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Foreign Currency Time Deposit

Deposit funds in 13 foreign currencies

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

PowerFlex Foreign Currency Time Deposit

  • 13 foreign currencies available
  • Flexible maturity period (one month to five years)

Product Features

Interest Rate

Currency 1 year 2 years 3 years 5 years

Annual interest rate: As of
The figures in parentheses represent the annual rate after-tax.

- The interest rates stated above apply to Standard stage customers under the Step Up Program. Foreign currency time deposits are subject to preferential interest rates. Please click here to confirm preferential interest rates for Diamond, Platinum, Gold and Silver customers.

- The principal and interest will be deposited to the Foreign Currency Savings Deposit Account in the same currency as the principal on the maturity date. Foreign Currency Savings Deposit interest rate will be apply thereafter.

Please check the latest interest rate for other currencies and terms.

Cancellation Prior to Maturity Date

In principle, cancellation prior to maturity date is not permitted.

Foreign Exchange Fees

Foreign exchange fees apply when depositing/withdrawing yen into/out foreign currency accounts.

  • If there is a dramatic increase in foreign currency exchange requests while markets are closed (i.e. weekends,
    holidays, etc.) or drastic market fluctuations, unconventional currency exchange fees may be applied.

Foreign Exchange fees

Acceptable Customer Risk Level

Recommended currencies for customers with an acceptable risk level of 2-6:
US Dollar, Euro, Australian Dollar, New Zealand Dollar, Pound Sterling, Canadian Dollar, Hong Kong Dollar, Singapore Dollar, Norwegian Krone

Recommended currencies for customers with an acceptable risk level of 3-6:
South-African Rand, Chinese Yuan, Brazilian Real

Recommended currencies for customers with an acceptable risk level of 5-6:
Turkish Lira

What is acceptable customer risk?

Application Information

Deposit Period 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, 5 years
Not all periods are available for all deposits.
Available deposit periods will be displayed when you make your deposit.
Deposit Method

Internet banking*

  • 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 10 basic units of currency (e.g. USD 10.00)
in increments of one subordinate currency unit (e.g. USD 0.01)

Available Currencies
  • US DollarUS Dollar
  • Pound SterlingPound Sterling
  • New Zealand DollarNew Zealand Dollar
  • Hong Kong DollarHong Kong Dollar
  • South-African RandSouth-African Rand
  • EuroEuro
  • Australian DollarAustralian Dollar
  • Canadian DollarCanadian Dollar
  • Singapore DollarSingapore Dollar
  • Norwegian KroneNorwegian Krone
  • Chinese YuanChinese Yuan
  • Brazilian RealBrazilian Real
  • Turkish LiraTurkish Lira
Maturity Automatic
Currency Received at Maturity Foreign currency
(same as original deposit)
Interest Payment Method Interest is paid in a lump sum at maturity
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.

Your original and interest amount will be deposited in the Foreign Currency Saving Deposit account in the same currency as original at Maturity. The interest rate for Foreign Currency Saving Deposit will be applied after Maturity.

Please note: When purchasing or selling foreign currency via PowerDirect or PowerCall(automated guidance), there is a maximum volume limit per single transaction. There is no daily maximum limit to the number of transactions you can make.

Transactions between Yen and Foreign Currency

  • Minimum amount of at least 1,000 yen
    * This is not limited to the settling out of foreign currency deposits by PowerCall (operator).
  • For PowerDirect and PowerCall (automated voice), the maximum
    amount allowed is the equivalent of 5 million yen (or the equivalent of 2 million yen
    when foreign currency markets are closed). For PowerCall (operator), there
    is no maximum amount.

Cross Currency Transactions

  • Minimum amount of at least 10 basic currency units
  • For PowerDirect, the maximum amount is 30,000 basic units for US Dollars,
    Euros, and Canadian Dollars, 20,000 basic units for Pounds Sterling, and 50,000
    basic units for Australian Dollars and New Zealand Dollars. There is no maximum
    amount for PowerCall (operator only).

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 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).
  • Interest is subject to 20.315% withholding tax (national tax 15.315% and local tax 5%). The fractional figure of the after-tax interest rate shall be rounded down.
  • Principal and interest of foreign currency time deposits shall be credited into PowerFlex savings deposits of the same currency on the maturity date without converting into another currency. The savings deposit interest rate for the same currency will be applied on and after the maturity date.
  • Cash in foreign currencies and foreign currency remittances are not available at our branches.
  • Fees will be charged for foreign currency remittances.
  • Handling Fee will be charged for incoming foreign exchange 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.