#Japan #Tokyo #Interest Rate #Daiwa Next Bank #Dollar Time Deposit

Daiwa Next Bank's New Favorable Dollar Time Deposit Plan

Daiwa Next Bank is excited to announce the launch of its new Favorable Dollar Time Deposit Plan, effective July 1, 2026. This plan is launched to cater to individuals and businesses who have yet to deposit in Dollar time deposits, enabling them to get started with just a minimum deposit of $1,000 via our transaction site.

Overview of the Plan

The Favorable Dollar Time Deposit Plan specifically targets customers who meet the following criteria:
1. Individual or corporate account holders of Daiwa Next Bank with a foreign currency deposit account.
2. First-time depositors in Dollar time deposits, regardless of the deposit duration.

Deposit Details

Customers can deposit an amount ranging from $1,000 to $10 million, with deposit increments of one supplementary currency unit. It’s important to note that this offer is limited to one deposit per individual or corporation, and split deposits are not allowed. Additionally, dated deposits cannot be made in advance.

Eligible Funds

There are no restrictions on the types of funds eligible for this deposit plan. All funds will qualify.

Applicable Interest Rates

The interest rate for the Dollar 1-month time deposit stands at a competitive 8.00% (after tax: 6.374%). It’s essential to understand that this rate applies only for the initial deposit period. After the first maturity date, if the deposit is automatically canceled, the standard savings interest rate for the same currency will apply. Conversely, if the deposit is automatically renewed, the interest rate applicable will be based on the same currency and maturity period as per the current market rates.

For instance, if an individual deposits $1,000 at the 8.00% rate for 30 days, the estimated interest earned would be approximately $5.23, calculated as follows:

```
$1,000 × 8.00% × 30 days ÷ 365 days × 79.685% = approximately $5.23
```

As of July 1, 2026, the typical interest rate for personal accounts depositing $1,000 is 2.50% (after tax: 1.992%), while corporate accounts have a lower rate of 2.90% (before tax). Make sure to check the Daiwa Next Bank website for the latest rates.

Application Process

Customers can apply for this plan through the Daiwa Next Bank transaction site independently. For those who prefer to apply at Daiwa Securities' branches or offices, please note that the conditions for the Dollar Time Deposit plan may differ. Therefore, it is recommended to inquire at the respective branches or offices for specific details. Please be aware that applications cannot be processed through the Daiwa Securities contact center.

Important Notes

• - Customers cannot utilize both this online plan and the in-branch plan simultaneously; choose one for application.
• - If an individual has not made prior deposits but has received Dollar time deposits through inheritance or transfer, they are not eligible for this plan.
• - If other favorable interest rate deposit plans from Daiwa Next Bank or Daiwa Securities are being used simultaneously, eligibility for this plan may not be granted.
• - Access to this plan may be denied based on an evaluation of past transaction history.
• - Funds deposited under this plan cannot be used in conjunction with other interest rate incentive services offered by Daiwa Securities or Daiwa Next Bank.
• - When depositing or withdrawing foreign currency, a currency exchange spread of a maximum of 50 cents per $1 may apply, leading to the risk of principal depreciation in Yen terms even if currency exchange rates remain stable.

About Daiwa Next Bank

Founded in 2011, Daiwa Next Bank is wholly owned by the Daiwa Securities Group. The bank's management philosophy emphasizes providing products and services tailored to customer asset formation needs, ensuring robust operational sustainability, and earning trust from society. This philosophy guides the bank as it evolves in the changing financial landscape.