Manage assets with foreign currency deposits! Let's start asset management at Sony Bank!

With the recent series of tax increases and price hikes, many people may be thinking about asset management for the future.
There are various ways to invest in assets, so you may be wondering how to start asset management.
If you want to go all the way, you may want to start managing your assets easily, even with a small amount of money.
We recommend asset management in foreign currency for such a person.
When you hear the word "foreign currency," you are probably familiar with it when you go abroad and exchange yen into the foreign currency of the destination country.
In addition to currency exchange, there are other asset management options such as foreign currency deposits where you can earn interest and foreign exchange gains by making deposits in foreign currencies.
If you manage foreign currencies well, you can increase your personal assets.

Foreign Currency Investment

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Foreign currency deposits are one of the asset management options available in Japan.

• Higher interest rates than deposits in Japan
• You can earn foreign exchange gains or losses.

As advantages, interest rates are higher than deposits in Japanese yen, and you may be able to earn foreign exchange g ains or losses from fluctuations in exchange rates.
Currently, when you deposit money in a Japanese bank, the interest rate is as high as 0.001%, and the interest rate you can receive is not so high even if you deposit money for a long period of time.
However, with foreign currencies, depending on the type of foreign currency, the interest rate tends to be higher than in Japan, so the interest you can receive will be higher.
Foreign exchange gains are generated by watching the daily changing exchange rates and exchanging your money at the right time to make a profit.

Criteria for Selecting a Bank that Offers Foreign Currency Deposits

To start a foreign currency deposit, you need to open an account at a bank that handles foreign currencies.
Here are some of the criteria to consider when opening an account at a bank!

Currency Type

When deciding which currency to start foreign currency deposit, it is of course important to know what kind of currency you want to deposit, but it is also important to know what kind of currency each bank handles.
Each bank handles different types of currencies, so please check before opening an account.

Interest Rates

One of the advantages of investing in foreign currencies compared to making deposits in Japan is the interest rate, which varies from bank to bank.
The interest rate figures may vary from bank to bank, and in some cases, the bank may offer a campaign to raise the interest rate higher than usual, so this is also helpful when choosing a bank.

Foreign exchange cost

When converting yen to foreign currency or vice versa at a bank, exchange fees are charged.
The cost varies from bank to bank, but it is higher at banks such as Sony Bank and Rakuten Bank than at over-the-counter banks. Internet bankers charge lower commissions. The cost of foreign currency exchange fees varies from bank to bank.
Therefore, it is recommended to open an account at an online bank when you want to invest in foreign currency!
There are also other benefits such as preferential programs, so make good use of them.

If you want to make a foreign currency deposit, we recommend Sony Bank, an online bank!

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Various banks offer foreign currencies, and among them, we recommend Sony Bank, an online bank.
Sony Bank is highly rated by users in many areas such as interest rates, commissions, and information provided, and has been ranked No. 1 overall in customer satisfaction for foreign currency deposits in the 2022 Oricon Customer Satisfaction Survey for three consecutive years!
Furthermore, the exchange rate is updated as needed, the current exchange rate is displayed to the second decimal place for easy understanding, and there are many campaigns available.
Here are some of the features of Sony Bank.

Free exchange rate for a limited time!

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From the day you open your account to the last day of the month following the month in which your account was opened, you will receive a discount on the purchase of foreign currency (against the yen)! No foreign exchange cost (0 yen) The rate will be reduced to JPY1,000 per month!
Even if you can successfully increase your assets with a foreign currency deposit, it will be worthless if you have to pay foreign exchange fees.
Since foreign exchange fees are quite expensive, it is nice to have no foreign exchange fees.
Sony Bank also has a preferential program, Club S.
In this program, you can get the maximum exchange cost by earning a stage. Up to 4 sen down from the usual 15 sen (for USD/JPY), and the Sony Bank WALLET Up to 4 times cash back rate The benefits of this program are as follows.

Wide range of currencies handled!

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Sony Bank WALLET is available in all currencies except Yen.

• US Dollar
• Euro
• British Pound
• Australian Dollar
• NZ Dollar
• Canadian Dollar
• Swiss Franc
• Hong Kong Dollar
• Brazilian Real
• Chinese Yuan Renminbi
• South African Rand
• Swedish Krona

Foreign currency savings accounts and foreign currency time deposits are, of course, available. Total 12 currencies You can make foreign currency savings and time deposits as well as savings purchases starting from as little as 500 yen.

Full of services that increase interest rates!

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One of the attractions of managing foreign currency deposits is the interest rate.
Interest rates are one of the advantages of foreign currency deposits.
However, many people may think that it is difficult to increase the interest rate.
Sony Bank not only increases interest rates depending on the deposit period, but also offers a variety of interest rate programs such as the " Limited Interest Starting with Yen" service, which offers a higher interest rate on foreign currency time deposits, and the " Set Time Deposit Program", which increases the interest rate on the yen time deposit by applying for both yen and foreign currency time deposits at the same time. The "Set Time Deposit Program " is recommended for foreign currency beginners as well.

Real-time rates are available for checking rates.

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When you are ready to buy or sell a foreign currency, you want to know how much it is trading at in the near future for the sake of marginal profit.
Sony Bank is an online bank, so you can check the rate in real time!

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You can also check the current exchange rates against the yen and the dollar for the 12 currencies that Sony Bank handles, making it easy to make comparisons!

Foreign currency remittance can be done online

You can send and receive foreign currencies online at Sony Bank, without having to visit a physical store.
Also, if you register the payee in advance, you can apply for money transfers during non-system maintenance hours, which is very convenient.
The system supports as many as 11 currencies, so you can complete the procedure without incurring unnecessary costs.

Try Foreign Currency Deposit with Sony Bank for the first time!

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There are three ways to open an account at Sony Bank: "Paperless Account Opening," " Smart Phone Account Opening," and " Account Opening by Mail.
It takes about 2 days to open a paperless account, about 3 days to open a smartphone account, and about 3 or 4 days to open an account by mail, depending on the timing of the mailing.
It is very helpful to be able to choose the account opening method that is easy for you.
Also, when you open a new account, there are many referral programs and campaigns, so you should make good use of them.

Foreign currency deposit is one of the asset management options.
If you are going to start a foreign currency deposit, it would be better to start with a bank that offers various benefits and is easy to use.
Sony Bank offers foreign currency savings accounts and time deposits as well as savings accounts that can be started from a low amount.
If you are familiar with foreign currency deposits, you may want to start savings account as well.
We encourage you to choose Sony Bank as your first choice for foreign currency deposits.
For more information on Sony Bank's foreign currency deposits, please visit the official Sony Bank website!