Discount Bank has announced that it will sharply increase the interest rate on deposits for one year to 3%

 Discount Bank has announced that it will sharply increase the interest rate on deposits for one year or more in Digital, and is now offering the highest interest rates in the system, even higher than the interest rate on the MCMs and short-term bonds.

The interest rate on deposits for one year or more, at a fixed rate, will be 3% per year. At the same time, The bank is increasing the interest rate on deposits for one year or more at a variable interest rate, which will henceforth be the same as the Bank of Israel interest rate: 2% (prime minus 1.5%), and will be updated in accordance with the Bank of Israel's future interest rate changes. These interest rates will be given to customers who open the deposit through the digital channels (website and app the bank).
Uri Levin, CEO of the Discount Group: "We are attentive to the public's expectations of us and are determined to be the best bank for its customers. The increase in interest on deposits is added to the moves we announced in recent months - including the cancellation of interest on the minus up to NIS 2,000 and a commitment to a bank response within an hour - and will allow customers to better manage their money in this challenging period. We are obliged to offer them