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This product entails some risks such as loss of principal. Please see here for the details.
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Foreign Currency Time Deposit Navigator
Features of Foreign Currency Time Deposit
Zero FX Commission
With online banking, no foreign exchange commission applies when depositing from yen into a foreign currency time deposit − free for all 17 currencies.*
- *For purchases from yen to foreign currency made at branches or by phone, the foreign exchange commission is waived for transactions of 3 million yen or more.
17 Currencies Available
Manage your assets in a variety of currencies, including US Dollar, Australian Dollar, New Zealand Dollar, British Pound, Canadian Dollar, Euro, Swiss Franc, Singapore Dollar, Hong Kong Dollar, Chinese Yuan Offshore, Thai Baht, and more.
Interest Rate Premium
By depositing Japanese yen into an eligible foreign currency time deposit, you can benefit from an additional interest rate until the first maturity date. Eligible currencies include U.S. dollars, Australian dollars, New Zealand dollars, Canadian dollars, and Euros.
Choose Your Interest Payment Method
You may choose to receive your interest either in a lump sum at maturity or monthly on the last business day under the Monthly Interest Payment Type ("Monthly Smile").
Recommended For
Seeking stable interest income
Considering medium- to long-term
foreign currency investments
Planning to use foreign currency
at a specific time in the future
Transactions
Interest Rate Premium
For foreign currency time deposits, two types of premium interest rates are available.
①ENJOY PLUS
When you place a foreign currency time deposit from Japanese yen in the eligible currency and term, an additional interest rate, "ENJOY PLUS", will be applied on top of the standard interest rate until the initial maturity date. For customers with PRESTIA DIGITAL GOLD, PRESTIA GOLD, or PRESTIA GOLD PREMIUM status, we also offer an exclusive preferential interest rate, "ENJOY PLUS Gold".
Currencies
USD, AUD, NZD, CAD, EUR
Terms
2 weeks, 1, 3, 6 and 12 months
- *The additional interest rate will apply only until the initial maturity date. Even if the deposit is automatically renewed, the additional interest rate will not apply after the maturity date.
- *The additional interest rate may not apply to certain terms depending on the currency.
- *Eligible currencies and terms are subject to change without notice.
- *Please make your foreign currency time deposit directly from your Japanese yen savings account or the yen savings account within your PRESTIA MultiMoney Account. If funds are first deposited into a foreign currency savings account and then transferred to a time deposit, the "ENJOY PLUS" additional interest rate will not apply.
- *Select "From Yen funds to foreign currency time deposit" to confirm the applicable "ENJOY PLUS" interest rate.
②Add-on Interest Rate by Deposit Amount
When you make a foreign currency time deposit of JPY 20 million equivalent or more from Japanese yen funds or a foreign currency savings account, an additional interest rate will apply.
For each transaction, either the additional interest rate based on the deposit amount or the "ENJOY PLUS" interest rate, whichever is higher, will apply. Please confirm the applicable interest rate at the time of the transaction.
Currencies
USD, AUD, NZD, GBP, CAD, ZAR, NOK
Terms
Varies by currency.
- *Depending on the applicable currency, there may be periods during which the preferential interest rate does not apply.
- *Preferential interest rates are subject to change without notice due to market conditions or other factors.
- *Select"Add-on Interest Rate by deposit amount" to confirm the applicable add-on interest rate.
Example of Managing a Foreign Currency Time Deposit
Assumptions
Initial amount in yen: 1,500,000 yen
Currency: US Dollar
Term: 1year
Interest Rate: 3.00% p.a.
TTS rate at the time of deposit (rate for exchanging yen to foreign currency): 1 USD = 150 yen
01
Initial Deposit
Starting Amount
02
Deposit into US Dollar Time Deposit
(Initial yen amount ÷ TTS rate at time of purchase)
Deposit Amount
03
Amount at Maturity
(Principal + After - Tax Interest)
Amount at Maturity
Calculation example :
Interest before tax：
10,000 USD × 3.00% = 300 USD
Tax：
300 USD × 20.315% = 60.94 USD
Interest after tax：
300 USD - 60.94 USD = 239.06 USD
Amount at Maturity：
10,239.06 USD（Principal : 10,000 USD + Interest : 239.06 USD）
04
TTB rate at Maturity
If yen weakens
TTB rate at Maturity
(rate for exchanging foreign currency to yen)
1 USD = 160 yen
Gain : 138,249yen
Calculation example :
10,239.06 USD × 160 yen = 1,638,249 yen
1,638,249 yen - 1,500,000 yen = 138,249 yen
If yen strengthens
TTB rate at Maturity
(rate for exchanging foreign currency to yen)
1 USD = 140 yen
Loss : 66,532yen
Calculation example :
10,239.06 USD × 140 yen = 1,433,468 yen
1,433,468 yen - 1,500,000 yen = △66,532 yen
- *The foreign exchange rates and interest rates shown herein are for illustrative purposes only and may differ from those applicable to actual transactions.
- *The after-tax annual interest rate is calculated by deducting a tax rate of 20.315% from the pre-tax annual interest rate and truncating the result to the third decimal place. In practice, interest is calculated on a per diem basis assuming a 365-day year and paid accordingly.
Smart Ways to Use Your Foreign Currency
How to Utilize Foreign Currency Time Deposit After Maturity
Manage Assets in Foreign Currency
Even after maturity, you can keep your funds in foreign currency and put them to work in a range of foreign currency deposits. Managing your assets in foreign currency lets you pursue return opportunities while managing exchange rate risk.
