One Zero review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
One Zero is a digital bank in Israel built around a single fixed deposit, so it suits savers who can leave money untouched for 12 and want 6% at a fixed rate with a monthly fee of ILS 0. The trade-off is access, because the deposit cannot be broken during the term without cost.
Key facts
- Best for
- Locking money away for 12 at 6% with a monthly fee of ILS 0.
- Monthly fee
- ₪0↗
- Currencies
- 2↗
- Transfer fee
- 0% FX conversion fee on card and account purchases, no per-transaction fees in the One plans↗
- Legal entity
- Bank One Zero Digital Bank Ltd.↗
- Headquarters
- Israel↗
- Support channels
- Phone, Chat, Email, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- onezerobank.com
Savings
Pros and cons
Pros
- A headline rate of 6% at a fixed rate for 12, from a minimum deposit of ILS 100.
- A monthly fee of ILS 0, and no per-transaction charge on card and account purchases in the One plans.
- Foreign exchange on card and account purchases at a margin of 0%, with no conversion fee charged there.
Cons
- Access is narrow: the deposit is a single placement fixed for 12, and an early break costs a share of the interest earned so far.
- Only 2 currencies are covered, so the account is thin for anyone holding or spending in many markets.
- Payouts run through bank only, with cash pickup and wallet outside the payout methods.
Who it suits
- People who can leave ILS 100 or more untouched for 12 and want a known fixed rate.
- Anyone who wants to run an account with a monthly fee of ILS 0 and spend in 2 currencies.
- Savers comfortable with a digital bank based in Israel.
Who should look elsewhere
- Anyone who needs their savings before the term ends, since breaking out early costs a share of the interest earned so far.
- People who want a rate that can rise with the market, because this deposit is fixed for the whole term.
- Travellers and expats who need a long currency list, since the account covers 2.
Fees and FX
Costs are simple to read. The monthly fee is ILS 0, and the One plans add no per-transaction charge on card or account purchases. Those purchases also carry no foreign exchange conversion fee. The account is aimed at spending in its home market, and for that pattern the running costs add up to very little.
The company behind it
One Zero runs as Bank One Zero Digital Bank Ltd., headquartered in Israel. The terms you get and the deposit rules follow that home market rather than a multinational setup. Support runs through phone, chat and email, so help is available by phone, chat, email and a help centre, covering both a quick question and a longer written one.
How One Zero compares
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Frequently asked questions
What does it cost to run an account here?+
The monthly fee is ILS 0, and the One plans add no per-transaction charge on card or account purchases. Purchases also carry no foreign exchange conversion fee, with an exchange margin of 0%. If your spending sits in the market the account is built for, the running cost each month is hard to feel.
What rate do I get and for how long?+
The deposit pays a headline rate of 6% at a fixed rate, held for a term of 12 on a fixed account. Because the rate is fixed, the return is known when you place the money instead of moving with the market during the term.
How much do I need to deposit?+
The minimum deposit is ILS 100. The account is a fixed account, so the balance is set when you open it and stays that way for the term. If you want to add money later or start with a smaller sum, this account is not the right shape.
Can I take the money out before the term ends?+
Only at a cost. The deposit is a single placement held for 12, and an early break costs a share of the interest earned so far. Treat 12 as money you will not need, and keep a separate balance for anything that might come up sooner.
Which currencies does the account cover?+
The account covers 2 currencies, which is a narrow field for anyone who earns or spends across many markets. Where the account does convert, the exchange margin is 0%, so costs on the covered currencies stay low, but a long currency list is not what this setup is built for.
How do I get help?+
Support runs through phone, chat and email. A phone line, live chat, email and a help centre cover both a quick question and a longer written one, so a stuck transfer or a rate query can go to whichever channel suits you that day.
Who is this account for?+
It suits savers who can leave the money alone for 12 and want 6% at a fixed rate without a monthly charge. It suits less well if you need instant access, a rate that can rise with the market, or more than 2 currencies, since the deposit is locked and the currency list is short.
Sources
- onezerobank.com checked September 26, 2026
Backs: Currencies, Exchange rate markup, Legal entity, Monthly fee, Payout methods, Transfer fee
“Bank One Zero Digital Bank Ltd. (footer imprint)”
- onezerobank.com/about checked September 26, 2026
Backs: Headquarters
“After more than 40 years without a new bank in Israel, we established the ONE ZERO bank”
- onezerobank.com/plans checked September 26, 2026
Backs: Pricing model, Support channels
“Zero - Pay as you use - no main current-account fees, no management / custody fees”
- onezerobank.com/special/5612 checked September 26, 2026
Backs: Access terms, Account kind, Headline rate, Minimum deposit, Rate type, Term
“The deposit is a one-time payment and cannot be withdrawn during the term; both the monthly and the annual deposit can be broken at any time by withdrawing off-cycle while receiving 10% of the...”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Licence type, Deposit protection, Currency conversion fee.