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Term Deposits

A Term Deposit lets you lock in a competitive interest rate for a fixed period of time. With a range of currencies and choice of time periods, you can easily select a term deposit to suit your needs.

Benefits

  • Enjoy financial certainty by locking in a known interest rate for a fixed period
  • Flexible deposit terms ranging from 1 month to 3 years to suit your needs
  • In certain circumstances, tiered interest rates may apply, so that a higher combined total Term Deposit balance may bring you a higher interest rate for each new deposit
  • Flexibility of having the interest earned paid directly into other accounts
  • You can use your Term Deposit as security for a cash-backed loan 1

Minimum deposit

  • JPY 2,000,000 or equivalent, JPY5,000,000 or equivalent for new customer 

Currencies available

 Japanese Yen (JPY)

 US Dollar (USD)

 Australian Dollar (AUD)

New Zealand Dollar (NZD)

 Great British Pound (GBP)

Canadian Dollar (CAD)

Swiss Franc (CHF)

 EURO (EUR)

Click to view:

 

* The currencies we accept may change from time to time at the Bank's discretion.

* Currently, we don't offer Japanese Yen Term Deposit (1 and 2-month), Euro Term Deposit (1 and 2-month) and Swiss Franc Term Deposit (all terms).

 

Note on Yen Term Deposits

In principle, early withdrawals are not permitted. In case a customer requests to make an early withdrawal and the deposit is canceled before the maturity date for a reason that NAB considers unavoidable, NAB will apply the early withdrawal rate (0% per annum) prescribed by it and charge handling fee of JPY 5,000 + consumption tax to the customer. Further, if NAB bears any financial costs as a result of the early withdrawal, then those costs will be charged separately. Therefore, customers may be subject to principal risks due to such early withdrawals.

Note on Foreign Currency Term Deposits

Foreign currency deposits are subject to foreign exchange rate fluctuations or foreign exchange fees payable by customers for two-way transactions, even if there is no change in the foreign exchange rates. (A standard foreign exchange fee of JPY1.9 against 1 AUD, 1 NZD and 1 GBP, and JPY1.6 against 1 USD, 1 EUR, 1 CAD and 1 CHF.) Therefore, there is a risk that the amount denominated in foreign currency received by the customer at the maturity of the deposit, if converted to yen, may be less than the amount of yen paid to establish the foreign currency term deposit. In principle, early withdrawals are not permitted. If a customer requests to make an early withdrawal and the deposit is cancelled before the maturity date for a reason that NAB considers unavoidable, NAB will apply the early withdrawal rate (0% per annum) prescribed by it and charge a handling fee of JPY 5,000 + consumption tax to the customer. Further, if NAB bears any financial costs as a result of the early withdrawal, then those costs will be charged separately. Therefore, customers may be subject to principal risks due to such early withdrawals.

Cut-off time: 3:00 p.m. for all currencies for same day transactions.

Deposit rates

INDICATIVE RATES AS AT 24 February 2017 

Unit: % (Annual interest rate before tax)

Currency Amount 1 Month 2 Months 3 Months 6 Months 12 Months 2 Years 3 Years
AUD under 100K 0.1 0.1 0.3 0.4 0.5 0.6 0.7
100K+ 0.3 0.3 0.5 0.6 0.7 0.8 0.9
NZD under 100K 0.1 0.1 0.3 0.4 0.5 0.6 0.7
100K+ 0.3 0.3 0.5 0.6 0.7 0.8 0.9
USD under 100K 0.01 0.01 0.01 0.01 0.01 0.01 0.01
100K+ 0.05 0.05 0.05 0.15 0.15 0.15 0.15
EUR under 100K 0 0 0.01 0.01 0.01 0.01 0.01
100K+ 0 0 0.01 0.01 0.01 0.01 0.01
GBP under 100K 0.01 0.01 0.01 0.01 0.01 0.01 0.01
100K+ 0.01 0.01 0.01 0.1 0.1 0.1 0.1
CAD under 100K 0.01 0.01 0.01 0.01 0.01 0 0
100K+ 0.01 0.01 0.01 0.1 0.1 0 0
CHF under 100K 0 0 0 0 0 0 0
100K+ 0 0 0 0 0 0 0
JPY under 10mio 0 0 0.001 0.001 0.001 0 0
10mio+ 0 0 0.001 0.001 0.001 0 0
30mio+ 0 0 0.001 0.001 0.001 0 0
50mio+ 0 0 0.001 0.001 0.001 0 0
100mio+ 0 0 0.001 0.001 0.001 0 0

Notes:

  • For Term deposit with the indicative rate of zero, currently, we don’t offer those Term Deposit.
  • Japanese Yen term deposit (1, 2, 3, 6, and 12-month periods)
  • Foreign currency term deposit (1, 2, 3, 6, and 12-month periods),  (2- and 3-year term deposits are also available for Australian Dollars (AUD), New Zealand Dollars (NZD), US Dollars (USD), Euros (EUR), and Great Britain Pound (GBP).)
  • Higher rates may be available for deposits over 250,000 in any currency (other than JPY). Please contact the Bank for more details.
  • Our term deposit interest rates are updated every day. Further, these rates may change without notice within any given day due to market movements.
  • Currently tax of 20% is deducted on deposit interest paid. From January 1, 2013 to December 31, 2037, the special income tax for reconstruction will be introduced, therefore tax of 20.315% will be deducted from this date.
  • The Bank may not accept deposit depending on the amount.

Contact us

Tokyo Branch

Muromachi Higashi Mitsui Building 18F
2-2-1 Nihonbashi Muromachi, Chuo-ku
Tokyo 103-0022, Japan

Tel: +81 3 3241 8781
Fax: +81 3 3241 8951
tokyocs1@nabasia.com

Enquiry Form

Service Hours:
Over the Counter: 9:00a.m.-3:00p.m.,
Telephone: 9:00a.m.-5:00p.m. (Monday- Friday)

Please make an appointment by telephone before coming to the branch.  

Osaka Sub-branch

Hanshin Sankei Sakurabashi Building 11F
2-4-13 Umeda, Kita-ku, Osaka-shi
Osaka 530-0001
Japan

Tel: +81 6 6456 3481
Fax: +81 6 6456 3482
tokyocs1@nabasia.com

Enquiry Form

Service Hours:
Over the Counter: 9:00a.m.-3:00p.m.,
Telephone: 9:00a.m.-5:00p.m. (Monday- Friday)

Please make an appointment by telephone before coming to the branch.