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Regarding changes in term deposit interest rates

PayPay Bank Co., Ltd.
Regarding changes in term deposit interest rates
……
PayPay Bank, Ltd. (Shinjuku-ku, Tokyo, President and CEO: Tomohito Takusa, hereinafter referred to as PayPay Bank) has raised its term deposit interest rate in light of fluctuations in market interest rates due to the Bank of Japan’s lifting of its negative interest rate policy. .
1. Yen fixed deposit interest rate
(1) Interest rates before and after change
-Individual customers-
unit:%
[Table 3: https://prtimes.jp/data/corp/3984/table/270_1_8627569b6880e1e028c372a19513522c.jpg] -Corporate and individual business owners-
unit:%
[Table 4: https://prtimes.jp/data/corp/3984/table/270_2_b44b3d978ff80298cb3ec4ad96a1644a.jpg ]
*Interest rates are shown as pre-tax annual interest rates.
*The above interest rate applies regardless of the deposit amount. *Interest is subject to tax of 20.315% (national tax 15.315% (including special income tax for reconstruction), local tax 5%). For corporate customers, only 15.315% of the national tax will be withheld, and local taxes will not be withheld.
*Interest rates for large time deposits of 300 million yen or more will be set individually depending on the deposit period and amount. *In the case of mid-term cancellation, the Company’s prescribed early cancellation (mid-term cancellation) interest rate will be applied depending on the elapsed period after deposit. Please check the URL below for details.
Information regarding handling of early cancellation:
https://www.paypay-bank.co.jp/save/fixed/net.html
*The above interest rates may change without notice depending on financial conditions. Please check the URL below for the latest interest rates.
Yen deposit interest rate: https://www.paypay-bank.co.jp/interest/deposit.html (2) Application start date
Deposit period of 3 years or less: Monday, April 1, 2024
Deposit period of 5 years or more: Monday, March 18, 2024
2. Yen savings deposit interest rate
Interest rates for yen savings deposits were also increased on Monday, April 1, 2024. Please check the URL below for details.
Regarding changes in ordinary deposit interest rates:
https://www.paypay-bank.co.jp/company/press/2024/0319.html
More details about this release:
https://prtimes.jp/main/html/rd/p/000000270.000003984.html



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