SBI Sumishin Net Bank Announces 1.20% Interest Rate for Summer Campaign
SBI Sumishin Net Bank, Ltd. (Headquarters: Minato-ku, Tokyo; CEO: Noriaki Maruyama) has announced the commencement of its 'Summer Special Interest Rate Campaign' for Yen time deposits, starting Wednesday, June 3, 2026. In this campaign, the bank will offer a special interest rate of 1.20% p.a. (pre-tax) for 1-year Yen time deposits, providing a highly competitive option for individual investors in the current market environment.
### Campaign Details
- **Period**: From Wednesday, June 3, 2026, to Sunday, August 30, 2026 (for completed deposits). - **Eligibility**: Individual customers with an account at the bank (Corporate customers are excluded). - **Applicable Rate**: 1.20% p.a. pre-tax for 1-year Yen time deposits. The post-tax rate is approximately 0.95% p.a.
### Terms and Protection Customers must specify a term of '1 year' at the time of deposit to qualify for the special rate. The bank noted that the campaign may end earlier than scheduled if the total deposit volume reaches a predetermined threshold. Deposits under this campaign are covered by the Deposit Insurance System, protecting the principal up to 10 million yen plus interest. Please note that in the case of early withdrawal before maturity, the special rate will not apply, and the bank's standard early withdrawal rate will be used instead.
### Rebranding to 'docomo SMTB Net Bank' The bank is scheduled to change its corporate name to 'docomo SMTB Net Bank' on Monday, August 3, 2026, which falls within the campaign period. The bank confirmed that this rebranding will not affect the campaign. This high-interest offering is seen as a strategic move to accelerate fund acquisition and reward existing customers ahead of the transition to the new brand.
SBI Sumishin Net Bank continues to aim for the transformation of financial services through cutting-edge technology to make society more comfortable and convenient.
FACT BOX
- Source: PR TIMES
- Category: キャンペーン