To meet the growing demand for Israeli backup bank accounts, Israeli investment firm Clarity Capital has launched Israeli Backup Investment Accounts (IBIA) for American and Canadian citizens, the company announced this week.
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These accounts are intended to help individuals and families set aside money to deal with risks such as a need or desire to leave the United States or Canada.
According to a recent survey by the Anti-Defamation League (ADL), 63% of American Jews feel their communities are less safe than they were a decade ago.
"It's unfortunate, but we've seen an increase in calls from Jewish Americans who are interested in opening a bank account in Israel for security purposes," said Amir Leybovitch, CEO of Clarity Capital.
