What are the new Japan Post Bank deposit rates and when do they start?

Time deposit rates move to 0.375% to 0.700%, and fixed‑sum deposits to 0.310% to 0.510%. The new schedule starts on February 9. Actual yields depend on the chosen term. Confirm current listings at the branch or app before applying, as rate sheets can update without long notice.

How do these changes affect my savings versus a regular account?

Time deposits now offer higher guaranteed returns than ordinary accounts but require locking funds for a set term. At 0.700%, 1,000,000 yen earns about 5,578 yen after tax in a year. If you need flexible access, keep some cash in an ordinary account and place surplus in terms.

Should I lock in 0.700% now or wait for possible BOJ moves?

Consider a ladder. Place part at today’s top rate to secure income, and keep part short to benefit if rates rise. If the BOJ signals stability, current offers could hold. If expectations change, banks may reprice. Diversifying terms helps manage that uncertainty without timing perfectly.

What taxes apply to deposit interest in Japan?

Interest on deposits is generally subject to a 20.315% tax, which includes income, resident, and reconstruction surtax components. Banks withhold this tax at source, so you receive net interest. Check if any special NISA or tax‑advantaged options apply to your situation before deciding on term length.

Global Market Insights

February 07: Japan Post Bank Raises Term-Deposit Rates to 0.7% Max

ByDanny Kontos February 7, 2026February 7, 2026

Japan Post Bank deposit rates will rise from February 9, lifting time deposit rates to 0.375% to 0.700% and fixed‑sum deposits to 0.310% to 0.510%. The change highlights tighter yen funding and a shifting BOJ policy outlook. For savers, higher guaranteed yields are welcome. For investors, the move signals stronger competition for deposits and possible pressure on bank margins. We explain what changed, expected returns after tax, and how this step could influence funding costs and flows into JGBs.