination
1USD=122yen

When yen market price against US dollar is weaker than or the same as a strike rate on the determination day

I am so happy! I got double interest rate.
1USD=115yen

When yen market price against US dollar is stronger than a strike rate on the determination day

Too bad. We missed the special interest rate.

A strike rate will be prescribed by Shinsei Bank based on a foreign exchange market rate between Yen and US dollar at 3 p.m. Tokyo time on the succeeding business day of the final day of each offering period
(Determination day of the strike rate).

Interest determination day is 2 business days before the interest payment day.

Cancellation before maturity

Cancellation before maturity is not permitted. In this case, your principal is not guaranteed. Deposit may fall significantly below your original yen amount by market environment.

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.

  1. Value of currency option at the time of early withdrawal
  2. Difference between the applicable rate on the deposit and the market interest rate (of the deposit currency) corresponding to the remaining period at the time of the early withdrawal
  • * Generally speaking, the higher the exchange rate for the deposit currency and the shorter the duration period from the time of deposit, the higher the cost of cancellation.
  • * Just for reference, even if withdrawing immediately after effectuating the deposit, the cost associated with the restructuring results in cancellation cost of roughly 3~4% of the principal(If 3million yen time deposit, it costs 90,000yen to 120,000yen)
  • * Cancellation cost borne at the time of the early withdrawal fluctuates, depending on the status of the market at that time; therefore, cancellation cost to be borne for early withdrawal are not fixed at the time of the deposit. Also, depending on actual financial conditions, it is possible that cancellation cost borne at the time of the withdrawal could become higher than aforementioned level.
Related Links & Information
1 Minimum deposit
 
Online Phone Branch
500,000 yen or more 3,000,000 yen or more 5,000,000 yen or more
2 Reminder
3 Online banking
 
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PowerCall
0120-456-022 24hours 365days
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Branch
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Branch Location
 Double-Interest Chance TD
  • Depending on market conditions, Shinsei Bank may change the applicable interest rate or stop offering this product.
  • We determine the special interest rate may or may not be given annually after 2nd year.
    When Yen market price against US dollar is weaker than or the same as a strike rate on the interest determination day (2 business days before the interest payment day), it applied special interest rate in addition to the basic interest rate.(When yen market price against US dollar is stronger than a strike rate on the determination day,it is not applied special interest rate.)
  • 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. In this case, your principal is not guaranteed. Deposit may fall significantly below your original yen amount by market environment.
  • After maturity yen savings interest rate will be applied and the above interest rate will not be applied.
  • Brochures are available at our branches.
  • Only individual customers with Power Flex accounts is avaiable.