Now is the time to put your money on the right track | Israel Hayom

In collaboration with Mizrahi Tefahot

The Israeli public already knows that the deposit channel has recently been a smart investment with a real opportunity to achieve high interest rates over time. Along with the desire to take advantage of the interest rate increases and transfer the money to a safe and worthwhile deposit, it is also important to preserve the value of money during a period of high inflation. Precisely for this reason, you should be familiar with the Carambola deposit - which invests the money in two tracks simultaneously, interest and index, and chooses at the end of the period the more profitable track, combined with the possibility of liquidity.

The bank deposit channel has always been an address for those who preferred a secure interest rate over attractive but riskier alternatives. But over the past year, in light of the rapid and worrying increase in inflation around the world, central banks began a process of raising the interest rate, which we continued to experience in the past month as well. Thus, big money, which until recently was looking for investment channels with high returns even at the price of high risk, is making its way to a safe haven. That is, to bank deposits.
Alongside rising interest rates, we are all experiencing the cost of living. Our lives lately have been much more precious, and there's a reason for that.

The economic recovery from the COVID-19 crisis has caused increased demand and price increases worldwide. We feel the result in our pockets in almost all areas of life. As a result, the Consumer Price Index (CPI) has been on the rise lately – which means that our money is worth less and buys less.

Raising interest rates, central banks hope, will curb price increases and bring inflation back to a reasonable and controlled level. A higher interest rate environment means higher prices of money, a reality that should cool investors' enthusiasm and cause them to stop and explore other investment opportunities. For example, bank deposits with zero risk and high returns.

In other words, now is the time to do something good with your money, and enjoy the interest rate increases: deposits are coming back in a big way, as an opportunity for smart, safe and very nice investment compared to market alternatives.

You said deposits - you said Mizrahi Tefahot!

If you randomly ask a person on the street - "Which bank offers the widest variety of deposits?" - chances are that Mizrahi Tefahot will answer, and immediately afterwards mention the names of fruits - carambola, strawberry, lychee, orange, cherry and more...

True, these fruits are really tasty, but they are also Mizrahi-Tefahot's way of offering customers of all banks deposits that will help secure the money.

Each deposit is referred to by the name of a fruit that will allow it to be remembered and understood simply - and each has unique features and characteristics - variable liquidity, deposit period, indexation and variable or fixed interest.

According to Ella Vigder, Director of the Financial Management Sector at Mizrahi Tefahot: "Mizrahi-Tefahot, as the leading bank in the field of deposits in the banking system, offers a rich variety of deposit fruits, adapted to changing economic conditions, and enabling each saver to find the relevant deposit for him - according to his needs and goals."

In Mizrahi-Tefahot's deposit basket you can find, for example, deposits that offer immediate availability of funds, or medium- and long-term deposits with different predetermined exit stations, according to the goals you define and for the period of time in which you will need the money, while the money enjoys interest throughout the term of the deposit.

Customers of other banks can also benefit from Mizrahi-Tefahot's deposits, and do not have to switch banks or open a current account to do so. In a relatively simple process, you open a dedicated account without costs or fees, and deposit the deposit money into it.

Don't know what to choose? Index or interest rate? Take a carambola!

The high interest rate environment in recent months has made the deposit channel attractive and interesting relative to other channels. With that, the Consumer Price Index continued to increase, and it is not yet clear when inflation will moderate. The current situation makes it difficult for investors to decide whether to attach their investment in a deposit to the interest rate or to the index, because it is possible that the index will rise over time at a higher rate than the increase in the interest rate, or vice versa. For this reason, the reopened Carambola deposit for deposits is the right solution for the undecided: Carambola is a unique and exclusive deposit for Mizrahi-Tefahot, which leaves depositors with peace of mind because of the fear of an increase in the index and the erosion of the value of money.

Wigder: "The Carambola deposit, which is offered for a period of 3 years, invests in two tracks simultaneously – linkage to the Consumer Price Index (CPI) and guaranteed and predictable interest rates. Thus, if at the end of the deposit period, the cumulative index is higher than the gross guaranteed interest, the deposit will benefit from linkage to the index accumulated from the date of deposit until the end of the period."

And what if the situation is reversed? What if the accumulated index is lower than the guaranteed interest rate? Don't worry, the deposit will benefit from the pre-promised interest.
If you need the money during the period, you can withdraw the money every day starting a month after deposit, indexed only. A deposit that allows you to earn and also maintain peace of mind, have we already said?

The most worthwhile deposit - in Mizrahi Tefahot

Alongside the Carambola deposit, Mizrahi Tefahot's variety of deposits allows a choice between high liquidity, fixed exit stations or liquidity with advance notice, a graduated interest rate that increases after a period, and more. When the interest rate in the economy is on the rise, there is no doubt that it is worthwhile to get to know the family of deposits of Mizrahi Tefahot Bank and choose a safe and smart investment track.
• Tapuz – a liquid deposit, at a graduated interest rate that increases in short terms, which allows withdrawal of the money with 35 days' notice.
• Pomegranates – a family of liquid deposits. For example: a 3-year deposit with the possibility of departure stations every 35 months.
• Lychee – a family of deposits at a graduated interest rate, for different periods, with exit stations in varying periods, depending on the type of deposit.
• Pineapple – a medium-long term deposit that allows daily liquidity from the middle of the period, and offers interest that increases over the years starting from the third year.
• Sabres – a long-term deposit with the possibility of liquidity with <> days' notice.
• Coconut – long-term closed deposit with no possibility of withdrawing the money during the deposit period.

Investment professionals are waiting for you at *8860

Want to deposit a carambola deposit and enjoy the special interest? Interested in consulting with a professional and choosing the right deposit for you? The investment center is available to customers of all banks by phone *8860, every day until 23:00 at night and on Fridays until 13:00 noon.

The investment professionals will be happy to tailor the relevant deposit for you, according to 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.

Ella Vigder , Photo: Ilan Bashor,

The above is informational only and does not constitute an offer to receive deposits. The binding offer details are in accordance with and subject to the terms of the deposits. Tax will be deducted legally. The Bank may change the Terms at any time and without prior notice.

In collaboration with Mizrahi Tefahot