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

Enhancements in Dollar Time Deposit Rates

As of July 16, 2025, Daiwa Next Bank will implement a significant change in its foreign currency time deposits by introducing a new category for USD time deposits. This substantial modification aims to attract clients looking to invest larger sums while benefiting from increased returns.

What’s New?

The newly added category will cater to deposits of $500,000 and above. Clients placing a single deposit of at least $500,000 will be eligible for a more attractive interest rate compared to lower deposit amounts. This initiative is part of the bank's strategy to meet the growing demand for higher yield investments among individual customers.

Daiwa Next Bank has been known for its tiered interest rate structure, where interest rates vary based on the deposit amount. This new category aligns with that approach, thereby offering clients an incentive to deposit larger sums to maximize their earnings.

Key Features:

• - Eligible Currency Options: The upgraded structure is applicable to time deposits in multiple currencies including USD, AUD, and EUR.
• - Increased Earnings Potential: The more substantial the deposit, the higher the interest rate applied, marking a clear advantage for serious investors.
• - Target Audience: This initiative primarily targets individual customers looking to enhance their savings and grow their wealth.

Important Considerations

It's essential to note that these higher rates apply only to direct investments made through the bank’s online trading platform. Deposits made from regular yen savings accounts are excluded from this offer, emphasizing the focus on significant foreign currency investments.

Moreover, the advertised interest rates are displayed on a pre-tax annual basis. For individual clients, the post-tax yield averages out to approximately 79.685% after a withholding tax rate of 20.315% is applied, which includes both national and local taxes.

The interest rates are subject to change based on market conditions and financial climate, ensuring clients are always receiving competitive rates.

About Daiwa Next Bank

Established in 2011, Daiwa Next Bank operates under the guidance of Daiwa Securities Group. With a mission to transition clients from mere savings to effective asset formation, their range of financial products is designed to respond to customers' diverse investment needs. The bank is committed to maintaining a reliable operational framework and achieving robust governance practices to foster unwavering trust within the community.

As a wholly-owned subsidiary of Daiwa Securities Group, the bank stands out due to its commitment to not only customer satisfaction but also to fulfilling its social responsibilities efficiently and transparently. With ongoing adjustments to its financial offerings, Daiwa Next Bank continues to pave the way for innovative banking solutions in Japan.

For more detailed information regarding current interest rates, potential clients can visit the official Daiwa Next Bank website.