What is the new Aeon Bank interest rate and when does it start?

From March 1, 2026, Aeon Bank’s ordinary deposit rate is 0.30% for all customers. The bank is ending the former My Stage tier perks, so there is no status-based boost. This gives every saver the same headline rate and a clear baseline for comparing other deposit options in Japan.

How does 0.30% compare with 1‑year time deposits in Japan?

Many 1‑year time deposits pay about 0.40 to 0.45%. On ¥1,000,000, that is ¥4,000 to ¥4,500 before tax, versus ¥3,000 at 0.30%. After 20.315% tax, the extra net yield is roughly ¥800 to ¥1,200 per year, if you can lock the funds until maturity.

Should I move my savings from ordinary deposits to time deposits?

It depends on liquidity needs. Keep your emergency fund in ordinary deposits at 0.30% for instant access. Lock only the money you will not need before maturity. A simple ladder across 3, 6, and 12 months can improve yield while keeping regular access to maturing cash.

Are bank deposits in Japan safe, and how are they taxed?

Standard deposits are protected by deposit insurance up to ¥10 million in principal and interest per person per bank. Interest is generally taxed at 20.315% at source. Review each bank’s early‑withdrawal rules for time deposits, since breaking early can reduce interest to a lower rate.

Global Market Insights

Aeon Bank February 28: Savings Rate Set at 0.30%, My Stage Perks End

ByHuzaifa Zahoor February 27, 2026February 27, 2026

Aeon Bank interest rate changes arrive on March 1, 2026, when the bank ends Aeon Bank My Stage perks and sets the ordinary deposit rate at 0.30% for everyone. For households in Japan comparing Japan deposit rates, the choice now is clear: keep cash liquid at 0.30% or seek 1‑year time deposit Japan offers around 0.40 to 0.45%. We break down the math, trade‑offs, and what this shift means for funding costs and your savings plan.