Introduction
Daiwa Next Bank and Daiwa Securities have announced a new promotional campaign focused on USD time deposits, scheduled to run from May 7, 2025, to June 30, 2025. This initiative is designed to attract and provide competitive benefits to clients who possess the Daiwa Twin Account, which integrates investment and deposit services.
Campaign Overview
The special interest rate campaign comes with specific guidelines and eligibility requirements:
- - Duration: The campaign will be active from May 7, 2025, to June 30, 2025. However, the terms may be modified or the campaign may conclude early if the total deposit amount reaches a predetermined limit, which will be announced on the Daiwa Next Bank website.
- - Target Audience: This campaign is exclusively for customers enrolled in the Daiwa Consulting courseholding a Daiwa Twin Account. The Twin Account allows for seamless operation and management of funds between a comprehensive securities account and a deposit account held with Daiwa Next Bank. Note that clients enrolled in Daiwa Direct or corporate financial entities are not eligible.
- - Applicable Conditions: Participants will benefit from a foreign exchange spread of a maximum of 50 yen per USD for deposits in USD. The promotional interest rate applies to the initial deposit period only. For subsequent interest accrued after the initial maturity date, standard rates will apply based on the terms set by Daiwa Next Bank.
- - Minimum Deposit Requirements: Individual clients must deposit between $50,000 to $10,000,000, while corporate clients must deposit between $200,000 to $10,000,000. Multiple deposits within this range are allowed during the campaign, with the aggregate limit set at $10,000,000 for each client's deposits.
Eligibility for Campaign Funds
To qualify for the promotional rates, funds must come from one of the following sources:
1. Currency transferred from other banks to Daiwa Securities or Daiwa Next Bank in foreign currency.
2. Funds resulting from currency exchange transactions conducted at Daiwa Securities for converting Japanese yen into the specified foreign currencies.
Importantly, funds deposited during previous similar campaigns are not eligible for this offer. Any subsequent transactions involving the withdrawal of foreign currency deposits must also adhere to specific criteria as determined by Daiwa.
Application Process
Clients interested in participating will need to submit their applications at Daiwa Securities' branches or offices. Both internet and phone applications are not accepted for this campaign.
Additional Highlights
- - The promotional campaign may extend beyond its initial timeline if deemed necessary.
- - Clients participating in other concurrent interest rate campaigns are advised that they may not be able to take advantage of this special offer.
- - All participants must meet the stipulated requirements to be eligible for promotional benefits.
Daiwa Next Bank is committed to providing products that align with client needs in asset formation while maintaining stability and operational integrity. By introducing tailored campaigns like this one, they strengthen their position within the market.
Conclusion
The USD Time Deposit Special Interest Rate Campaign marks a significant opportunity for clients aiming to enhance their investment strategy while ensuring competitive returns. Interested clients are encouraged to take advantage of this limited-time offer and contact their respective adoption windows for completion.
For any inquiries or additional information regarding the campaign details, potential clients can reach out to their Daiwa Securities representatives. Stay informed and capitalize on the growing opportunities with Daiwa Next Bank!
About Daiwa Next Bank
Founded in 2011 as a part of the Daiwa Securities Group, Daiwa Next Bank operates under the mission of providing tailored financial solutions aimed at fostering customer asset formation while upholding a strong public service mandate. With a commitment to sound business practices, Daiwa aims to secure client trust and build a reliable banking platform.