A new mobile app launches Thursday allowing parents to manage Trump Accounts, tax-deferred savings accounts for children.
The government will contribute $1,000 to accounts for children born between January 2025 and December 2028.
Parents and others combined can contribute up to $5,000 annually, but the accounts won't open for investment until July 4.
AI-generated summary was reviewed by a CNN editor.
There is a new app going live on Thursday for parents who set up Trump Accounts for their children, Treasury Secretary Scott Bessent said Wednesday.
