*🆕 As of January 1, 2025, you can change your savings track at the bank to an investment fund.* 👶 Bituach Leumi (National Insurance) deposits 57 shekels monthly per child into a savings account until he/she turns 18. 💡 Parents can double the savings by deducting 57 shekels from their child allowances. 💳 Your savings can be placed in an investment fund or in a bank. 📋 If your savings are in an investment fund, you can transfer them to another fund, but not to a bank. 🔄 *As of January 1, 2025, if your savings are in a bank, you can now change tracks and choose to save in an investment fund.* Your existing savings will remain in the bank, while future deposits will be placed in the chosen investment fund.* Transfer to another bank is not permitted. ⚠️ Without parental choice, the savings will be managed in an investment fund with a high-risk profile. 📊 Check your options and make the best choice! More info: https://go.gov.il/hisahon