Is reality changing? Not sure what to do with the money? Take an orange deposit at a special interest rate! | Israel today

Judging by the morbidity data and expert opinion, the fourth wave of the corona is fading.

How long will this trend last and when - if at all, will the fifth wave come?

No one can say.

What is certain is that reality changes from day to day, and in such a situation there is no room to take unnecessary risks, especially when it comes to our money.

According to data from the Bank of Israel, along with the increased increase in the public's current balances following the Corona crisis, the volume of daily spending on credit cards reached a peak of NIS 1.3 billion last August, an increase of 13% compared to the average daily expenditure in August 2020.

The reasons for this are clear: removing the restrictions and opening up the economy constituted an "invitation" to the Israeli public to "fill in gaps" and return to consuming vigorously - restaurants, entertainment, vacations, shopping - and the hand is still out.

But unlike a "normal" reality, we must not forget that we are in a deceptive 'corona' routine, which can change at any moment.

Therefore, when it comes to money management, one has to find the right balance between the multiplicity of expenses and the saving and saving of money for essential needs and unforeseen expenses.

Do not know when you will need the money?

One of the questions that comes up again and again among the public these days is: "What to do with the money at a time like this?"

- How is it maintained and prevent losses, and what is the right thing to do with it as long as there are no specific plans or uses for it?

Some people think that the way to deal with uncertainty is to "save" the money in the current account, but this is a common mistake - which may lead to the opposite situation.

For details and to join an orange deposit with an excellent interest rate that jumps and rises >>

 According to

"The investing public is really confused, and it has every reason to do so. The increases in the capital market are nice, but they raise concerns about possible declines later; the real estate market is boiling, Will be the new regulatory provisions and how they will affect it particularly during this period;

And even among those who have already purchased real estate, the question arises where to keep the money in the meantime, until the property is received. To be wasted in all the 'flood' of expenses. "

Ella Vigader, Director of the Financial Sector in Mizrahi Tefahot.

Photo credit: Ilan Besor,

Mizrahi-Tefahot has a safe solution - deposits!

Along with the various investment channels available in the market, there is the deposit channel - which is considered a truly safe channel, which allows money to be kept alongside liquidity, in accordance with pre-defined needs.

Within the banking system, Mizrahi-Tefahot is the leading bank in the field of deposits and offers a rich variety of fruit-deposits, adapted to changing economic conditions, which allow each saver to find the relevant deposit for him - according to his needs and goals.

Mizrahi-Tefahot's deposit basket contains a variety of deposits that offer immediate availability of funds, or medium- and long-term deposits with different and pre-determined departure stations, depending on the goals you define and the period of time you will need the money.

What is certain - in the meantime, the money enjoys interest throughout the deposit period.

Customers of all banks can enjoy the variety of Mizrahi-Tefahot deposits, and there is no need to go through a bank or open a current account for this purpose. In an easy process, an account is opened for depositing the deposit money, without any fees or special costs.

Looking for a solution that allows you to both earn and use money at any point in time?

Take an orange!

Understanding the need during this period, when the public is debating how to manage its money until a decision is made about it, Mizrahi-Tefahot is currently offering a deposit with a special and time-limited interest rate - an orange deposit.

An orange deposit is a deposit for a period of 4 years, with the option of daily liquidity, in a short notice of 35 days, offering interest that increases throughout the deposit period.

Wigdar explains: "Unlike our other deposits where the interest rate is rated, in the Orange deposit the interest rate really jumps and grows at a fast pace - after 3 months, and then every 6 months, which actually allows after some period, enjoy a nice annual interest rate compared to interest rates offered in the market or other deposits. "Those who need money during the period will be able to enjoy daily liquidity with a notice of only 35 days."

The investment professionals are

Want to deposit an orange deposit and enjoy the special interest rate?

Interested in consulting a professional and choosing the right deposit for you?

The Investment Center is available to customers of all banks by calling 8860 *, every day until 23:00 at night and on Fridays until 13:00 at noon.

The investment professionals will be happy to adjust the relevant deposit for you, depending on the needs and goals you define.

In addition, you can contact the banker at the Mizrahi-Tefahot branch closest to your home, or leave details on the bank's website.

For details and to join an orange deposit with an excellent interest rate that jumps and rises >>

The foregoing is for information purposes only and does not constitute an offer to receive deposits at all.

The binding offer details are in accordance with the terms of the deposits and subject to them.

Tax will be deducted by law.

The Bank may change the terms at any time and without prior notice.