Banks offer up to 15% annual interest on New Taiwan Dollar deposits

Banks are offering high-interest New Taiwan Dollar deposit rates, with some reaching up to 15% annually, to attract customers before year-end. Several banks, including Rakuten International Bank, First Commercial Bank, and O-Bank, are providing promotional rates. Rakuten International Bank offers a rare 15% annual interest rate for a short-term deposit. These offers coincide with year-end financial planning and potential US interest rate cuts, aiming to mitigate currency fluctuations and capitalize on year-end investment opportunities.