The interest rate went up, but only on the downside: why are the banks harassing us?

The Bank of Israel raised the interest rate, which means that money is getting more expensive.

But in the bank it only gets more expensive on the minus side, what happens to those who are in the plus side?

"We have solved" has an answer!

Walla!

Of money

09/23/2022

Friday, September 23, 2022, 12:19 Updated: Tuesday, September 27, 2022, 08:57

• Share on Facebook

• Share on WhatsApp

• Share on Twitter

• Share by email

• Share in general

• Comments

  Comments

Well, we solved it - the banks and interest (without)

When interest rates rise, money becomes more expensive.

Even those who are not experts in economics know this.

But any of us who have a current account in the bank with a debit balance (minus) and at the same time a nice deposit in shekels, knows that while the minus has become more expensive, the deposit has received an increase of a few fractions of a percent.

It is clear that the banks need to make a profit and therefore the money they sell us (credit) costs more than the money that they buy from us (deposit), but how is it that the differences are so large, and most importantly - what can be done?

"Wella We Solved", the program that not only floods problems but also provides solutions, went to hear what Liat Ron had to say on the subject - and came back with some Interesting answers.

• Of money

Tags

• banks

• interest

• Deposits

• security deposit