Bank to offer better interest rate if young golfer wins on Japan tour | HDR Japan | Japan News

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Bank to offer better interest rate if young golfer wins on Japan tour

Tuesday, 10 June 2008

GIFU -- Gifu Shinkin Bank will boost interest paid on term deposits if schoolboy golf prodigy Ryo Ishikawa wins a tournament on the Japan tour this season, bank officials said.

Should the high school boy-cum golf pro win one of the 16 tournaments on this year's Japan Tour, it will raise the interest on yearlong term deposits by 0.1 percentage points.

Bank officials said the increase will be a one-off regardless of how many victories racked up by the golfer popularly known as "The Bashful Prince."

The term deposits eligible in the program are year-long plans that pay interest of 0.5 percent, already 0.15 points higher than other year-long term deposits the bank offers.

Term deposits can be made in amounts from 100,000 yen to 5 million yen. The bank will accept deposits until July 25, or until the fund reaches 20 billion yen, whichever comes first.

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