Interest rates on major banks' savings deposits to be 0.4% from August due to additional interest rate hike by the Bank of Japan
⚡ Quick Summary
In response to the Bank of Japan's decision to further raise interest rates, major banks have announced one after another that they will raise interest rates on savings deposits to 0.4% per year starting in August.
In response to the Bank of Japan's decision to further raise interest rates, major banks have announced one after another that they will raise interest rates on savings deposits to 0.4% per year starting in August. This is the first time since February that all banks have raised interest rates on savings deposits.
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