Setouchi City, Okayama Prefecture, is announcing a nationwide recruitment for financial institutions that meet specific criteria to participate in time deposit bidding (interest rate quotes). The purpose is to expand the scope of financial institutions beyond the traditional local framework to include a wider range of bidders when there is surplus payment capital, thereby securing better interest rates. The deposit amount is 300 million yen (one unit), with a deposit date of June 22, 2026, and a term of 6 months. The deposit will be automatically terminated upon maturity. Interested institutions must submit an 'Interest Rate Quote' via email to the Setouchi City Accounting Office by noon on June 2, 2026.
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- Source: PR TIMES
- Category: public_notice