Tokyo Star Bank, Ltd.
Star One Yen Savings Deposit interest rate increase targets and increase range will be expanded from July 1st ~ We aim to be the most economical and user-friendly account! ~
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Since September last year, Tokyo Star Bank, Ltd. (Minato-ku, Tokyo, President and Representative Executive Officer: Takeshi Ito) has been increasing the preferential interest rate on Yen Savings Deposits of 0.25% per annum for customers who receive salaries or pensions through Star One Accounts. The interest rate was raised to 0.1992% after tax) *1, but from July 1st (Monday), the scope of interest rate increases and the range of increases will be expanded as follows. In response to the expectations of many customers, we will further increase the value of your account in anticipation of future interest rate increases.
[Table 2: https://prtimes.jp/data/corp/118677/table/3_1_9105f7d617528df25ddc326926acc391.jpg ]
*The application of preferential interest rates is determined at the end of each month, and applies from the 5th business day of the following month in principle. Please check [Program Details]. In addition to virtually freeing up to eight times a month*3,4 to use ATMs from affiliated financial institutions located at megabanks, Japan Post Bank, and convenience stores nationwide, the Bank also offers free ATM usage fees*3,4 at Tokyo Star Direct (Internet Banking). We offer unique and advantageous services, such as making transfer fees to other banks virtually free*3, 5 for up to 5 times a month. We will continue to keep our customers’ perspective in mind and aim to provide the most profitable and user-friendly accounts for our customers.
[Value-for-money and convenient services of “Star One Account” *Underlined changes as of July 1st]
Yen savings deposit interest rate reaches maximum annual interest rate of 0.30% (0.2390% after tax)*1
ATM usage fees from affiliated financial institutions nationwide (total of over 140,000 machines*2) are virtually free for up to 8 times a month*3, 4
Transfer fees to other banks via internet banking are virtually free for up to 5 times a month*3, 5
Free exchange fees for all foreign currency deposit products*6 when depositing via internet banking (when converting yen to foreign currency)*7
[Program details] As of May 30, 2024
Under this program, a preferential interest rate of 0.25% per year will be applied to Star One Yen Savings Deposits of customers who meet any one of the three conditions 1. to 3. below. A preferential interest rate of 0.30% per year will be applied to Star One Yen Savings Deposits for customers who meet two or more conditions. The decision to apply preferential interest rates is made at the end of each month, and applies from the 5th business day of the following month in principle.
1.Customers with “salary/pension receiving account designation” ・ If the summary of the Star One Account Yen Savings Deposit transaction details states “salary transfer” or “pension”, preferential interest rates will be applied.
・If “salary transfer” is no longer listed, or if you do not receive a “pension” for one year from the month in which you last received your “pension”, the normal interest rate will apply.
2.Customers who hold a total of 3 million yen or more in asset management products (yen structured deposits, foreign currency deposits, investment trusts) as of the end of the month
・ Preferential interest rates will be applied if the total balance of all asset management products (yen structured deposits, foreign currency deposits, investment trusts) at the end of the month is 3 million yen or more when converted to yen.
・If the balance at the end of the month is less than 3 million yen, the regular interest rate will apply from the following month. 3.Customers who purchased investment trusts within the month and hold a NISA account as of the end of the month
・If you purchase an investment trust, complete the delivery*8 within the month, and hold a NISA account at the end of the month,
preferential interest rates will be applied.
・If you cancel your NISA account (including transferring it to another company due to a change in financial institution) or if the transfer is not completed within the month, the regular interest rate will apply from the following month.
*1 As of May 30, 2024
*2 Calculated from the number of ATMs installed at MICS affiliated banks, Seven Bank, and Japan Post Bank, which are affiliated ATMs of our bank. As of the end of September 2023 (as of the end of March 2023 for Japan Post Bank)
*3 Cashback on the first bank business day of the following month (excluding those who have canceled their account)
*4 The upper limit for cashback is 10% of the average deposit balance in the month in which the fee occurred.
*5 If you register with Tokyo Star Direct and choose not to send your Star One account statement by mail.
*6 Limited to products currently on sale as of May 30, 2024. *7 A fee will be charged when making a withdrawal (returning foreign currency to yen).
*8 Delivery is the delivery of funds upon settlement of a contracted transaction. It will take several business days from the application date/contract date until the delivery is made.
More details about this release:
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