In a television interview, Minister of National Economy and Finance Kyriakos Pierrakakis detailed a planned savings program for children born from 2025 under which the state would match family contributions euro for euro, up to EUR 1,200 annually. The account would belong to the child, and contributions could come from parents or other relatives. The program is intended to build savings until the child turns 18 while encouraging households to invest rather than hold deposits. Families could contribute any amount, but yearly contributions above the cap would not receive matching state funds. The matching limit would rise by 10% every five years to account for inflation. Banks would offer products with different risk and return profiles, certified by the relevant authorities, and families would choose how the funds are invested. The government will set out the technical details after the enabling legislation is passed.
2026-09-08Ministry of National Economy and Finance (Greece)
Greece's Ministry of National Economy and Finance details state matched child savings accounts of up to EUR 1,200 a year
Minister of National Economy and Finance Kyriakos Pierrakakis detailed plans for the state to match family contributions to child savings accounts up to EUR 1,200 a year. Families would select certified bank products with different risk profiles, while the matching cap would rise by 10% every five years. Technical details will follow passage of the legislation.