#Japan #Tokyo #interest rates #Daiwa Next Bank #Yen Time Deposits

Update on Yen Time Deposit Interest Rates

Daiwa Next Bank has expressed its gratitude to its customers for their continued support and announced a revision of interest rates for yen time deposits, which will take effect on November 12, 2026. This change aims to align with current financial trends and customer needs.

The new rates will be displayed as annual rates before tax, with individual clients subject to a withholding tax of 20.315%. This tax comprises 15.315% for national tax (including the special reconstruction income tax) and 5% for local tax. It is essential to note that the Maruyuu (small savings tax exemption system) cannot be applied to these deposits. Additionally, the bank emphasized that interest rates may be adjusted based on financial market conditions.

For detailed information about the current interest rates and further specifics regarding yen time deposits, customers are encouraged to visit the official Daiwa Next Bank website. Moreover, further insights can be obtained through the