Interest Rate Hike for Yen Time Deposits for New Account Holders
SBI Shinsei Bank announced a significant increase in the interest rate for its 1-year yen time deposit for new account holders, from 0.85% to 1.30%. This move responds to rising inflation and the Bank of Japan's interest rate hikes, aiming to attract new customers by offering attractive interest rates.
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- 📰 Published: May 2, 2026 at 03:40
- 🔍 Collected: May 1, 2026 at 19:02
- 🤖 AI Analyzed: May 1, 2026 at 20:07 (1h 5m after Collected)
SBI Shinsei Bank (Head Office: Chuo-ku, Tokyo; Representative Director and President: Katsuya Kawashima; hereinafter "the Bank") announced that, effective Friday, May 1, 2026, it will increase the interest rate on its 1-year "Startup Yen Time Deposit," exclusively for new account holders, from an annual 0.85% (0.6773% after tax) to an annual 1.30% (1.0359% after tax).
In recent years, due to rising prices and gradual interest rate hikes by the Bank of Japan, domestic market interest rates have been on an upward trend. To extend the benefits of these rising rates to customers newly opening bank accounts, the Bank is raising the interest rate on its "1-year yen time deposit" exclusively for new account holders to an annual 1.30% (1.0359% after tax).
**■ Startup Yen Time Deposit for New Account Holders, 1-Year Term, Deposit Interest Rate**
| Term | After Change (from May 1, 2026) | Before Change |
|---|---|---|
| 1 Year | Annual 1.30% (After Tax Annual 1.0359%) | Annual 0.85% (After Tax Annual 0.6773%) |
*The Startup Yen Time Deposit is exclusively for customers who have newly opened a bank account (online: from 300,000 JPY; in-branch: from 5,000,000 JPY). The application period is until the end of the third month, including the month of account opening.*
**■ Startup Yen Time Deposit for New Account Holders, 3-Month Term, Campaign in Progress**
The Bank is currently running the "Startup Yen Time Deposit Plus Interest Rate Campaign" for its 3-month Startup Yen Time Deposit (April 20, 2026 - June 30, 2026, inquiry number: 2609).
By meeting the conditions of opening a new SBI Hyper Deposit*1 and making an entry, customers will receive a cash bonus equivalent to an additional annual 1.0% (0.7968% after tax) in addition to the standard annual interest rate of 1.0% (0.7968% after tax). This means customers can deposit with favorable conditions equivalent to a total of 2.0%*2 (Please check in-branch or the website for detailed conditions).
New account holders can flexibly utilize both the stable high interest rate of the 1-year deposit and the short-term high interest rate from the 3-month campaign, depending on their life plan (it is also possible to apply for both).
SBI Shinsei Bank, with its listing on the Tokyo Stock Exchange Prime Market as a new starting point, will strive for further enhancement of corporate value and, in collaboration with other SBI Group companies, continue to provide innovative and attractive services to its customers.
*1 SBI Hyper Deposit is covered by deposit insurance. The interest rate is a variable rate reviewed daily and may change. When using this deposit, please be sure to check the product description available at SBI Shinsei Bank branches and on its website.
*2 The maximum amount for the additional interest is 5,000,000 JPY per person (including cases where multiple accounts are set up). The additional interest will be credited to the customer's PowerFlex ordinary deposit account by the end of November 2026, separately from regular interest. This does not mean that the applicable interest rate for the Startup Yen Time Deposit (3-month term) will be an annual 2.0% (before tax). Also, interest rates are as of April 20, 2026, and may change due to market conditions or changes in the campaign period.
◇ Check details of "SBI Hyper Deposit"
◇ Check details of "Startup Yen Time Deposit"
◇ Check details of "Startup Yen Time Deposit Plus Interest Rate Campaign"
End.
In recent years, due to rising prices and gradual interest rate hikes by the Bank of Japan, domestic market interest rates have been on an upward trend. To extend the benefits of these rising rates to customers newly opening bank accounts, the Bank is raising the interest rate on its "1-year yen time deposit" exclusively for new account holders to an annual 1.30% (1.0359% after tax).
**■ Startup Yen Time Deposit for New Account Holders, 1-Year Term, Deposit Interest Rate**
| Term | After Change (from May 1, 2026) | Before Change |
|---|---|---|
| 1 Year | Annual 1.30% (After Tax Annual 1.0359%) | Annual 0.85% (After Tax Annual 0.6773%) |
*The Startup Yen Time Deposit is exclusively for customers who have newly opened a bank account (online: from 300,000 JPY; in-branch: from 5,000,000 JPY). The application period is until the end of the third month, including the month of account opening.*
**■ Startup Yen Time Deposit for New Account Holders, 3-Month Term, Campaign in Progress**
The Bank is currently running the "Startup Yen Time Deposit Plus Interest Rate Campaign" for its 3-month Startup Yen Time Deposit (April 20, 2026 - June 30, 2026, inquiry number: 2609).
By meeting the conditions of opening a new SBI Hyper Deposit*1 and making an entry, customers will receive a cash bonus equivalent to an additional annual 1.0% (0.7968% after tax) in addition to the standard annual interest rate of 1.0% (0.7968% after tax). This means customers can deposit with favorable conditions equivalent to a total of 2.0%*2 (Please check in-branch or the website for detailed conditions).
New account holders can flexibly utilize both the stable high interest rate of the 1-year deposit and the short-term high interest rate from the 3-month campaign, depending on their life plan (it is also possible to apply for both).
SBI Shinsei Bank, with its listing on the Tokyo Stock Exchange Prime Market as a new starting point, will strive for further enhancement of corporate value and, in collaboration with other SBI Group companies, continue to provide innovative and attractive services to its customers.
*1 SBI Hyper Deposit is covered by deposit insurance. The interest rate is a variable rate reviewed daily and may change. When using this deposit, please be sure to check the product description available at SBI Shinsei Bank branches and on its website.
*2 The maximum amount for the additional interest is 5,000,000 JPY per person (including cases where multiple accounts are set up). The additional interest will be credited to the customer's PowerFlex ordinary deposit account by the end of November 2026, separately from regular interest. This does not mean that the applicable interest rate for the Startup Yen Time Deposit (3-month term) will be an annual 2.0% (before tax). Also, interest rates are as of April 20, 2026, and may change due to market conditions or changes in the campaign period.
◇ Check details of "SBI Hyper Deposit"
◇ Check details of "Startup Yen Time Deposit"
◇ Check details of "Startup Yen Time Deposit Plus Interest Rate Campaign"
End.