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Monetary deposit / Monetary loan window

Deposit window interest rate: 4.25%
Credit window interest rate: 5.25%
Valid until: 12.7.23

Monetary deposit / Monetary loan window

The Bank of Israel provides the banking corporations with a window for monetary loans or deposits.  The interest rate in the windows is set as a spread from the Bank of Israel interest rate: a loan window interest rate with a positive spread and a deposit window interest rate with a negative spread.  This sets a “band” around the Bank of Israel interest rate.

 

The volume of deposits and loans in the window is unlimited, but loans are conditional upon the provision of collateral.  The deposit/loan is deposited/issued for one day, and repaid on the following business day.