Compare Fixed-Rate Deposits in Japan

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20 live offers compared from 20 providers, from 2.50 ％ きもい. Updated daily.

What are fixed deposits in Japan?

A fixed deposit (定期預金, teiki yokin) is a time deposit that locks a sum of money for a set term — from one month to several years — in return for a higher interest rate than an ordinary savings account. After a long era of near-zero rates, Japanese fixed deposits have become more attractive as interest rates have edged up, and they remain the go-to safe home for money savers do not need immediately.

How the Japanese market works

Every bank offers teiki yokin, but rates and campaigns vary. Online and retail-linked banks such as Aeon Fixed Japan often run promotional rates to win deposits, regional banks like Fukuoka, Hachijuni, Joyo and Ogaki compete locally, and megabanks such as MUFG and Mizuho plus Japan Post Bank offer nationwide stability. Special campaign deposits, tiered rates for larger balances, and auto-renewal options are common differentiators.

Benefits

Guaranteed return — the interest rate is fixed for the term, so you know exactly what you will earn.

Deposit insurance — balances are protected under DICJ deposit insurance up to ¥10 million in principal plus interest per depositor per bank.

Simple and safe — no market risk and no fees, making it ideal for capital you want to preserve.

How to choose

Compare the annual rate for the term you want, and watch for promotional rates that apply only to new money or specific balance bands. Decide on the term carefully, since early withdrawal usually forfeits most of the agreed interest. Check whether the deposit auto-renews at the prevailing rate or matures to your ordinary account, and keep any single bank's balance within the ¥10 million insured ceiling to stay fully protected.

Leading providers in Japan

Aeon Fixed Japan and other online-linked banks often top the rate tables with campaigns. Regional banks — Fukuoka Fixed Japan, Hachijuni Fixed Japan, Joyo Fixed Japan and Ogaki Fixed Japan — serve local savers competitively. MUFG Fixed Deposit Japan, Mizuho Fixed Japan and Japan Post Fixed offer the reassurance of the largest institutions and nationwide access.

What it costs

Fixed deposits carry no account fee — you simply commit the principal for the term. Advertised annual rates in the current market span roughly 0.025% to around 0.5%, with the highest figures usually tied to promotional campaigns, longer terms or larger balances. Interest is subject to the standard withholding tax on deposit interest. Breaking the deposit early typically drops you to a much lower penalty rate.

Protections and regulation

Banks are supervised by the Financial Services Agency (FSA), and deposits are covered by the Deposit Insurance Corporation of Japan (DICJ): up to ¥10 million of principal plus accrued interest per depositor at each insured bank is protected if the bank fails. This makes fixed deposits one of the safest savings vehicles available, provided you keep within the insured limit at any single institution.

Common questions

Can I withdraw early? Usually yes, but you forfeit most of the promised interest and receive a low penalty rate on early cancellation.

Are my savings safe? Yes — DICJ insurance covers up to ¥10 million plus interest per bank, so spreading larger sums across banks keeps everything protected.

Fixed-Rate Deposits in Japan — FAQ