Interest rates on time deposits of 3 to 10 million yen Japan 2023-2024, by maturity

Published by Statista Research Department, May 24, 2024

As of March 2024, the average interest rate on new time deposits of three to less than 10 million Japanese yen of banks in Japan stood at 0.21 percent per annum for time deposits with a maturity of three to less than six months. By comparison, new time deposits with a maturity between two and three years reached an interest rate of 0.06 percent per annum.

Average monthly interest rates on new time deposits of three to less than ten million yen of banks in Japan from January 2023 to March 2024, by maturity

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Release date

May 2024

Region

Japan

Survey time period

January 2023 to March 2024

Special properties

values have been rounded

Supplementary notes

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 0.64 U.S. dollars or 0.6 euros as of May 2024.

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