Fixed Deposits Recommended for Kyoto Residents

Hello!
This is Kurama Tengu. ^^

It’s about money following the previous article.
It’s about the story of investment management.

There are many ways to do investment management.
Savings, time deposits, bonds, stocks, real estate, etc.

I am sure that everyone is involved in their own way, but this time I would like to talk about asset management methods unique to Kyoto citizens.

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You don’t want to reduce your savings.
I understand that you don’t want to invest and take risk of losing your principal.

Then time deposits are the best recommendation.
Even government bonds, which are relatively safe, will become a piece of paper in case of default.

Interest on time deposits at banks in Kyoto is low.
As I recall, the annual interest rate is 0.001% or something like that level.
Consumer prices go up every year, so if you deposit your money in such a place, your deposit will diminish.

There are a variety of banks and credit unions, but to sum up, my recommendation is to take advantage of the Osaka Kosei Shinkin Bank campaign (currently 0.40% for 5 years, etc.)

https://www.co-sei.co.jp/topics/otoku.html

The campaign interest listed here is being offered all the time, not just now.
It’s an Osaka shinkin bank, so there are no branches in Kyoto, but if you take the Hankyu train to Umeda, you can find a branch. Kyoto citizens can also deposit money.

As you may know, financial institutions have a system called the Deposit Insurance Corporation (DIC), which guarantee deposits up to 10 million yen in the event of failure of a single financial institution. If you want to deposit more than 10 million yen, you should look for other shinkin banks in Osaka. For pensioners, I recommend the “Osaka Shoko Shinkin Bank” annuity fixed term (currently 0.30% for one year).

https://www.osaka-shoko.co.jp/tameru/teikiyokin/

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Author

くらま天狗(Kurama Tengu)
Born and raised in Kyoto.
I like B-class gourmet food, and my favorite is Tenkaippin Ramen. (^o^)
I am good at making homepages and many other things.