As of June 2024, the average interest rate on new time deposits of 10 million yen or more of banks in Japan reached 0.15 percent per annum for time deposits with a maturity of two to less than three years. Fixed-term deposits with a maturity of six months to less than one year reached an interest rate of 0.17 percent per annum.
Average monthly interest rate on new time deposits of 10 million yen or more of banks in Japan from January 2023 to June 2024, by maturity
Figures of bank accounts of domestic banks which have transactions with the Bank of Japan. Excluding the Resolution and Collection Corporation and the Japan Post Bank.
Excluding time deposits with regulated interest rates.
Calculation method: new deposits during the month are aggregated at intervals of 0.1 percentage point, then the average rate is calculated using the lower rates of the intervals, weighted by the aggregated amount at each interval.
100 Japanese yen equal 0.67 U.S. dollars or 0.62 euros as of August 2024.
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Bank of Japan. (August 7, 2024). Average monthly interest rate on new time deposits of 10 million yen or more of banks in Japan from January 2023 to June 2024, by maturity [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1222524/japan-interest-rates-on-time-deposits-of-10-million-yen-or-more-by-term/
Bank of Japan. "Average monthly interest rate on new time deposits of 10 million yen or more of banks in Japan from January 2023 to June 2024, by maturity." Chart. August 7, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1222524/japan-interest-rates-on-time-deposits-of-10-million-yen-or-more-by-term/
Bank of Japan. (2024). Average monthly interest rate on new time deposits of 10 million yen or more of banks in Japan from January 2023 to June 2024, by maturity. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1222524/japan-interest-rates-on-time-deposits-of-10-million-yen-or-more-by-term/
Bank of Japan. "Average Monthly Interest Rate on New Time Deposits of 10 Million Yen or More of Banks in Japan from January 2023 to June 2024, by Maturity." Statista, Statista Inc., 7 Aug 2024, https://www.statista.com/statistics/1222524/japan-interest-rates-on-time-deposits-of-10-million-yen-or-more-by-term/
Bank of Japan, Average monthly interest rate on new time deposits of 10 million yen or more of banks in Japan from January 2023 to June 2024, by maturity Statista, https://www.statista.com/statistics/1222524/japan-interest-rates-on-time-deposits-of-10-million-yen-or-more-by-term/ (last visited November 21, 2024)
Average monthly interest rate on new time deposits of 10 million yen or more of banks in Japan from January 2023 to June 2024, by maturity [Graph], Bank of Japan, August 7, 2024. [Online]. Available: https://www.statista.com/statistics/1222524/japan-interest-rates-on-time-deposits-of-10-million-yen-or-more-by-term/
