紀陽銀行 to raise time deposit rates by 0.1–0.275% from the 5th

The Kiyo Bank,Ltd. announced that it would raise time-deposit interest rates from the 5th. The increase will range from 0.1% to 0.275%, depending on the deposit term.

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The story

The Kiyo Bank,Ltd. announced that it would raise time-deposit interest rates from the 5th. The increase will range from 0.1% to 0.275%, depending on the deposit term.

The products covered include Super Time Deposits, Free-Rate Time Deposits and Direct Time Deposits, which can be opened only through a smartphone or internet banking. The one-year rate will be 0.7% for Super Time Deposits and 0.8% for Direct Time Deposits.

The revision is reportedly based on the Bank of Japan's policy-rate increase and trends in market interest rates.

At a glance

Interest-rate increaseRaised by 0.1%–0.275% depending on the deposit term

ProductsApplies to Super Time Deposits, Free-Rate Time Deposits and Direct Time Deposits

One-year rateSuper: 0.7%; Direct: 0.8%

Effective timingEffective from the 5th

BasisIn light of the Bank of Japan's policy-rate increase and market interest-rate trends

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