Yen time deposit accounts (for Non-Residents of Japan)
Having an account will enable you to deposit for a fixed period of time, spanning a minimum of one month to a maximum of five years.
We recommend yen time deposit accounts when you have no immediate plans to use your money.
Features of yen time deposit accounts (for Non-Residents of Japan)
- We offer a wide range of terms
ranging from one month to five years -
You can choose from a wide range of deposit terms.
The interest rate at the time of deposit will remain unchanged until the maturity date.
Please read the overview carefully before applying to open an account
Those eligible to apply for yen time deposit accounts
(for Non-Residents of Japan)
- *Company employees who have been living in Japan for less than six months but are scheduled to work in Japan for at least one year and their family members are considered to be residents.
Deposit Method and Term
For the redemption period you can choose either “fixed term” or “designated maturity date” (which allows you to designate the maturity date within a predetermined period of time).
| Deposit Method | Deposit Term | |
|---|---|---|
| Fixed-Term Deposit |
In the case of Fixed-Term Deposits, you will need to select either Automatic Renewal type (renewal of principal and interest, or renewal of principal only) or Receipt at Maturity type.
|
1 month, 3 months, 6 months or one year |
| Maturity-Designated Deposit | You can designate a maturity date within a predetermined period. Your account will be cancelled upon reaching maturity. We do not offer automatic renewal. | 1 month to 5 years or less |
- *Deposit interest rate: please contact us for information
As of March, 2025
| Customers | Non-resident individual customers |
|---|---|
| Term |
There are two types: (i ) ‘fixed term’ and (ii) ‘designated maturity date’. In the case of the designated maturity date type, the Customer can designate the maturity date from within a predetermined period.
|
| Deposit Method | Cash, or transfer from non-resident JPY ordinary deposit account |
| Minimum Deposit Amount | 100,000 yen or more |
| Unit of Deposit | One yen unit |
| Withdrawal | Transfer to non-resident JPY ordinary deposit or non-resident JPY time deposit |
| Applicable interest rate | The interest rate at the time of deposit will be applied until the maturity date. For information about interest rates, please inquire with the staff in charge. |
| Interest | The interest on this Deposit Account accrues for each unit of the fractional currency, and is calculated for the actual number of days based on a 365-day year, using the interest rate posted by the Bank at the time of the deposit and the number of days from the date of the deposit until the date before the maturity date, and shall be paid in a lump-sum on the maturity date and transferred to a Non-Resident JPY Ordinary Deposit Account. However, if the time deposit is to be renewed, the interest can also be credited to the principal of the time deposit after renewal. |
| Handling at the Maturity Date |
In the case of fixed term type, please select either the automatic renewal method (automatic renewal of (i) the principal and interest, or (ii) principal only) or the receipt at maturity method. 【Automatic renewal method】
【Receipt at maturity method】 In case of "designated maturity date" type, the designated maturity date shall be a bank business day (also, automatic renewal is not available). |
| Taxes |
Interest income shall be subject to 15.315% withholding tax, of which 0.315% is due to the introduction of the Special Income Tax for Reconstruction. (A reduced tax rate shall be applied if an “Application Form for Income Tax Convention” is submitted based on a tax convention that has been signed between Japan and a foreign country.) |
| Deposit Insurance | This Deposit Account is subject to deposit insurance, and the types of deposits, amounts, and other matters covered by deposit insurance shall be determined in accordance with the Deposit Insurance Act (Law No. 34 of April 1, 1971). |
| Handling of Termination Before the Maturity Date |
In principle, termination before the maturity date is not available for this Deposit Account. In exceptional cases, where the Bank determines that it is unavoidable and provides for termination before the maturity date, the applicable interest rate from the deposit date until the termination date will be the interest rate for the JPY ordinary deposit. |
| Other Matters | No passbooks or certificates are issued. Bank statements are issued to record transactions. |
| Designated Dispute Resolution Organization with which the Bank is contracted |
The Japanese Bankers Association Contact: JBA Customer Relations Center Telephone number 0570-017109 or 03-5252-3772 |
- To use Yen Time Deposit accounts (for Non-Residents), you must first open a Yen Ordinary Deposit account (for Non-Residents).
- In principle, termination before the maturity date is not available for this Deposit Account. In exceptional cases, where the Bank determines that it is unavoidable and provides for termination before the maturity date, the applicable interest rate from the deposit date until the termination date will be the interest rate for the Yen Ordinary Deposit.
- This Deposit Account is insured up to a maximum principal of 10 million yen plus accrued interest thereon per depositor per financial institution.
- Please read the product description carefully to fully understand the details of the account before use.
Tokyo Star Bank
Tokyo Star Bank is a subsidiary of CTBC Bank Co., Ltd. (CTBC Bank), one of the largest private financial institutions in Taiwan
Our relationship with CTBC Bank helps us meet the diverse needs of our customers.
Our shareholder, CTBC Bank (official name: CTBC Bank Co., Ltd.), is Taiwan's largest private bank and the primary subsidiary of CTBC Financial Holding, a major financial group in Taiwan. Operating globally through its worldwide network, Tokyo Star Bank continues to achieve tremendous growth.
