Prez Touts His 'Trump Accounts' – Here's How He's Giving Newborns a Financial Stake in America’s Future

President Trump headed to the U.S. Department of Treasury Wednesday to talk about his "Trump Accounts" (savings accounts for babies) and to tout his administration's efforts to bring the American dream to families across the nation.

The savings accounts, which will officially launch on July 4, which just happens to also be the 250th birthday of the United States of America, will operate similarly to individual retirement accounts. Money for the accounts was allotted in the One Big Beautiful Bill Act, which Trump signed into law last summer, establishing the accounts and providing the funding for them. Although they won't launch until July, parents can begin registering their children now at TrumpAccounts.gov.

Also at Wednesday's Treasury summit were rapper Nicki Minaj, Senator Ted Cruz (R-TX), and actress Cheryl Hines, who is married to Health and Human Services Secretary Robert F. Kennedy, Jr.

Trump Accounts are available for American children born between January 1, 2025 and December 31, 2028; the children must have a valid Social Security number to be eligible. Once they are registered, the children will then be given a stock market account with a one-time deposit of $1,000 from the U.S. Treasury.

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Kids who are younger than 10 years old, but too old to qualify for baby accounts, could receive a one-time payment of $250, provided they live within a zip code that has a median household income that is less than $150,000 per year. The money for those deposits comes from a $6.25 billion donation from computer mogul Michael Dell and his wife, Susan.

In addition, parents or guardians of children with Trump Accounts will be able to deposit up to $5,000 per year starting in July.

During his remarks Wednesday, President Trump revealed that several large companies would be adding Trump Accounts to their employee benefits packages. In addition, companies like Uber, Schwab, Charter, Intel, Nvidia, Broadcom, IBM, Steak 'n Shake, Coinbase, Continental Resources, and Comcast would be donating to money to help fund the accounts. And, in an interesting twist, Trump said Visa would allow cash back rewards to be deposited directly into Trump Accounts.

Shortly before the summit began, Bank of America announced it will be depositing funds into the accounts for its eligible employees.

The bank said it will match the government’s $1,000 contribution to the newly established accounts for children born between Jan. 1, 2025, and Dec. 31, 2028 for all 165,000 U.S. employees.
Additionally, the bank will enable its employees with children under age 18 to make pretax contributions to Trump accounts through payroll deductions.

Investor and entrepreneur Kevin O'Leary, a frequent guest on cable news shows, appeared alongside the president to tout the new savings accounts, enthusing, "Today, there's 110M Americans who basically have no plan for their future... this idea, the Trump Account, solves that problem... This is a way for the country to heal itself..."

It was clear President Trump was also excited about the new savings accounts, which are part of his economic plan to revive an economy that was battered by the onerous policies of the Biden administration.

A lil' @TrumpAccounts shimmy pic.twitter.com/aFGEl803sm
— Rapid Response 47 (@RapidResponse47) January 28, 2026

The president told the crowd, "For the first time ever, we're going to give every newborn American child a financial stake in the future, a head start at life, and a fair shot at the American Dream."

If you have a child that qualifies for the new accounts, be sure to register at TrumpAccounts.gov.

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