Depositing ¥1 million in a 1-year time deposit at Japan Post Bank would generate approximately ¥5,000 in interest. By contrast, Aozora Bank's BANK The Time Deposit applies an annual rate of 1.4% for 1 year, generating approximately ¥14,000 in interest before tax on the same amount.
When comparing 1-year time deposits on the same basis, a ¥1 million deposit at Japan Post Bank generates approximately ¥5,000 in interest. By contrast, Aozora Bank's BANK The Time Deposit pays an annual rate of 1.4%, generating approximately ¥14,000 in interest before tax on a ¥1 million deposit.
The materials explain that BANK The Time Deposit at Aozora Bank's BANK branch applies an annual rate of 1.4% as of 1 October 2026. This indicates that the interest earned on the same deposit amount is expected to be higher.
On the same terms, the interest amounts before tax differ. Japan Post Bank pays approximately ¥5,000, while Aozora Bank pays approximately ¥14,000, meaning that the choice of deposit institution may significantly affect the interest earned.
The article does not specify the details of the tax treatment, so further information is needed regarding the difference between interest before and after tax.