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Don’t let your money sleep in the bank

Come and see why it is not worthwhile to leave your money in your bank account, and how you can earn more without giving up on the advantages of liquidity.

What happens to money that sits in your bank account?

  • Low interest rates or no interest

    The interest that banks offer to pay on positive account balances is very low, and in most cases there is no interest at all.  It’s like leaving your money under your bed.

  • The value of your money erodes

    Inflation means that you will not be able to buy something a year from now for the same price that you would pay today.  The money that sits in your account loses value, and will be worth less.

  • Potential loss of profit

    If you leave money in your current account, you will miss out on opportunities to earn a higher yield by investing it in savings or investment plans that generate more profit.

The time has come for you to earn more

The average interest rate on positive account balances is very low—just 0.1%. In contrast, a short-term bank deposit for 6–12 months offers an average interest rate of about 4 percent, which can mean a significant profit over time.

 

If it is important to you to maintain the liquidity of your money, you can choose a daily, weekly, or monthly deposit and still benefit from higher interest payments than what you would get by leaving your money in your current account.

 

(Information is accurate as of January 2025)

What bank offers the best interest rates?

Go to the Bank of Israel’s Equalizer and find out

Investment channels that will give you more

Get to know three stable investment and savings channels that offer higher interest than what you will get in your current account.

Are you ready to wake up your money?

Before you choose your investment channel, it is worth considering a few important points:

  • Understanding your needs

    The more liquid your money needs to remain, the more likely it is that the interest you will receive will be lower. A longer-term investment may provide you with higher interest.

  • Smart comparison

    Check the offered interest rates, the accompanying terms, and the level of risk in each track. A comprehensive comparison will help you find the best offer for you.

  • Successful negotiating

    Don’t hesitate to negotiate over terms. Ask for a higher interest rate or more flexible terms in order to increase your profit.

How do you do this?  You can invest on your own, or contact a bank or investment house (supervised by the Israel Securities Authority) through digital platforms or directly through their service centers.  That way, you can find the way that is most appropriate for you to invest your money.