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Through the online services of the Hungarian State Treasury (MÁK), the growth of government securities, including baby bonds, may be higher than before, András Tállai, parliamentary secretary of state in the Finance Ministry told MTI. . According to him, the amount invested in baby bonds has doubled in the last two years, and the interest on the children already exceeds HUF 100 billion through family and state payments.
In the last four months alone, around 13,000 new accounts have been opened and interest is growing towards the end of the year. It is true that
230,000 children already have baby vouchers, but according to the latest statement from the Treasury, about one million children born since December 31, 2005 still do not have a Start account that records the amount of the baby voucher.
Opening an account online can also help them, the Secretary of State noted. Adding that, according to the government, the Hungarian state is the first child born here, supporting families is a central issue. In the case of the baby bond, the state grants a subsidy of ten percent, maximum six thousand guilders each year for the amount paid by parents and relatives, and also pays an extremely favorable interest rate of 6.4 percent in 2020.
According to the Secretary of State, due to the epidemic, it is also worth taking advantage of the online purchase of government securities from MÁK. According to him, no financial institution offers a better scheme for the purchase of government securities than the Hungarian State Treasury, since the management of securities accounts in MÁK is free, and the subscription, sale, reinvestment, interest and repayment payments they are free. MÁK does not have a cash withdrawal fee or financial transaction fee, András Tállai listed the benefits.
He also spoke about the fact that they consider it important for children to know as soon as possible the economic opportunities that affect them, which is why they launched the Master Brush drawing contest, one of the main themes of which was the bond of the baby. Due to the great interest, the deadline for the presentation of the application announced for young people of five and eighteen years was extended by the Treasury, so that works of children’s art can be presented until November 15, said András Tállai.
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