Japan's SBI Shinsei Bank triples interest rate for young depositors

Lender will offer those 28 and younger 0.3% rate attract future borrowers

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SBI Shinsei Bank is looking to form long-term relationships with younger customers. (Photo by Katsuji Kamei)

YUKI SEKIGUCHI, Nikkei staff writer

TOKYO -- Japan's SBI Shinsei Bank will raise interest rates for depositors 28 and younger to 0.3% per year, roughly three times the usual amount for ordinary deposit accounts, in a bid to win future customers.

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