Israel bond rates change twice monthly, except for eMitzvah and Mazel Tov bonds, which change monthly, states the Development Corporation for Israel. At maturity, eMitzvah, Mazel Tov and Sabra bonds pay principal and interest. Mazel Tov, Sabra, Maccabee and Jubilee bonds pay interest at fixed rates during the bond's life.
Maccabee and Jubilee bonds pay interest twice yearly, on May 1 and Nov. 1. On June 1 and Dec. 1, LIBOR Floating Rate and LIBOR Floating Rate Financing bonds pay interest, notes the Development Corporation for Israel. Israel bonds cease accruing interest once they mature. Bond owners can reinvest the funds in new bonds within five business days to obtain the same rate as the matured bond or choose a new bond rate.