The Trump administration is launching a new savings program designed to give U.S. children a financial head start. Known as “Trump Accounts,” the initiative provides $1,000 from the federal government for every child born between January 1, 2025, and December 31, 2028, when parents open an account in the child’s name. The funds will be invested in U.S. equity index funds managed by private financial institutions, and the account will be fully accessible to the child upon turning 18.
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Parents, relatives, employers, and philanthropic organizations may make additional contributions to the accounts, with annual deposits capped at $5,000. Contributions from private sources, including employers and charities, do not count toward this limit. The program is intended to introduce children to investing and provide an opportunity to build long-term financial security.
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Several major corporations have pledged to support the initiative. Bank of America and JPMorgan Chase will match the federal government’s $1,000 contribution for eligible employees’ children. Intel, Visa, Charles Schwab, and other companies have made similar commitments, while Visa allows credit card holders to contribute rewards to the accounts. Technology entrepreneur Michael Dell and his wife, Susan, pledged $6.25 billion to provide $250 seed money to children under 10 living in low- and middle-income ZIP codes.
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Parents can enroll their children when filing taxes or through an online portal opening in July 2026. To qualify, a child must be a U.S. citizen with a Social Security number. Funds can be used for higher education, home purchases, or other qualified purposes once the child turns 18, though access before that age is limited.
“This is a pro-family initiative that will help millions of Americans harness the strength of our economy to lift up the next generation. And they’ll really be getting a big jump on life,” President Donald Trump stated.
