כלים לשירותך

Investment Banking

Foreign currency deposits - being exempt from tax at source - are simple and effective investments. UMB 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
  
 

Taxes 

  • The interest on foreign currency deposits exempt from the deduction of tax at source
 
 

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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