On Sunday, March 30, Israeli Bank published a financial benefits scheme for customers of the banking system, in which commercial banks should return 3 billion shekels to customers in two years.
The scheme is a set of various steps from which commercial banks themselves will make a choice at their discretion.
1) the provision of interest or benefits for a positive balance in the current account and the proven improvement of interest rates paid on short -term deposits.
2) reducing percentage rates for overdraft
3) provision of exemption from commissions or significant discounts for certain groups of the population
4) the provision of partial or complete release for the fixed period from the monthly payment or reducing the interest rate charged on the current loan for the period of the scheme
In addition, within the framework of the scheme it was agreed that banks would work on the development of the automatic transfer mechanism from current accounts, on which the positive balance exceeds the established amount, from the current account for profitable investment areas.
The Apoalim bank announced that within the framework of the scheme it would provide 250 shekels to the owners of current accounts with a remainder above 30 thousand shekels and persons transferring a salary of over 5,000 shekels – this award will be paid in June and cancel the current account during the second quarter. In addition, the bank will provide 1000 shekels owners of a mortgage worth more than 500 thousand shekels during the first quarter. Individual entrepreneurs who took a loan of 100 thousand shekels during the first quarter will receive a return of 500 shekels.
The Leumi bank will provide a three -month delay in payments of loans for private and commercial customers affected by the war. In addition, a delay in mortgage payments for up to two years without additional costs will be possible. Customers who have taken a loan for any purpose can request a deferment of three payments on loans in the amount of up to 100 thousand shekels. Leumi customers with the remainder on the current account up to 10,000 shekels will receive 2% per annum for the balance, and the overdraft rate on the current account will be reduced by 1%
Discount Bank undertakes in the coming months to return up to 100% of interest paid by overdraft, commissions and interest on loans to small business owners and reservists in the amount of up to 375 shekels per month. According to him, this initiative can reach up to 1000 shekels per quarter.
Bainleumi Bank said that he would pay 2% per annum for the balance in the current account of up to 10,000 shekels to customers with deposits and securities in the amount of up to 50 thousand shekels. The maximum overdraft rate for private customers and small businesses will be reduced by 3.5% and 3% for all overdraft levels. In addition, the “iron swords” affected by the war will have the right to exemption from interest on overdraft in the amount of up to 10,000 shekels. Borriers with loans of up to 100 thousand shekels will provide a return on the monthly payment, only the main amount, in the amount of 3.000 shekels. The refund will be carried out in four stages and for loans with a variable interest rate exceeding the Prime Plus rate of 5%.
The Mizrahi-Tfahot bank has not yet published its plan.