Maximum savings: The revolution in credit card savings of the company Max
No more complicated inquiries, topology and other headaches.
For the first time in Israel, max allows you to save, using the credit card, in the app and on the website, easily, conveniently and in several routes
In collaboration with max
26/06/2022
Sunday, 26 June 2022, 11:13
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We want to save, we have to save, but some of us do not have the strength for all the inquiries and "topology" involved in the process.
Therefore, it is worth getting to know the new savings options of max, which with the help of the credit card allow us to save easily, conveniently and in several routes in the app and on the website.
"Keep a white shekel for a black day," says an old saying.
And really, most of us seem to do that.
98% of Israelis save money and about 64% of savers do so every month.
Many of us tend to save not only for a specific purpose, but put money aside to deal with unforeseen situations that may come at any stage in life: whether such happy ones as apartment renovation or family vacation or whether it is urgent medical care, a waiting period between two jobs, Vocational retraining and more.
Customers of max savings policies state that for them the main advantages of these are the flexibility in switching between routes and the ability to withdraw money at any moment (Photo: ShutterStock)
Many fear that saving involves an exhausting process of endless inquiries and consultations with family, friends and professionals, a process required to answer questions like how to save and where to invest.
Everyone has a different piece of advice and savers may come out more confused than they were when they went into the clarification process.
Many also shy away from the thought of forms and more forms, signatures and a lot of time will be lost.
But it does not have to be this way.
According to a survey conducted by the "Sustainable" company for max - the percentage of Israelis who prefer to save digitally is 48%.
max, then, picked up the glove and rallied to allow us just that.
Max's new savings offers address the desire to save easily and comfortably, and for the first time using a credit card.
max savings eliminates the need to transfer money to a special account and allows you to turn your savings income easily and in a few simple steps that are done in the app or on the website, without leaving the house at all.
98% of Israelis save money and about 64% of savers do so every month (Photo: ShutterStock)
How is this done?
The service is provided to the various credit card holders of max (and to them only) by max insurance from max finance.
It offers a savings policy for the investment of "direct insurance" and under its responsibility.
To start saving, simply go to the site or the max app and join the selected savings plan in a few simple steps.
All easily and conveniently, without filling out forms or signing standing orders.
The policy is supervised by the Capital Market, Savings and Insurance Authority of the Ministry of Finance and is flexible in the amounts that must be deposited in it: it is possible to deposit a fixed monthly amount or make one-time deposits.
In addition, you can withdraw the money at any time and without paying a commission.
The savings deposit is made through a max card and goes down just like any other expense made with the card.
Money aside: A plan is available for the short term
A route suitable for those who want to save for the short term without investing the money.
All you have to do is put money aside directly from the credit card, on the website or in the max app.
You can deposit at any time and any amount you want (starting from NIS 50), without paying fees and management fees.
The money is available for withdrawal within 3 business days.
Advantages of a money plan aside: the money is saved for savings separately from the current one, you can save any amount you want and the money will be available when you want to spend it.
The balance of the savings is reflected to the saver on the site or app and so he knows exactly how much he has saved, since all the information is available in a transparent and clear manner.
The lack of fees and management fees ensures the exact amount in advance, with no surprising costs that go down afterwards.
Money Plus: Savings in order to earn returns
The policy is intended for investment in the capital market.
It is managed by the insurance companies (and not by investment houses) and is supervised by the Capital Market, Savings and Insurance Authority of the Ministry of Finance.
You can deposit a fixed monthly amount or make one-time deposits.
The policy is suitable for those interested in a return-bearing investment with the option to exit at any time.
This is an investment with varying risks, in which you can choose between 4 tracks.
The minimum amount for a deposit is NIS 200 for a monthly deposit and NIS 2,500 for a one-time deposit.
The management fee in this program is up to 0.9%.
Advantages of the Money Plus program: The money is saved for savings separately from the current one.
You can save any amount you want and the money will be available when you want to spend it.
The balance of the savings is reflected to the saver on the website or app - this way he knows exactly how much he has saved, since all the information is available in a transparent and clear manner. You can accumulate additional profit in the various investment routes and use the money for any purpose.
And there are even more
customer benefits of max savings policies suggest that for them the main benefits of these are the flexibility in switching between tracks and the ability to withdraw the money at any moment.
The saver can switch, for example, from a stock track to a solid track, so the switch is not considered a sale and he is not required to pay tax on the profits.
This is in contrast to mutual funds, where capital gains tax must be paid in the event of a transfer from one fund to another fund.
The ability to withdraw money whenever you want allows you to be calm that if, not us, a financial emergency arises - the amount (or part of it) can be "thawed" easily and quickly.
So no matter if your goal is to save for the short or long term - saving in a daily and simple way brings you closer to achieving that goal.
To join max savings >>
important to know:
Max savings: "Money aside" - the savings do not accrue interest and do not yield a return.
Savings policy - from IDI through Max Insurance Agency Ltd. The savings are invested in the capital market and the return is not guaranteed. There are no past returns to indicate returns that will be borne in the future. Pension and / or adjustment of the product to the customer | Regarding the max card - non-compliance with the repayment of the loan / credit may result in interest on arrears and enforcement proceedings | Subject to the conditions of joining and the approval of max
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