As of December 2020, the average interest rate on new time deposits of three to less than 10 million Japanese yen of banks in Japan stood at 0.26 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 0.02 percent per annum.
Average interest rates on new time deposits of three to less than ten million yen of banks in Japan in 2020, 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.
The rate is obtained as a weighted average of lowest interest rates by using new deposits in the month corresponding to 0.1 percent interval of the interest rate as the weight.
1 Japanese yen equals 0.0088 U.S. dollars or 0.0078 euros as of December 2021.
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Statistics Bureau Japan. (November 22, 2021). Average interest rates on new time deposits of three to less than ten million yen of banks in Japan in 2020, by maturity [Graph]. In Statista. Retrieved July 06, 2022, from https://www.statista.com/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Statistics Bureau Japan. "Average interest rates on new time deposits of three to less than ten million yen of banks in Japan in 2020, by maturity." Chart. November 22, 2021. Statista. Accessed July 06, 2022. https://www.statista.com/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Statistics Bureau Japan. (2021). Average interest rates on new time deposits of three to less than ten million yen of banks in Japan in 2020, by maturity. Statista. Statista Inc.. Accessed: July 06, 2022. https://www.statista.com/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Statistics Bureau Japan. "Average Interest Rates on New Time Deposits of Three to Less than Ten Million Yen of Banks in Japan in 2020, by Maturity." Statista, Statista Inc., 22 Nov 2021, https://www.statista.com/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/
Statistics Bureau Japan, Average interest rates on new time deposits of three to less than ten million yen of banks in Japan in 2020, by maturity Statista, https://www.statista.com/statistics/1223201/japan-interest-rates-on-time-deposits-of-3-to-10-million-yen-by-term/ (last visited July 06, 2022)
