President Donald Trump on Wednesday announced the Trump Accounts, an investment program for children born in the US between Jan. 1, 2025, and Dec. 31, 2028.
JPMorgan Chase announced Wednesday that it will match the government’s $1,000 contribution to proposed “Trump Accounts” for the children of its American employees.
The bank said it would add an additional $1,000 to Trump accounts for children born to eligible employees between Jan. 1, 2025, and Dec. 31, 2028.
The company said the Trump administration’s plan is designed to encourage early saving and investing in children.
“JPMorgan Chase has demonstrated a long-term commitment to the financial health and well-being of all our employees and their families around the world, including more than 190,000 here in the United States,” said Jamie Dimon, chairman and CEO of JPMorgan Chase, in a statement. “By matching this offering, we make it easier for them to start saving early, invest wisely, and plan for their family’s financial future.”
HOW TO KNOW IF YOUR CHILD IS DESERVED FOR A TRUMP ACCOUNT: ‘FUND FOR TOMORROW’
JPMorgan Chase CEO Jamie Dimon announced that the bank will match the federal government’s contribution to Trump Accounts for children of eligible employees. (Eva Marie Uzcategui/Bloomberg via Getty Images/Getty Images)
Trump’s accounts were included in the One Big Beautiful Bill Act last year as a measure to provide newborns with a government-backed savings plan and are scheduled to officially launch on July 4, 2026.
Under the program, accounts funded with $1,000 from the US Treasury will be available to every American child born between Jan. 1, 2025, and Dec. 31, 2028. Accounts can be established by an authorized adult, including a parent, guardian, sibling or grandparent, as long as the child has a valid Social Security number.
Without any additional contributions, a child’s account is estimated to be worth $5,800 at age 18 and nearly $200,000 at age 55.
With annual contributions of $5,000, the account can grow to about $304,000 by the time the child turns 18 and about $2.7 million by age 55.
BANK OF AMERICA MATCHES $1,000 GOVERNMENT DEPOSITS TO TRUMP’S ACCOUNTS
President Donald Trump speaks during the Trump Accountability Summit in Washington, DC, on Wednesday, Jan. 28, 2026. (Valerie Plesch/Bloomberg via Getty Images/Getty Images)
President Donald Trump celebrated the launch of Trump Accounts on Wednesday, as he encouraged employers across the country to help their employees save money.
“I formally invite all employers across America to follow the lead of these wonderful companies and make donations to the Trump Account to benefit the American worker, and they will greatly benefit the American worker,” the president said at Wednesday’s event.
Many large companies have already signed on to support the program, including Bank of America, which plans to donate $1,000 to the children of eligible employees among its approximately 165,000 American employees.
Steak ‘n Shake, the Indianapolis-based fast food chain, also announced plans to donate $1,000 to Trump Accounts for the children of its employees.
Treasury Secretary Scott Bessent speaks during the Trump Accountability Conference in Washington, DC, on Jan. 28. (Valerie Plesch/Bloomberg via Getty Images/Getty Images)
Turning Point USA and Turning Point Action, the nonprofits founded by the late Charlie Kirk, will match the federal government’s $1,000 donation to Trump Accounts for newborns of eligible employees. CEO Erika Kirk said Wednesday the teams will honor her late husband with a dollar-for-dollar game sponsored by the company.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Fox News Digital’s Rachel Wolf, Louis Casiano and Alexandra Koch contributed to this report.
