SHINSEI BANK
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Foreign Currency Time Deposit with Special Interest Rate Plan

A first step to building a financial plan

Foreign Currency Deposit products may fall below the original amount in yen
Click here for more details

Foreign Currency Time Deposit with Special Interest Rate Plan
(the former Otameshi Gaika Plan)

  • Preferred interest rate
  • Short term, 1 month
  • Deposit in Yen

Interest Rate

We offer a higher interest rate for Foreign Currency Time Deposit with Special Interest Rate Plan than our regular 1 month Foreign Currency Time Deposit.

Foreign Exchange Fees

Check out our reasonable exchange fees. For example, 0.07 - 0.15 yen per 1 USD.

  • In the event of high market volatility, system malfunctions, etc., the foreign exchange rates applied by the Bank may differ significantly from prevailing market rates.

Foreign Exchange fees

Acceptable Customer Risk Level

This product is recommended for customers with acceptable risk levels 2-6.

What is acceptable customer risk?

Application Information

Deposit Period 1 month
Deposit Method

Computer*

  • If you are able to understand Japanese, you will be able to make this transaction
    at our contact center or at our branches.
Deposit Amount

More than 100,000 yen in increments of 1 yen.

Available Currencies
  • US DollarUS Dollar
  • EuroEuro
  • Australian DollarAustralian Dollar
  • New Zealand DollarNew Zealand Dollar
  • Pound SterlingPound Sterling
  • Chinese YuanChinese Yuan
  • Turkish LiraTurkish Lira
  • South-African RandSouth-African Rand
Maturity Automatic
Cancellation
Currency Received at Maturity Foreign currency
(same as original deposit)
Interest Payment Method Interest shall be paid in a lump sum on maturity date.
Currency of Interest Foreign currency
(same as original deposit)
Principal Guarantee There is a risk of the loss of yen-denominated principal.
For details, please see here.
Deposit Insurance Not covered by deposit insurance.

Regarding Foreign Currency Deposits

  • As the conversion rates of foreign currencies into yen (foreign exchange rates) fluctuate, foreign exchange deposits carry a risk of loss of yen denominated principal resulting from exchange rate fluctuations when converting foreign currencies back into yen.
  • In the event of high market volatility, system malfunctions, etc., the foreign exchange rates applied by the Bank may differ significantly from prevailing market rates. Customers are urged to confirm the foreign exchange rates to be applied to any such transactions.
  • Foreign exchange fees apply when depositing/withdrawing yen into/out of foreign currency accounts. Unconventional currency exchange fees may be applied in the event of drastic foreign exchange rate fluctuations or when major markets are closed. The maximum rates of such one-way exchange fees and round-turn exchange fees are 5.5 yen per unit and 11 yen per unit respectively. For a direct non-yen cross currency exchange, the foreign exchange fees will be 0.02 multiplied by one of the currencies.
  • There is a risk of loss of yen denominated principal due to the application of foreign currency exchange fees and applied interest rates, even if foreign exchange rates do not fluctuate.
  • Preferred rates of Shinsei Step Up program are applied to transactions changing yen to a foreign currency and vice versa. (n.b. Preferred rates are not applicable to transactions between non yen foreign currencies or when the outstanding foreign currencies balance is converted to yen as part of closing an account. Additionally, preferred rates are not applicable in exchanging currencies or paying interest in the PowerSupport Plus program, or purchasing foreign currencies through the PowerBuilder program.)
  • Foreign currency deposits are not guaranteed by deposit insurance.
  • In principle, foreign currency denominated time deposits may not be cancelled before maturity. However, in the event the Bank recognizes extraordinary circumstances and deems the cancellation of foreign currency denominated time deposits before maturity as unavoidable, only principal amounts will be refunded (interest thereon will not be honored).
  • Cash in foreign currencies and foreign currency remittances are not available at our branches.
  • Fees will be charged for foreign currency remittances.
  • Application to GoRemit overseas remittance service must be made before making foreign currency remittances.
  • Before investing in foreign currency deposits customers should carefully read the product description of foreign currency deposits (pre-contract document) that is available in the Bank branches and online so that they can fully understand characteristics of the foreign currency deposits.

Shinsei Bank, Limited / No.10 Registered financial institution of Kanto Local Finance Bureau
Member of Japan Securities Dealers Association and the Financial Futures Association of Japan