WASHINGTON — The Trump Accounts program went live on July 4, 2026. The initiative provides $1,000 in seed money from the U.S. Treasury to every child born between January 1, 2025, and December 31, 2028, as part of a new federal investment effort.

The Treasury Department reports 6.5 million sign-ups for Trump Accounts, with 1.5 million eligible for the $1,000 seed funding. The White House reported 6 million account requests as of July 6, 2026.

"Trump Accounts level the playing field by allowing every parent to invest in their children’s future, not just wealthy families with trust funds," the U.S. Treasury Department said. "With roughly 1 million sign-ups per month before launch, Trump Accounts have become the most popular and successful government-backed savings product in U.S. history."

Trump Accounts can be opened for any child under the age of 18 who is a U.S. citizen with a valid Social Security number. The accounts must be opened by a parent, legal guardian, grandparent, or sibling on the child's behalf. Trump Accounts are structured as traditional individual retirement accounts (IRAs) for children.

Money in Trump Accounts is invested in index funds by private firms and cannot be accessed until the child turns 18. Currently, all money deposited in Trump Accounts is invested in State Street Bank’s SPDR Portfolio, which mirrors the S&P 500 stock index. Funds can only be withdrawn at age 18 for specific purposes such as education, opening a business, or buying a home.

Additional contributions from relatives are limited to $5,000 a year, while employers and charities may contribute up to $2,500 annually. Tech executive Michael Dell and his wife Susan Dell are providing $250 for the first 25 million kids under age 10 who sign up for Trump Accounts and live in middle-to-lower-income neighborhoods. The congressional funding for the $1,000 government gift expires on September 30, 2034.

Parents can sign up for Trump Accounts using IRS Form 4547. Masaki McLellan applied for a Trump Account for his daughter Maya on July 6, 2026. Masaki McLellan was initially told the $1,000 seed funding would arrive in 10 days, but later received an estimate of up to four weeks.

"We definitely want to give her options for her future and make sure she can choose what she wants to do," studio director Kristina McLellan said. The Treasury Department stated that the overwhelming majority of parents are waiting only one to two days for seed funding. The Treasury Department described the processing time for Trump Accounts as standard, similar to receiving a tax refund.

President Donald Trump rang the opening bell for the New York Stock Exchange and the Nasdaq in the Oval Office at the White House on Monday, July 6, 2026. A June survey by the Associated Press-NORC Center for Public Affairs Research found that 33% of U.S. adults approve of President Trump’s economic leadership.

The program represents a large-scale federal effort to link childhood savings to equity markets, with eligibility tied to birth years 2025 through 2028 and access restricted until age 18. With millions of requests recorded within days of the July 4 launch, the initiative draws direct public participation into a structure that channels seed capital through private index funds.

Congressional appropriations for the $1,000 seed grants run through September 30, 2034, establishing a defined window for the government-backed component. The One Big Beautiful Bill, which authorized the accounts, also altered funding for Medicaid and the Supplemental Nutrition Assistance Program, situating the investment program within a broader legislative package.