From 1 month to 1 year (Fixed: 1 month, 3 months, 6 months, or 1 year).

• In principle, the maturity date corresponds to the day of the month when the deposit is made.
• If the deposit is made on the last day of the month, the maturity date is the last day of the month in which term ends.
• Rollover at maturity is an option when the deposit is initially made.

Other than fixed.

• Maturity date may be defined by the customer when the deposit is initially made.
• Rollover at maturity is not an option.

1. Deposit method: Lump sum deposit. There are 2 options.

• Transfers from PowerFlex Yen Savings Deposit.
• Deposits from PowerFlex corresponding foreign currency savings account.

2. Currency: US Dollar (USD), Euro (EUR), Canadian Dollar (CAD), Australian Dollar (AUD), Pound Sterling (GBP), New Zealand Dollar (NZD), Hong Kong Dollar (HKD) and Singapore Dollar (SGD).

3. Minimum deposit and unit: 10 unit of the currency in units of 1 currency.

There are 3 options.

• Principal rollover: Just the principal is reinvested in a new time deposit for the same term. Interest is credited to a savings account for the corresponding currency.
• All rollover: Principal and interest are reinvested in a new time deposit for the same term.
• Cancellation: Principal and interest are credited to a savings account for the corresponding currency.

The choice must be made by 7 p.m. on the day before maturity.
Other than the above, the principal and interest are credited to a savings account for the corresponding currency.

1. Rates:

• Rates displayed each day at Shinsei Financial Centers on the day of deposit will apply until maturity.
• Further details are available at Bank counters or from Shinsei PowerCall (telephone banking).

2. Payments

• Interest is paid in a lump sum at maturity depending on the option stated in item 5.

3. Calculation method

• The term used for calculation is from the day of deposit is made to 1 day before maturity. Interest is applied to single units of the relevant currency calculated on a 365-days-a-year basis. Interest is rounded down to the nearest whole number.

Interest after maturity differs depending on the option of handling at maturity.

• Principal and all rollover: Rates for the corresponding currency displayed at Shinsei Financial Centers on the day of rollover will apply during the rollover term. Please see item 6 for interest payments and calculation.
• Cancellation: Funds are credited to the corresponding currency savings account at maturity, and the savings account interest rate for the relevant currency applies. Please see Foreign Currency Savings Deposit Product Description for interest payment and calculation

• Our Bank’s exchange rate (TTS/ TTB) including exchange fee shall apply for deposits and withdrawals in Yen. Therefore, even without exchange rate fluctuations, the principal is not guaranteed.
• Exchange fee differs depending on the currency. Further details are available at Bank counters or from Shinsei PowerCall (telephone banking).

Foreign exchange forward contracts are not available.

If the account payouts are not converted to another currency, the principal is guaranteed. Should the payouts be converted to another currency, the principal may be less than the original deposit amount.

An additional handling fee is required for foreign currency remittances. Please contact a Shinsei Financial Center or Shinsei PowerCall (telephone banking) for further information.

Not covered by deposit insurance.

In principle, cancellation is not permitted before maturity.

However, should cancellation take place before maturity, no interest is paid. If the funds are cancelled before maturity and converted to Yen, the principal may not be guaranteed depending on the exchange rate fluctuations. When the funds are converted to Yen, our Bank’s exchange rate (TTB) including exchange fee shall apply. Therefore, even without exchange rate fluctuations, the principal may not be guaranteed.

20% withholding tax is deducted from the interest.
Exchange gains: Subject to comprehensive income taxation and should be declared as miscellaneous income on your tax return.
Exchange losses: Deducted from miscellaneous income.
Maruyu tax exemptions do not apply.

It is not possible to have an overdraft with a Foreign Currency Savings Deposit.