Varga said baby bond accounts for 27,000 children had been opened this year, bringing the total number to 228,000.
He noted that the securities are tax-free and there is no account fee.
New parents who open a baby bond account for their child get a HUF 42,500 start-of-life subsidy and may buy more of the securities as their child grows older. The bonds pay a 3% premium over inflation, and the government offers a 10% top-up for additional purchases, up to HUF 6,000 a year.
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