Japan Post Bank Launches Savings Campaign with Baseball Star Ohtani
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Japan Post Bank is a big bank in Japan. People call it Yucho. Yucho has a new money plan. It started on November 17.
The plan uses a famous baseball player. His name is Shohei Ohtani. He plays baseball in America. Many people in Japan like him.
The plan is for a fixed savings account. This is a type of saving. You put money in the bank. You leave it there for some time. The bank pays you extra money. This extra money is called interest.
With this plan, the interest rate can be about one percent a year. This is more than the normal rate. People think this is a good offer.
The report looked at an example. If you put 300,000 yen in the bank for three years, you get more money back than with a different plan. That other plan is a government bond. A government bond is when you give money to the government. The government pays you back later with interest.
The report said the difference is about 6,700 yen. This means the bank plan gives you more money than the bond plan.
The bank says there are three good benefits in this plan. The report does not give all the details about them.
People who like saving money may want to check this new plan.
Vocabulary7 words
- Yucho
- a short name for Japan Post Bank
- fixed savings
- money you keep in the bank for a set time
- interest
- extra money the bank gives you for saving
- interest rate
- how much extra money you get, shown as a percent
- yen
- the money used in Japan
- government bond
- a way to give money to the government and get it back later with interest
- benefits
- good things you get from something
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Quiz
Answer key
1. Japan Post Bank (Yucho) 2. Shohei Ohtani 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Japan Post Bank is a big bank in Japan. People call it _____. Yucho has a new money plan. It started on _____.
The plan uses a famous baseball player. His name is _____. He plays baseball in America.
The plan is for a _____ account. You put money in the bank and leave it there. The bank pays you extra money called _____.
With this plan, the _____ can be about one percent a year.
If you put 300,000 _____ in the bank for three years, you get more money back than with a _____.
The report said the difference is about _____ yen.
The bank says there are three good _____ in this plan.
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