In collaboration with Mizrahi Tefahot Bank
The bank deposit channel has always been an address for risk-averse customers, who preferred a modest and safe interest rate over more attractive but risky alternatives.
The zero interest rates that have prevailed in the economy in recent years have not really contributed to the popularity of deposits, sending more and more people into the capital and real estate markets, who have recorded record increases and prices that have only risen and risen.
The intense upheavals experienced these days by the capital and money markets in the world, and consequently also in Israel, signal a significant change in the rules of the game.
Following a rapid and alarming rise in inflation in the US, Europe - and more moderately here too, central banks have begun a process of raising interest rates. Insurers. That is, to the current account and the bank deposits.
So if you sat on the fence and waited for apartment prices to fall, you did not invest in unicorn shares and could not understand until now what NFT is - you should not miss this tip.
It's time to do something good with your money, and enjoy the interest rate hikes:
Deposits are back and big
, as an opportunity for a smart, safe and very handsome investment in relation to market alternatives.
The price of money goes up - and with it the interest on deposits
Our lives this year are much more expensive, and for good reason.
The economic recovery from the corona crisis has led to increasing demand and rising prices worldwide, and the trend has continued following the war in Ukraine.
We feel the result in almost every area of life.
As a result, the consumer price index is rising - and that means our money is worth less and buying less.
Raising interest rates, the central banks hope, will curb price increases and return inflation to a reasonable and controlled level.
A higher interest rate environment means more money rising - a reality that should cool investors' enthusiasm and make them stop and explore other investment opportunities.
For example, zero-risk bank deposits and a return that increases over time.
The fruits are guaranteed - only on deposit
How much is left in the current account after two years of epidemic and economic crisis? It turns out quite a bit: Bank of Israel data show current account balances of about NIS 594 billion held in the public bank accounts, a jump of more than 37% within a year and a half.
The explanation for the high balances is, among other things, psychological, as is the answer to the question of why we spend money.
The turmoil and instability in the markets makes us wait for the days with a little more financial certainty to decide whether and what to invest, and in the meantime the money is "lying" in the account.
It is important to remember that when money is in the current market, the illusion of wealth winks at us, and we spend more and save less - especially when we have just emerged from a global crisis and the atmosphere is of "living once".
So what is the right thing to do both to keep the money - not to be wasted on unplanned expenses, and also to derive from it a proper and guaranteed return?
It is precisely to these questions that Mizrahi-Tefahot's fruit-deposit series comes to answer.
For example, a lychee deposit for 4 years of Mizrahi Tefahot, is characterized by an interest rate that rises every year, along with exit points that keep all options open.
The deposit is a safer investment channel, not only in direct comparison with investing in the capital market, but also compared to other investment and savings instruments such as mutual funds, savings policies and provident funds, which are also affected by stock market trading.
The most delicious lychee in the basket
Mizrahi-Tefahot, as the leading bank in the system of deposits in the system, offers a wide range of deposits, for variable liquidity periods and at particularly attractive interest rates for this period.
The names of the deposit families are taken from the world of fruits and differentiate between investment ranges, interest rates and conditions for the growth of a perfect return: Take pomegranates if you need the money soon, lychee or medium-term pineapple with tiered interest, or coconut - if you can wait several years patiently Touch the money.
By depositing a lychee for 4 years, you can by the way enjoy all the worlds: even a fixed interest rate that rises every year automatically, and allows you to know in advance how much money will accrue during the entire period;
And also a flexible option for one withdrawal per year.
The most lucrative deposit - in Mizrahi Tefahot
The deposit routes in Mizrahi Tefahot allow a choice between high liquidity, fixed departure stations or liquidity with advance notice, tiered interest that rises after a period, and more.
When interest rates in the economy are on the rise, there is no doubt that it is worth getting to know the deposit family of Mizrahi-Tefahot Bank and choosing a safe and smart investment path.
Orange
- a liquid deposit, with a tiered interest rate that increases in the short term, which allows the money to be withdrawn with 35 days' notice.
Pomegranates
- a family of liquid deposits.
For example: a deposit for two years with the option of departure stations every 3 months.
Lychee
- a tiered deposit family, for different periods, with departure stations at varying periods, depending on the type of deposit.
Pineapple
- a medium-long-term deposit that allows for daily liquidity from the middle of the period, and offers interest that increases over the years starting from the third year.
Sabers
- Long-term deposit with the possibility of liquidity with 35 days' notice.
Coconut
- a long-term closed deposit without the possibility of withdrawing money during the deposit period.
The investment professionals are waiting for you at 8860 *
Want to deposit a lychee 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.
The above is for information only and does not constitute an offer for receiving 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.
For details on lychee deposit click here >>
In collaboration with Mizrahi Tefahot Bank