Deposits
Found 4 recent publications
How much money should you keep in your checking account and how much should you transfer to savings?
There is no single amount that suits everyone, but there are factors that will help you find a balance between liquidity, security, and yield.
Against the backdrop of Ukrainian drone attacks: Russian citizens are emptying bank accounts
Amid escalating Ukrainian drone attacks on Russian soil, cash withdrawals from banks have reached record highs. Citizens fear the Kremlin may nationalize deposits to fund the war, leading to liquidity issues across the financial sector.
The five largest banks launch a legal battle against being declared a concentrated group
The banks filed an appeal to the Competition Tribunal against the Commissioner's decision to declare them a concentrated group, as well as against the directives set in the field of deposits. Industry experts estimate that the legal process could last up to two years. What will happen in the interim period until a decision is reached, and what are the chances of the decision being overturned?
Even after the interest rate cut: which bank will still give you a deposit yielding 6% per year?
According to Bank of Israel data, the average interest rate on deposits for six months to a year fell in July to 3.59%, compared to 3.94% in April. The gaps between banks are significant, and the interest rate on deposits ranges from 2.9% to 6%. While interest rate cuts are quickly rolling over to deposits, the decline in mortgages is more moderate.