Power Step Up Yokin
Structured Deposit / 10 - years maturity Power Step Up Yokin Up
*Interest is as of June 6, 2008
*Funds are credited to the PowerFlex yen savings account at maturity and the Yen Savings Deposit interest rate applies after maturity of this deposit.
 
Attractive Features Important reminder
1 If this deposit is extended by Shinsei Bank decision, interest will be added one every year until maturity date.(maximam 10years.) 1 After 3 years, this deposit extends every year until 10years at maturity.
2 If the initial term is extended, after 3 years interest will be paid every year.
Regardless of whether extends or not extends,after 3 years you will receive interest for first 3 years.		 2 In principle,regardless of whether extends or not extends ,cancellation is not permitted before maturity.
3 It is a principal guaranteed structured deposit after 10 years maturity. 3 In case,cancellation by your offer before maturity your principal is not guaranteed. Deposit may fall significantly below your original yen amount by market environment.
The interest is after tax.The interest as of June 6, 2008 is 1.3% p.a for the first 3 years,1.5% p.a for fourth year and 1.7% for fifth year,1.9% for sixth year, 2.1% for seventh year,2.4% for eighth year,2.7% for ninth year and 3.0% for tenth year.(before tax) The total interest is obtained by multiplying the number of years by the simple interest. Actual numbers may differ slightly as 1 year is calculated on a 365-day-a-year basis.
How is the term extension determined?

If the market rate is higher than the specified rate three years from now, the likelihood is high that Shinsei Bank will decide to extend the maturity. Therefore, if the maturity is extended, it means that the customer will lose the opportunity to invest the money at the high market rate after three years from now.

Conversely, if the market rate is lower than the specified rate three years from now, then the likelihood of Shinsei Bank extending the maturity becomes low. If the maturity is not extended, the specified rate cannot be applied.

* The market rate three years from now is not the only determinant for the extension of maturity. Therefore, the above description may not apply in some cases.
Cancellation before maturity
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 Power Flex Yen savings account. Please note that in this case, your principal is not guaranteed. Confirm that the purchase amount does not exceed your excess fund.
Details for cancellation before maturity and restructuring amount
Minimum deposit amount
online Phone Branch
300,000 yen or more. 3,000,000 yen or more. 3,000,000 yen or more.
Related Links & Information

Please read the Product Description carefully and understand the product well before opening the time deposit
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Power Step Up Yokin
•  We may stop handling this deposit or revise the interest rate and bonus interest, depending on the market environment.
• In principle, cancellation is not permitted before maturity. If the Bank finds it necessary to accept a cancellation before maturity, the Bank will cancel the deposit, and will deduct the cost of restructuring the deposit for the period from cancellation to maturity, and other costs incurred by the Bank from the principal. The remainder will be credited to your PowerFlex Yen savings account. Please note that, in this case, your principal is not guaranteed.
• 3 years* (initial deposit term). However, if the Bank decides to extend the deposit term, it will be possible for another 1 year, from the maturity date immediately after the Extension Judgment Day. If the deposit term is extended every year, then the final maturity date of the deposit could be 10 years from the first business day after the booking period for the product closes.
• Principal and interest are credited to the PowerFlex Yen savings account at maturity, and Yen savings account interest rates displayed at the branch counters will apply.
• At maturity (i.e., after 5 or 10 years), the principal is deposited into your PowerFlex Yen Savings Deposit.
• This is not part of over draft service.PowerFlex account holders are eligible.
• Funds are credited to the PowerFlex yen savings account at maturity and the Yen Savings Deposit interest rate applies after maturity of this deposit.
• 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 Powerstep up Yokin.