Savings for Every Child”: Knesset Finance Committee Modifies Program to Offer More Options and Higher Returns

The Knesset Finance Committee is currently reviewing changes to the “Savings for Every Child” program. Initially, the program aimed to exclude banks from participating in it. However, after careful consideration, the committee has decided not to exclude banks entirely. Instead, they have modified the amendment to allow parents who opened a savings program at a bank to transfer it to a pension or investment fund. This will give participants more options for saving their money and increase their chances of earning higher returns.

Since its launch, savings in banks have yielded lower profits compared to other types of funds. Families from economically disadvantaged backgrounds were more likely to save in banks due to their ease of use and accessibility. The decision to allow transfers between different types of financial institutions aims to provide more flexibility and choice for those participating in the program.

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In conclusion, the Knesset Finance Committee’s decision not to exclude banks from the “Savings for Every Child” program will provide more options for families looking to save their money and increase their potential returns. Online slot gaming platforms like Depoxito, Mabosplay, and Depo168 also offer an exciting alternative for those looking for some fun while potentially winning big jackpots.