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25.4 billion shekels deposited in 'Savings for Every Child'. This is the big winner of the year

25.4 billion shekels deposited in 'Savings for Every Child'. This is the big winner of the year
Image: globes

Since the launch of the program nearly a decade ago, children's accounts have yielded 3.85 billion shekels in the capital market, according to National Insurance Institute data • The year 2025 was characterized by a…

— globes

Assessment

The 'Saving for Every Child' program has accumulated 25.4 billion shekels since its launch nearly a decade ago, with accounts generating 3.85 billion shekels in capital market returns. The key shift in 2025 was a mass migration of savers from banks to provident funds, resulting in nearly 100,000 bank account closures. A record number of parents also chose to double their monthly deposits. The data suggests the program's structure is increasingly steering household savings away from traditional banking channels.

Read full article at globes →