Trump Account signups reach 7 million — Bessent says it's 'the most successful launch in government history'
Trump Accounts, also known as 530A accounts, were established through President Donald Trump's "big beautiful bill" and are open to any U.S. child under 18 with a Social Security number. Children born from 2025 through 2028 can receive a one-time $1,000 deposit from the Treasury Department as part of a pilot program designed to jump-start long-term savings.Parents, guardians, grandparents and others can also contribute up to $5,000 per child per year.
- ▪Trump Accounts, also known as 530A accounts, were established through President Donald Trump's "big beautiful bill" and are open to any U.S. child under 18 with a Social Security number.
- ▪Children born from 2025 through 2028 can receive a one-time $1,000 deposit from the Treasury Department as part of a pilot program designed to jump-start long-term savings.Parents, guardians, grandparents and others can also contribute up t
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/07/27/bessent-trump-account-signups-reach-7-million.html |
| Publication time | Mon, 27 Jul 2026 17:11:18 GMT |
| Retrieval time | 2026-07-27T17:16:33.962Z |
| Last seen | 2026-07-27T17:16:33.962Z |
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| Cluster | 2oQn4nnR_r56 · 1 stories |
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Opening excerpt (first ~120 words) tap to expand
Trump Accounts, also known as 530A accounts, were established through President Donald Trump's "big beautiful bill" and are open to any U.S. child under 18 with a Social Security number. Children born from 2025 through 2028 can receive a one-time $1,000 deposit from the Treasury Department as part of a pilot program designed to jump-start long-term savings.Parents, guardians, grandparents and others can also contribute up to $5,000 per child per year. Those contributions will be invested in exchange-traded funds that track the performance of the S&P 500.With the free money as a draw, Trump Accounts could potentially generate $80 billion to more than $900 billion in long-term asset accumulation for children across all income levels over the next decade, according to a recent analysis by…
Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Top.
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