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Foreign Currency Deposits

 
Foreign currency deposits are simple and effective investments. UMTB offers you a variety of short-term investment programs, for periods ranging from 1 week to 5 years with fixed and varying interest rates.   
  

Foreign Currency Deposits 

  • Deposits in a particular foreign currency.
 
  • For periods ranging from 1 week up to 5 years.
 
  • Provide fixed or variable interest.
 
  • In any of the following currencies: US Dollar, Euro, Pound Sterling, Canadian Dollar, Swiss Franc, Australian Dollar, Dollar 'Paz', 'Euro 'Paz', a market basket or the Bank of Israel's Basket of Key Currencies.
  

Withdrawal Options 

  • Withdrawal only upon pre-agreed expiry date
 
  • Upon renewal, you can choose between renewing for an amount that includes the interest earned during the preceding period, or to transfer the interest to your checking account.
  

Types of Foreign Currency Deposits 

Fixed Rate Deposits
  • ​​​Deposits may be effected for periods from 1 week to 5 years
 
  • Interest rate and deposit period determined in advance
 
  • Interest rate and deposit period fixed throughout the deposit period 
 
Variable Rate Deposits
  • Deposits may be effected for periods from 2 years to 5 years
 
  • The manner in which the interest rate is to be determined, the margin from the LIBOR interest rate and the frequency of change (3, 6 or 12 months), are all set at the time the deposit is made

 

Zero Coupon Deposits

  • You specify the deposit period together with the UMTB representative
 
  • The deposit yields fixed interest, determined in advance and dependent on the size of the deposit
 
  • The sum you actually deposit is net of the interest due to accumulate during the deposit period, at the end of which you will receive the deposit and accumulated interest
  

 
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