The Treasury Start Securities Account is a special securities account exclusively available for Hungarian children, to which only the Baby Bond government securities can be purchased.
The Treasury Start Securities Account can be opened by the parents, legal guardian, or close relative of the child at any time from the child's birth until their 18th birthday.
It is highly recommended to open a Treasury Start Securities Account if you wish to invest in a government security specifically designed for children with a high yield, as the Baby Bond.
The Baby Bond guarantees an interest rate that exceeds the previous year's consumer price index (inflation) by 3%. The nominal value of the Baby Bond is HUF 1.
The Treasury Start Securities Account is flexible, because there is no mandatory minimum deposit requirement, and the government provides additional support for individual contributions (up to 10% of the deposited amount, maximum HUF 12,000 annually).
From February 13, 2024, the amount that can be paid into the Start account by natural persons cannot exceed HUF 1,200,000 in one calendar year.
The life-start support provided for the child is automatically transferred to the Treasury Start Securities Account on which the amount is automatically invested in the Baby Bond, thereby increasing the amount of savings. It should be noted that Hungarian children born after January 31, 2005, and living in Hungary are entitled to life-start support based on a statutory right, while Hungarian children born after June 30, 2017, and residing abroad are eligible to apply for life-start support. The current amount of life-start support is set at HUF 42,500.
The maintenance of the Treasury Start Securities Account is free of charge, and no additional fees are charged for purchasing the Baby Bond.
Electronic access can be requested for the Treasury Start Securities Account, therefore the account is accessible via WebKincstár, MobilKincstár, and TeleKincstár free of charge.
The Treasury Start Securities Account can be opened at any customer service centres of the government securities distribution offices of the Hungarian Treasury or even online without personal appearance (through the Customer Gatewy).
Government securities can be purchased after the opening of the account personally by visiting any customer service centres of the government securities distribution offices of the Hungarian Treasury or through the WebKincstár and MobilKincstár platforms without personal appearance.