Monetary deposit / Monetary loan window
Deposit window interest rate: 4.25%
Credit window interest rate: 5.25%
Valid until: 12.7.23
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.