Interest

Extending a mortgage from 25 to 30 years lowers monthly payments by 720 shekels on a 1.5 million shekel loan, but increases total interest by 268,000 shekels.

The Central District Court approved a major class-action lawsuit against four major Israeli banks for failing to pay interest on current accounts, with damages estimated at over 15 billion shekels.

First International Bank launched a 5-year dollar deposit offering a fixed annual interest rate of 4.8% paid monthly, providing steady income and tax exemptions.