As of August 2024, the average interest rate on new time deposits of three to less than 10 million Japanese yen of banks in Japan stood at 0.22 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 0.13 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 August 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 0.69 U.S. dollars or 0.62 euros as of October 2024.
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Bank of Japan. (October 10, 2024). Average monthly interest rates on new time deposits of three to less than ten million yen of banks in Japan from January 2023 to August 2024, by maturity [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Bank of Japan. "Average monthly interest rates on new time deposits of three to less than ten million yen of banks in Japan from January 2023 to August 2024, by maturity." Chart. October 10, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Bank of Japan. (2024). Average monthly interest rates on new time deposits of three to less than ten million yen of banks in Japan from January 2023 to August 2024, by maturity. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Bank of Japan. "Average Monthly Interest Rates on New Time Deposits of Three to Less than Ten Million Yen of Banks in Japan from January 2023 to August 2024, by Maturity." Statista, Statista Inc., 10 Oct 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Bank of Japan, Average monthly interest rates on new time deposits of three to less than ten million yen of banks in Japan from January 2023 to August 2024, by maturity Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/ (last visited November 10, 2024)
Average monthly interest rates on new time deposits of three to less than ten million yen of banks in Japan from January 2023 to August 2024, by maturity [Graph], Bank of Japan, October 10, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
