Regional banks in Okayama Prefecture are successively launching campaigns to raise term deposit rates. Chugoku Bank is offering up to 2% on 5-year deposits, while TOMATO BANK,LTD. has raised rates on term deposits, including 5-year deposits, at its internet branch.
Regional banks in Okayama Prefecture are successively launching campaigns to raise term deposit rates. Chugoku Bank has set the rate on 5-year term deposits at up to 2% for individuals making deposits through its app.
Chugoku Bank is also applying rates of 1.25% for 3-year deposits and 1.5% for 5-year deposits to funds newly deposited at a branch from another bank. The offering period runs through 30 December.
TOMATO BANK,LTD. has raised rates on term deposits for individuals at its internet branch, Momotaro Branch. The rates are 1.4% for 1 year, 1.45% for 3 years and 1.5% for 5 years, with the offering period running through the end of March 2027.
The moves aim to strengthen funding foundations by attracting deposits and suggest that regional banks are stepping up efforts to gather deposits.