Mizrahi Tefahot Bank Ltd

United KingdomUnited Kingdom(AA)

Deposit amount: Min. £1,000 – Max. £85,000

Protection limit: Up to £85,000 payout in GBP

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Rate
Duration
Deposit Guarantee
Product Type

Rate

4.85% AER

Duration

1 year

Deposit Guarantee

£85,000

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Product Type

Fixed Term
Fixed Term
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Bank Details

Mizrahi-Tefahot Bank Ltd is Israel's third largest bank and is incorporated under the laws of the State of Israel. The bank was established as a public company limited by shares on 6 June 1923, and in 1963, the shares were listed for trading on the Tel Aviv Stock Exchange (TASE). The London branch of Mizrahi Tefahot is a UK regulated branch and enjoys a close relationship with its head office. The branch began operating in London in 1983 and has grown significantly in terms of client base, product range and recognition within the market.

Security & Deposit Protection

The FSCS is the United Kingdom's statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit. Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.

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