Treasury launches Trump Accounts giving $1,000 to every eligible newborn

The Treasury Department and White House unveiled the Trump Accounts program on January 28, 2026, establishing tax-deferred savings accounts seeded with a $1,000 federal deposit for every American child born between January 1, 2025, and December 31, 2028. The money must be invested in U.S. equity index funds with fees capped at 0.10 percent annually, with accounts going live on July 4, 2026. Treasury Secretary Scott Bessent predicted 25 million Americans would participate, and 600,000 families had already signed up at launch.