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The Encouragement of Saving Law
defines a savings plan as a program meant for private
customers only, who wish to deposit their money in solid
investment vehicles for terms of two to eighteen years,
with the possibility of early withdrawal at predetermined and
foreknown times. Savings plans allow you to make
risk-free medium- and long-term investments
that deliver an assured yield.
Due to its mortgage
activity, Bank of Jerusalem offers its customers a wide range of
savings plans for terms ranging from two to eighteen years
and with t he utmost of flexibility. Thus it can pay higher
interest and tailor its savings plans to customers’ personal needs. At Bank of Jerusalem, you
may use accrued savings as collateral for loans and
credit.
Purpose of saving—how much saving you should do to attain your goal. Type of deposit—monthly or
lump-sum. Type of investment—fixed
and assured interest or high variable interest. Type of indexation—to the
Consumer Price Index or the U.S. dollar. Type of
redemption—lump-sum withdrawal or current monthly income. We will be pleased to host you at any of Bank of Jerusalem’s
branches. There’s no commitment on your part. You’ll be impressed with the reliability, professionalism, and discretion of our service representatives officers, who will help you to choose the savings program that best meets your needs.
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