TOKYO, Dec 03 (News On Japan) –
Starting in December, SBI Shinsei Bank has raised the rate of interest for strange financial savings accounts to 0.3%—about thrice the usual fee—for all depositors aged 28 and underneath.
This fee applies not solely to newly opened accounts but in addition to current accounts held by these within the age group.
As the Bank of Japan’s financial coverage enters a rate-hike part and competitors amongst banks to draw deposits intensifies, SBI Shinsei Bank goals to draw younger prospects by specializing in these of their late 20s. “Many life events, such as marriage, job changes, or relocation, occur during this stage of life,” the financial institution said, highlighting its efforts to increase its buyer base by concentrating on this demographic.
Source: FNN