New Powered One (Structured Deposit / Extendible Yen Time Deposit / 3 or 5 years maturity)

Individual customers with PowerFlex account

Yen

3 years* (initial deposit term). However, if the Bank decides to extend the deposit term, (term extension stated below on 5), the deposit term will be extended for another 2 years until the final maturity date, and the total deposit term will be 5 years*. If the Bank does not extend the term, deposit term will be 3 years*. Excluding the conditions of term extension (see item 5 below), there will be no automatic renewal for the deposit term of this deposit.

*For this deposit, the Bank's prescribed booking period will be provided. The initial maturity date will be 3 years from the first business day after the closing date of booking period. The final maturity date will be 5 years from the first business day after the closing date of booking period. Actual deposit term of 3 or 5 years will be the number of days from deposit date to the final day of booking period. Therefore, please check the actual deposit date, initial maturity date and final maturity date when you apply.

Term extension is determined by the Bank on the Extension Judgment Day (in principle, 4 Tokyo business days prior to the initial maturity date), whether or not deposit will be extended until the final maturity date. Term extension will be determined by Shinsei Bank.

Lump sum deposit. However, it is limited to transfers from PowerFlex Yen Savings Deposit.

According to the term extension stated in 5 above, principal will be deposited to your PowerFlex Yen Savings Deposit on initial maturity date or final maturity date by lump sum payment.

Interest for initial deposit term will be paid on initial maturity date. In case term extension is made (term extension stated above on 5), interest after term extension will be paid on final maturity date. Interest payments will be credited to your PowerFlex Yen Savings Deposit respectively.

Funds are credited to the PowerFlex Yen savings account at maturity (the final maturity date if term extends), and the Yen savings account interest rate applies after maturity of this deposit. Please see Yen Savings Deposit Product Description for interest payment and calculation.

In principle, cancellation is not permitted before maturity.
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 from the principal for the period from cancellation to maturity. The remainder will be credited to your PowerFlex Yen savings account. Please note that in this case, your principal is not guaranteed.

Covered by deposit insurance.

20% withholding tax is deducted from interest.

This deposit is subject to an overdraft service for a PowerFlex account.