Children born in the United States from January 2025 through December 31, 2028, will be eligible for a $1,000 deposit into a savings account.
Vanessa Velasco, a Las Vegas mother expecting a baby boy in three months, said she and her husband plan to register him for a Trump Savings account, which will provide the funds from the U.S. Treasury Department to help support their child’s future.
Parents will be able to register for the account starting in July 2026.
Victor Wang, representing Stockpile, a company focused on teaching kids and families how to invest, noted that many rules still need to be finalized before that time. He encouraged parents to see the $1,000 as more than immediate cash. “It is not for today, it’s for the future. There aren’t that many times where the government has said – ‘We’re going to force a learning of an entire generation, to understand what an investment will be,’” Wang said.
While Velasco is interested in learning more about investment options, she is also considering college savings for her child. Wang said a 529 plan currently offers stronger benefits for education than the Trump account.
A 529 plan allows federal tax-free withdrawals for qualified expenses, including tuition, room and board, and supplies. According to Wang, the Trump account is better suited for future business ventures, a home down payment, or retirement savings. “I see a lot of people who didn’t do the college route, but have amazing businesses; something like this is perfect for them,” he said.
Families and even employers can contribute up to $5,000 annually to the account until the child turns 18, but the funds can only be invested in a qualified mutual fund.
