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3w ago

SBI Group Introduces ‘Hyper Deposit’ With XRP Rewards and 0.42% Yield

The bank pairs a higher-yield yen account with token giveaways to bring XRP into routine finance through its Ripple partnership.

SBI Holdings introduces SBI Hyper Deposit with XRP gifts and rate cuts

Overview

  • The product links SBI Shinsei Bank deposits with SBI Securities to automate cash flows, including instant sweep of sale proceeds and scheduled auto-transfers.
  • Deposits earn 0.42% annually, a slight premium over the 0.40% rate cited for standard yen accounts at SBI Shinsei Bank, according to the reports.
  • New account holders are offered XRP rewards credited to exchange wallets, and customers receive preferential mortgage rates tied to participation.
  • Timing differs across coverage: CoinCentral reports the service has launched, while CryptoNinjas says the rollout is set for September 23, 2025.
  • SBI frames the move as the next step in its long-running collaboration with Ripple, following the SBI Ripple Asia venture and a 2021 ODL-powered remittance service via SBI Remit.