The Knesset Finance Committee recently reconsidered an amendment to the law on the “Savings for Every Child” program, which initially aimed to exclude banks from participating. After careful consideration, the committee decided not to completely exclude banks from the program but instead modified the amendment to allow parents to transfer their savings program from a bank to a pension or investment fund. Previously, transfers were only allowed between banks or between funds, but not across different types of financial institutions.
The launch of the program has seen savings in banks yield lower profits compared to other types of funds. Families from socially disadvantaged backgrounds were found to opt for banks more frequently. This led to a revision of the amendment, providing more flexibility for parents in managing their savings.
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In summary, the Knesset Finance Committee made changes to an amendment aimed at excluding banks from the “Savings for Every Child” program due to lower profits in savings in banks compared to other types of funds. The committee also provided more flexibility for parents in managing their savings by allowing them to transfer their savings program from a bank to a pension or investment fund. Meanwhile, various online platforms offer tips and strategies for winning at slot machines through exclusive bonuses and reviews of different slot machines.
