Israelbondsdirect (2024)

FAQs

How to get rid of Israel bonds? ›

Are Israel bonds reliable investments? Investors value Israel's impeccable record of having never defaulted on payment of principal or interest on Israel bonds.

The Israel 10-Year Government Bond currently offers a yield of 4.743%.

A resident of Israel can present for early redemption bonds of up to $1,000 par value per calendar year.

Issues subject to availability. Bonds will not earn or accrue interest after maturity. Interest rates are determined and announced prior to the applicable issue date of the bond. Bonds are being issued in book-entry form.

Israel bonds are not tradeable and must be held to maturity. By buying an Israel Bond, you are making a direct investment in the State of Israel. Your investment benefits the State of Israel.

Israel has a high-quality credit rating, and the bonds have a solid coupon.

Israel bonds are a smart investment, with strong rates, and are meaningful investments, serving as a symbolic connection with Israel and the people of Israel for Jews worldwide.

Purchasing Israel Bonds through your JRB retirement account means that you do not pay taxes on income from the investment until you withdraw the funds in retirement when you are likely to be in a lower tax bracket.

The main buyers were state governments in Florida, New York, Alabama, Arizona, Ohio, Illinois, Texas, Georgia, Oklahoma, Nevada, Louisiana, South Carolina, Indiana and Pennsylvania. Two counties in Florida, Broward and Palm Beach, also bought Israel Bonds in the last four weeks, as did Ohio's Franklin County.

Who holds Israel bonds? ›

Other investors in Israel bonds include corporations, insurance companies, associations, unions, banks, financial institutions, universities, foundations, non-profits and synagogues. Israel uses proceeds from the sale of the bonds for general purposes of the state.

Tax is withheld at the rate of 23% on gross interest paid to non-residents. Interest derived from certain public bonds held by foreign residents is exempt from withholding tax. Interest derived from foreign currency deposits held in an Israeli bank is exempt from tax, subject to certain conditions.

Redeem your Israel bonds

"Book entry" Israel bonds do not require a redemption process. If you hold a book entry Israel bond, you will receive an automatic payment by cheque in mail or by direct deposit ($CAD Israel bonds only) upon the maturity of the bond.

Israel bonds can be utilized for retirement plans. Note that investments for IRAs or pension funds must be facilitated through a custodian or administrator and cannot be made via the Israel Bonds purchase site.

It's possible to redeem a savings bond as soon as one year after it's purchased, but it's usually wise to wait at least five years so you don't lose the last three months of interest when you cash it in. For example, if you redeem a bond after 24 months, you'll only receive 21 months of interest.

Israeli citizens living abroad can apply to give up (renounce) their Israeli citizenship. You must apply in person at a Population and Immigration Authority office or Israeli mission.

For all other questions, please review your account by logging in, or by calling the Fiscal Agent, Computershare at 1-866-764-3425 Monday through Friday 9 AM to 7 PM Eastern Time. 2024 Israel Bonds Direct. All rights reserved.

To have your name removed from a bail bond, you must contact the bail bond agent that issued the bond and provide documentation, such as a notarized form, stating that you no longer wish to cosign for the accused. The bail bond agent can then request that the court allow your name to be removed from the bond.

A paper savings bond must be cashed for its entire value. At a bank: Banks vary in how much they will cash at one time – or if they cash savings bonds at all. With us: We have no limit on the value or number of savings bonds you can cash at one time as long as the bonds meet the requirements for cashing.