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Savings for Every Child

  Children born before January 1, 2017 – selection period until June 1, 2017:

  • For children over the age of 15: Funds will be deposited in a bank savings account and will be invested under an unlinked, fixed interest plan.
     
  • Children under 15: Funds will be deposited in a provident fund selected by rotation by the Ministry of Finance (without a guaranteed yield or guaranteed principal).


  Children born after January 1, 2017 – selection period of 6 months following date of birth:

  • The funds will be deposited in a provident fund selected by rotation by the Ministry of Finance (without a guaranteed yield or guaranteed principal).
     
  • If you have an older child and have already chosen a managing entity and savings plan for him/her, the funds for the newborn will be deposited in accordance with the selection made for the older child.