At age 18, savings deposits will be discontinued, and the child will be allowed to withdraw the money from the savings account, with parental approval, by submitting a money withdrawal request to the entity managing the savings (provident fund or bank) together with his bank account details.
Please note, unless the child withdraws savings money before turning 21, the National Insurance Institute will deposit another grant of NIS 568 (as of Jan 01, 2024) into the savings.