To be clear, take the $1K that Trump wants to give newborn kids—I mean, why not? But never put another dime in an account like this.

Money contributed to Trump Accounts at launch will be put in the State Street SPDR Portfolio S&P 500 ETF as an initial default investment.

The Trump administration officially launched "Trump Accounts" on July 4, which have been set up for parents to save money for their children.

Trump Accounts launch July 4, 2026, offering a $1,000 federal seed contribution for newborns with up to $5,000 in annual private contributions.

TrumpAccounts launched July 4, 2026, seeding $1,000 for eligible U.S. children with S&P 500 index funds and $6.25B in private pledges from Michael Dell.

Trump Accounts for kids are a legit investment savings accounts for children under 18. These kids are eligible for seed money. How do they work?

As Trump Accounts launch, millions of parents are figuring out how the new investment accounts fit with their family's financial goals.

Trump Accounts are officially open. They’re the first federal tax-advantaged investment accounts for kids. Some 87 companies, foundations, individuals and states have announced…

Compare Trump Accounts and 529 plans to see which savings tools reach families, avoid fees and support children who need assets most.

To be clear, take the $1K that Trump wants to give newborn kids—I mean, why not? But never put another dime in an account like this.

Families can still benefit even if their children aren't eligible for the free $1,000 contribution from the federal government.