Full coverage· Economy· Updated
Israeli Money Market Funds Yield 3.9% Annually Amid Interest Rate Changes
Israeli money market funds yielded an average of 3.9% over the last 12 months, with September returns aligning with the Bank of Israel's 3.25% interest rate. Top performers in September included IBI Cash Shekel Kosher and Yelin Lapidot Cash Kosher.
2 newsrooms · 1 language · since
Plus
What happened
- 01Israeli money market funds averaged 3.9% return over the past year.
- 02September yields for money market funds reflected the Bank of Israel's 3.25% interest rate.
- 03Mor Cash Liquidity Management led annual returns with 4.03%.
- 04Management fees and entry rates are key factors in choosing a money market fund.
- 05Money market funds offer tax advantages on real gains compared to bank deposits.
Key selection criteria for these funds include management fees, which vary significantly, and tax implications compared to bank deposits. The funds offer daily liquidity and adjust yields in real-time with market interest rate changes.
The coverage
2 newsrooms on this story
Who covered it
- LeftNone
- Centre1
- RightNone
- HarediNone
- ArabNone
- Other1
How it broke
PlusHow it reads
Neutral tone, on average across the newsrooms
