Children's Investment Accounts
Treasury Department Launches New 'Trump Accounts' Offering $1,000 for Eligible Children
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The US Treasury Department has officially launched "Trump Accounts," investment accounts for children under 18, according to UPI. Children born between January 1, 2025, and December 31, 2028, automatically receive a $1,000 deposit from the federal government to start their account.
Parents can now set up these accounts following authorization in last year's "Big Beautiful Bill." The accounts accept up to $5,000 in private contributions per year, Idaho Statesman reported.
How Trump Accounts Work and Who Qualifies
Any child under 18 is eligible to have a Trump Account opened by a parent or guardian. For children born between 2025 and 2028, the federal government seeds the account with $1,000 at no cost to the family, according to Ledger-Enquirer.
After the initial deposit, families can add up to $5,000 per year to grow the account. The goal, the administration says, is to give every child a head start building wealth. The money sits in an investment account and can grow over time.
Over 50 Companies Promise to Contribute for Workers' Kids
More than 50 companies have pledged to put money into Trump Accounts for their employees' children, according to Sun Herald. These contributions go to workers' kids whether or not the child qualifies for the government's $1,000 deposit.
That means even children born before 2025 — who do not get the federal seed money — could still benefit if their parent works for a participating employer. The administration is calling private business involvement a key part of the program's success.
The Big Beautiful Bill Made This Program Possible
Congress authorized the Trump Accounts program through last year's legislation known as the "Big Beautiful Bill." That law gave the Treasury Department the power to create and manage the accounts, News Observer reported.
The Treasury Department moved quickly to roll out the program after the bill passed. Officials say the accounts are meant to help children begin building savings early in life. The administration framed the launch as giving kids a shot at the "American Dream" from day one.
What Families Should Know Before Opening an Account
Parents and guardians can start setting up accounts now through the Treasury's process. Children born in the 2025–2028 window get the $1,000 federal deposit automatically. Children outside that window can still have an account opened and receive private contributions, according to UPI.
The $5,000 annual contribution cap applies to all accounts. Because the money is invested, its value can go up or down over time. Families should treat these accounts as long-term savings tools, not short-term cash.
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