Use Foreign Currency
Directly from Your Account
With GLOBAL PASS®, you can make payments in foreign currency when shopping overseas and withdraw foreign currency cash from ATMs. Using foreign currency directly helps reduce foreign exchange costs.
Brief Description of Product
Create your own financial portfolio from 17 different foreign currencies and a wide variety of time periods to meet your investment needs.
For time deposits with a tenor of 1 year or more, "Monthly Interest Payment Type (Monthly Smile)" is available as an interest payment option. If you select this option, interest will be paid monthly at the end of the month and credited either in the deposited foreign currency or Yen, based on your choice at the time of making the deposit. (Conversion rate to Yen includes the foreign exchange commission.)
- Cancellation before maturity
- Cancellation of "Foreign Currency Time Deposit" is not allowed before maturity, including those that have rolled over automatically, except that SMBC Trust Bank determines cancellation is unavoidable. In the event that cancellation is determined unavoidable, depositor may be required to pay settlement fee due to changes in financial circumstances, etc.
- Applicable currencies
-
USD, AUD, NZD, GBP, CAD, CHF, EUR, SGD, HKD, CNY*, THB, ZAR, TRY, MXN, NOK, SEK, DKK (Please note that there are cases where some currencies may not be offered due to the country's regulations and / or market conditions.)
SMBC Trust Bank may determine that some currencies are not available for "Monthly Interest Payment Type (Monthly Smile)".
*SMBC Trust Bank handles Chinese Yuan offshore only and uses "CNY" to denote RMB(Renminbi) funded in the offshore market, based on the currency code used on the global settlement system, while onshore RMB circulates on Mainland China. - Term availability
- 1 week, 2 weeks, 1, 3, 6, 7, 9, 12, 24, 36 and 60 months; and other terms determined by SMBC Trust Bank. The available term(s) for each currency will be determined by SMBC Trust Bank.
- Automatic renewal
- Available for Time Deposits up to 1 year term. For "Monthly Interest Payment Type (Monthly Smile)", it is available for deposits with 1 year term only.
When SMBC Trust Bank receives instructions before maturity for automatic renewal, the matured deposit will be renewed as a time deposit of the same term and in the same currency. SMBC Trust Bank, however, may determine that automatic renewal is not applicable for some term(s). - Deposit amount
- The minimum amount required is 100,000 yen equivalent. (When using Yen funds to start with, the minimum deposit amount required is 100,000 yen.)
- Withdrawals
- Unless SMBC Trust Bank receives instructions for automatic renewal, the principal and interest shall be paid together at maturity into PRESTIA MultiMoney Foreign Currency Savings Deposit in the deposit currency, and can be withdrawn from the maturity date. When "Monthly Interest Payment Type (Monthly Smile)" is selected as interest payment option, the principal shall be paid in a lump sum into PRESTIA MultiMoney Savings Deposit in the deposit currency. The maturity amount can be withdrawn from the maturity date.
- Interest - Applicable rates
The interest rate applied from the date of deposit will be the one offered at the point of making the deposit. In the case of auto-renewal, the interest rate for the same Foreign Currency Time Deposit term and the currency on offer on each maturity date shall apply. When auto-renewal does not apply, The deposit interest rate of the account to which the maturity funds are credited will apply on and after the maturity day.
Interest rates may change according to market conditions and are subject to change without notice any time. For the latest rates, please refer to the link below.
Foreign Currency Time Deposit Interest Rates- Interest payment method
-
Interest is paid in a lump sum at maturity.
When selecting "Monthly Interest Payment Type (Monthly Smile)" as interest payment option
The last business day of each month during the period from the deposit date to the maturity date shall be the Interim Interest Payment Date, on which the interest (calculated by contracted rate) due each month is paid.
However, funds can only be withdrawn from the following business day thereafter.
Interim interest shall be credited to your account either in Yen or in the same currency of deposit, as designated by the depositor on the date of deposit. If the interest payment currency is Yen, SMBC Trust Bank shall convert the interim interest due at the posted TTB rate (including the foreign exchange commission) prevailing on the Interim Interest Payment Date. The currency designated for interest payments cannot be changed. The last interest payment can be withdrawn from the maturity date.
The deposit interest rate of the account to which the interest is credited will apply on and after the interest payment day.What is the "Monthly Interest Payment Type (Monthly Smile)"?
Monthly Smile is a "Foreign Currency Time Deposit - Monthly Interest Payment Type," under which interest is paid on the last business day of each month.
You may choose to receive interest in either the deposit currency or Yen at the time of deposit (the interest payment account and the receiving currency cannot be changed after the deposit is made).-
Applicable currencies
US Dollar, Australian Dollar, New Zealand Dollar, British Pound, Canadian Dollar, Euro, Swiss Franc, Singapore Dollar, Chinese Yuan Offshore, South African Rand, Turkish Lira, Mexican Peso, Norwegian Krone, Swedish Krona, Danish Krone -
Deposit term
1 year, 2 years, 3 years, or 5 years (some currencies may not be offered for the 2-, 3-, and 5-year terms). For details, please see the Foreign Currency Time Deposit Interest Rate Page.
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Applicable currencies
For non-account holders
Available 24/7
FAQ
Please read before making any transactions.
This product entails some risks such as loss of principal in Japanese yen.
Please read "Information Memorandum and Pre-Contract Document" carefully and make sure you have full understanding of the product, associated risks, and commissions before making a transaction.
Please see here for the details of Risk of loss of principal, Commissions, Other considerations and available currencies, etc.