As of 2026, under Israel's Savings for Every Child program, Bituach Leumi (National Insurance) deposits 58 ₪ per month for every child from birth to age 18, and parents can double it to 116 ₪ taken from the child allowance; at an illustrative 7% annual return this grows to about 25,000 ₪ by age 18 with the basic deposit — or about 50,000 ₪ with doubling.
How is it calculated?
Bituach Leumi opens a savings account for every child and deposits 58 ₪ into it each month, from birth to age 18, regardless of the parents' income. Parents choose where the money is managed — an investment provident fund (kupat gemel) or a bank savings track — and can double the deposit to 116 ₪ per month out of the child allowance. The money compounds over the years: stock tracks have historically returned more over 18 years, while bank tracks are low-risk.
The calculator compounds the monthly deposits at the annual return you choose: 58 ₪ a month from birth to age 18 at an illustrative 7% grows to about 25,000 ₪ (about 12,500 ₪ of it deposits, the rest investment gains), and with doubling to 116 ₪ — about 50,000 ₪. Government grants of 500 ₪ (at age 3, at 12 for girls/13 for boys, plus 500 ₪ at 18 if the money is untouched) are not included in the projection. Withdrawal is possible at 18 with parental consent and freely from age 21. Past returns do not guarantee future returns.
Frequently asked questions
Are the 500 ₪ government grants included in the calculation?
No. The state adds a 500 ₪ grant at age 3, another 500 ₪ at age 12 for girls and 13 for boys, and an extra 500 ₪ at 18 if the money is left untouched. The grants are deposited separately and are not included in the calculator's projection — the actual amount will be slightly higher.
When can the Savings for Every Child money be withdrawn?
At age 18 the child can withdraw with a parent's consent, and from age 21 withdrawal is fully unrestricted. Leaving the money until 21 adds growth years: in the example of 58 ₪ at 7%, about 25,000 ₪ accumulates by age 18, and every extra year increases the amount.
What is the difference between a provident fund track and a bank track?
In Savings for Every Child, parents choose between an investment provident fund (kupat gemel) and a bank savings track. Stock tracks in provident funds have historically returned more over 18 years, while bank tracks are low-risk with fixed or variable interest. Past returns do not guarantee future returns.
This calculation is a general estimate for illustration only. It does not constitute tax, pension, or investment advice, nor a substitute for personal advice from a licensed professional, and should not be relied on for decisions.
