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Piggy Bank for Children: How to Open It, How Much the State Puts in and when the Child Gets the Money

Summary by Protothema
All the details in a new article. When is the application made - How will the state complete it - Automatic investment solution with guaranteed capital if the parents do not choose a profile - When does the child receive the money - The birth allowance for large families is increased

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All the details in a new article. When is the application made - How will the state complete it - Automatic investment solution with guaranteed capital if the parents do not choose a profile - When does the child receive the money - The birth allowance for large families is increased

·Marousi, Greece
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How deposits are doubled. The details of the new savings and investment account for children up to two years old, the so-called "Piggy Bank for the New Generation", to which the State will add one euro for every euro deposited by the family, are provided for in the draft law of the Ministry of National Economy and Finance, which was put out for public consultation until November 1. The new institution is officially called the Individual Investme…

The new institution combines savings with state participation and investment in the long term.

A new long-term savings model for minors introduces the draft law of the Ministry of National Economy and Finance, providing for the creation of individual investment accounts for children with the participation of the State in the payments. The Individual Investment Account for Minors (A.E.L.A.) aims to raise capital until the beneficiary reaches adulthood, combining contributions with state funding and returns on selected investments. The key …

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The exact terms of operation and financing of the new investment "piggy bank" for children are determined by the Ministry of Finance's bill, which was put out for public consultation.

Who opens an account, how the money is invested and when withdrawals can be made. Contributions up to 10,000 euros per year, government aid and tax exemptions.

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insider.gr broke the news on Monday, October 19, 2026.
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