Family minister: State top-up cap for baby bonds to double next year

The state top-up cap for baby bonds, a high-yield security available to newborn Hungarians, will double to 12,000 forints (EUR 32) as of January next year, Katalin Novak, the family affairs minister said on Thursday.

The start-of-life subsidy scheme has been available to new parents who open a baby bond account for their child since 2006.

Since 2018, the bonds have also been available for Hungarian children born abroad, Novak said on Facebook.

The minister encouraged new parents to choose the baby bond as a form of savings which pays a premium.

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