Foreign Currency Time Deposit Interest Rates
The following are the base interest rates on foreign currency time deposits. Additional interest rates will be applicable depending on the amount deposited, and if the deposit is made from Yen funds.
| Foreign Currency/Deposit Type | 1 week | 2 week | 1 month | 3 month | 6 month | 7 month | 9 month | 1 year |
|---|---|---|---|---|---|---|---|---|
When you start a Citibank foreign currency time deposit, an add-on interest rate is added to the base interest rate depending on the amount you deposit. If you begin a foreign currency time deposit with Yen funds, an add-on interest rate "ENJOY PLUS" is added to the base interest rate until the first maturity date.
Please choose and click on the option below to see how the add-on interest rates apply on certain foreign currencies and deposit types.
Please call CitiPhone Banking (0120-110-330) or refer to Citibank Online for foreign currency time deposit interest rates for 2 year, 3 year and 5 year tenors.
<Interest Rates>
- The above interest rates are the pretax annual rates(%). Interest is subject to a 20% withholding tax (National tax 15% and Local tax 5%). (Effective from January 1, 2013, the tax rate will be 20.315% (National tax 15.315% and Local tax 5%)). The tax rate etc. may change in the future due to reasons such as revision of tax laws. Foreign exchange gains are treated as miscellaneous income under the Japanese tax code.
- Interest rates and foreign exchange rates fluctuate daily. Please inquire at our branches or via Citibank Online for the latest rates.
<Add-on Interest Rates>
- When you start a time deposit with ENJOY PLUS via Citibank Online, Citibank Mobile, or CitiPhone Banking Automated Voice Guidance Service, please make a deposit by transferring funds directly from your Yen Savings Account or MultiMoney Yen Savings Account. Please note that if you use funds in your Foreign Currency Savings Account in order to start a time deposit in the same foreign currency, add-on interest rates are not applied to your time deposit.
- Please inquire for details concerning transactions of 50 million yen or more.
- ENJOY PLUS add-on interest rates apply only to individual customers.
- Add-on interest rates to be applied for new Foreign Currency Time Deposits (including auto-renewal transactions) might be revised without any notice due to changes in the market environment, among other reasons.
<Foreign Currency Deposits>
- A minimum of 100,000 Yen equivalent. (When using Yen funds to start with, the minimum deposit amount required is 100,000 Yen.)
- For foreign currency time deposits of more than 1 year tenor, you can choose from the following currencies for a Monthly Smile: US dollar, Euro, Australian dollar, New Zealand dollar, British pound , Canadian dollar , Swiss franc , Norwegian krone and South African rand.
- For the purpose of the deposit, Yen will be converted to the respective foreign currency at the exchange rate (TTS: Telegraphic Transfer Selling Rate) prevailing on the date of deposit.
- On the date of maturity, when the amount is to be converted to Yen, the conversion will be based on the exchange rate (TTB: Telegraphic Transfer Buying Rate) prevailing on the date of maturity.
- Information Memorandum on foreign currency deposits is available at our branches. We would be pleased to provide them at your request. Please contact the Branch service counters or CitiPhone Banking for more details.
- Currently, Thai Baht deposit from other currencies is not accepted at Citibank.
- For foreign currency time deposit, no withdrawals are allowed before maturity, including those of deposits that have rolled over automatically. However, Step Up Time Deposit can be cancelled after the first 6 months from the date of deposit.
- <Notice of Foreign Currency Deposit>
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Risk of Loss of Principal
- When the exchange rate to convert a foreign currency to Yen fluctuates due to market conditions, there rises a risk of Loss of Principal due to an exchange-rate loss. The amount you receive at maturity, when its value is calculated in Yen, may become lower than the principal you originally deposited. Regardless of the condition of foreign exchange rate fluctuations, there is a risk of Loss of Principal because the TTB rate applied for converting a foreign currency back to Yen includes the foreign exchange commission as described below.
Commissions
- Foreign Exchange Commission : The exchange rate at which Yen is converted to a foreign currency (TTS rate) and the exchange rate at which a foreign currency is converted to Yen (TTB rate) each includes the foreign exchange commission prescribed by Citibank (e.g., 1 yen for conversion to or from 1 foreign currency; 2 yen for conversion to and from 1 foreign currency).
- Foreign Currency Cash Handling Charge : When you deposit or withdraw US dollar and Euro in cash, the Foreign Currency Cash Handling Charge (2 Yen per US dollar/3 Yen per Euro) and will be applied. Please note that no US dollar and Euro coins are accepted.
Other
- For foreign currency time deposit, no withdrawals are allowed before maturity, including those of deposits that have rolledover automatically. However, Step Up Time Deposit can be cancelled after the first 6 months from the date of deposit.
- Foreign currency deposits are not covered by any deposit insurance.
- Deposit to emerging-market countries' currencies has relatively higher risks than those of the developed countries.
- <About the Monthly Account Maintenance Fee>
-
Normally, Citibank automatically withdraws a monthly account maintenance fee in the amount of 2,100 yen from your account on the first business day of each month. However, this fee is waived if any of the conditions below apply:
- If your Total Average Monthly Relationship Balance in foreign currency for the previous month*1 is equivalent to 200,000 yen or more.
- If your Total Average Monthly Relationship Balance for the previous month*1 is equivalent to 500,000 yen or more.
- If you have a housing loan balance (including mortgage loan) or Personal Loan(unsecured) as of the end of the previous month.*1
- If your average monthly loan balance for Advance Money or card loans for the previous month*1 is 4 yen or more.
- If, as of the 25th of the previous month*1 (or if the 25th falls on a Saturday, Sunday or holiday, the previous business day), you are a member of a Gold Card or a Platinum Card (credit card) issued by Citi Cards Japan, Inc. and you have designated a Citibank account to pay card balances.
- If, as of the 25th of the previous month*1 (or if the 25th falls on a Saturday, Sunday or holiday, the previous business day), you are a member of a Citibank credit card issued by Citi Cards Japan, Inc.
- If you have opened a Yen Savings e-Savings Account online in the past *2 (does not apply if you have opened an e-Savings account as an addition to an existing Yen Savings Account)
- *1If the previous month is the month you opened your account, or the month after you opened your account, there is no fee, regardless of the above conditions.
- *2New applications for e-Savings has been terminated as of December 5, 2012
- Products and services featured here may not be purchasable or able to be provided to customers for various reasons determined by Citibank.
We kindly request your understanding in advance. - シティバンク銀行株式会社
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