Financial Terms in Israel

Financial terms in Israel are not only in Hebrew - there is not always an English equivalent.

More Financial Terms

Do you want to understand all the Hebrew financial terms? With our goal in mind, to guide you towards financial clarity, we know these Hebrew financial terms will be useful.

Keren Hishtalmut -A (almost) tax free savings plan, money will deposited directly from your salary, this used to be for "Hishtalmut"= further education purposes but after six years you are entitled to take the money out for any purpose. This is a work benefit that many employers offer, but is not mandatory.

Kupat Gemel - Compare Kupot Gemel

Keren Pensia Pension Fund - All employers must deposit into a pension fund for their employees. When you move to a job your pension fund moves with you and after 3 months at the new job you are entitled to pension fund deposits retroactively from the first month. If you didn't have a pension fund you are entitled to one after 6 months.

Matach - If you hold any currency other than Shekels in you Israeli bank account, this would be called a Matach account.

Pikadon – Bank savings plan, you close your money for a predefined period of time to receive interest (this bank product is considered risk free, the interest rate will generally be low)

Tzamood Madad - this normally refers to something linked to inflation, (consumer price index), but could be linked to a different index.

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