Mizrahi Tefahot Bank Ltd

4.56% AER/Gross

AER is the Annual Equivalent Rate and represents what the interest rate would be if interest was realised and paid once each year. Interest is calculated daily and is payable on maturity.

Interest will be paid gross without prior deduction of tax, subject to UK tax regulation.

The interest rate applicable to your savings account is fixed once your application is approved and you fund your account. The rate will stay the same throughout the duration of the fixed term. Should the bank amend the rate advertised before you have fully transferred funds and the rate is lower than the rate you originally ordered, we will automatically cancel your order. We will contact you if this occurs.

The estimated balance after 12 months on a deposit of £1000 is £1045.60.

This projection is for illustrative purposes only and does not take into account individual circumstances.

To open this savings account, you must apply online through Raisin UK. Savings accounts at Raisin UK are only available through this online application process, and to be eligible to apply, you must

● Be a UK resident who is aged 18 or over

● Hold a UK bank or building society account from which you will fund your application

● Have a valid mobile phone number and email address

● Have a UK National Insurance Number

Your application acceptance will be subject to the successful completion of an Anti-Money Laundering/Know Your Customer (AML/KYC) checks.

The minimum amount you can deposit is £1000 and the maximum amount you can deposit is £120000 (per product and banking institution).

Please ensure you have read and understood all sets of Terms and Conditions before applying for this product.

You can manage your savings account through Raisin UK by logging into your Raisin UK Account. You can contact Raisin UK by telephone, by email or in writing by using the contact details provided in the Raisin UK Terms and Conditions.

Because this savings account is a fixed term deposit, withdrawals are not permitted before the maturity date, except if an account holder dies, becomes mentally incapacitated or bankrupt, or in any other exceptional circumstances agreed to by Mizrahi Tefahot Bank Ltd in its absolute discretion. This savings account does NOT operate on the basis that you can end the fixed term of your savings account prematurely and pay a fee to withdraw your funds sooner. Your savings account will not automatically renew at the end of the fixed term for a further fixed term.

Raisin will administer the deposit on your behalf.

Funds will be remitted to Mizrahi Tefahot Bank Ltd London Branch by Raisin on the next business day after arriving in the Raisin account.
It can therefore take up to 2 business days for a requested product to be set up and start earning interest.

If you have any questions relating to your account, please contact Raisin and not Mizrahi Tefahot Bank Ltd London Branch.

Information about the Mizrahi-Tefahot Bank Limited:
Deposit Taker: Mizrahi-Tefahot Bank Limited London Branch
Deposit Taker Address: 30 Old Broad Street, London, EC2N 1HQ
UK establishment number BR001446
PRA/FCA reference number 139212
Mizrahi-Tefahot Bank Limited Head office address:
7 Jabotinsky Street, Ramat Gan, Israel
Authorised and regulated by the Bank of Israel.
Authorised by the Prudential Regulation Authority.
Subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority.
Mizrahi Tefahot Limited London Branch is authorised to hold and/or control customer deposits and client money.

Mizrahi Tefahot Bank Limited London Branch is a member of the Financial Services
Compensation Scheme (FSCS). Eligible deposits with Mizrahi Tefahot Bank Limited London
Branch are protected up to £120000 per each eligible depositor in accordance with the FSCS
rules.

For further details, information and eligibility, please refer to the Financial Services Compensation Scheme website on www.fscs.org.uk
For further information about the bank, its paid-up capital and reserves, please see:https://www.mizrahi-tefahot.co.il/en/investor-relations-en/financial-report


This document is for information purposes and does not constitute investment, financial, tax or legal advice investment or recommendation. No consideration has been given to your individual circumstances.