JPMorgan Chase to Match $1,000 Contributions for Employees’ Children’s Trump Accounts
President Donald Trump on Wednesday announced Trump Accounts, an investment program aimed at children born in the U.S. between January 1, 2025, and December 31, 2028.
JPMorgan Chase revealed on Wednesday that it will match the government’s $1,000 contribution to the proposed “Trump Accounts” for the children of its U.S. employees.
The bank stated it will deposit an additional $1,000 into the Trump Accounts of children born to eligible employees during the specified timeframe.
The initiative, as outlined by the Trump administration, is designed to encourage early saving and investing for children.
“JPMorgan Chase has demonstrated a long-term commitment to the financial health and well-being of all of our employees and their families around the world, including more than 190,000 here in the United States,” said Jamie Dimon, chairman and CEO of JPMorgan Chase, in a statement. “By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future.”
HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: ‘A FINANCIAL STAKE IN THE FUTURE’
JPMorgan Chase CEO Jamie Dimon announced the bank will match the federal government’s $1,000 Trump Accounts contribution for eligible employees’ children. (Eva Marie Uzcategui/Bloomberg via Getty Images / Getty Images)
Trump Accounts were introduced as part of the One Big Beautiful Bill Act last year, aiming to provide newborns with a government-backed savings program. The official launch is scheduled for July 4, 2026.
Under this program, accounts funded with $1,000 from the U.S. Treasury will be available to every American child born between January 1, 2025, and December 31, 2028. Authorized adults, including parents, guardians, adult siblings, or grandparents, can establish these accounts, provided the child has a valid Social Security number.
Without any additional contributions, a child’s account is projected to be worth approximately $5,800 by age 18 and around $200,000 by age 55.
With annual contributions of $5,000, the account could grow to nearly $304,000 by the time the child turns 18 and about $2.7 million by age 55.
BANK OF AMERICA TO MATCH $1,000 GOVERNMENT DEPOSITS FOR TRUMP ACCOUNTS
President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, D.C., on Wednesday, January 28, 2026. (Valerie Plesch/Bloomberg via Getty Images / Getty Images)
President Donald Trump celebrated the launch of the Trump Accounts, urging employers nationwide to assist their workers’ children in building savings.
“I’m officially calling on all employers across America to follow the lead of many of these amazing companies and make matching Trump Account contributions to benefit the American worker, and they’re going to benefit the American worker so much,” the president stated during an event on Wednesday.
Several major companies have already expressed support for the initiative, including Bank of America, which plans to contribute $1,000 for eligible employees’ children across its approximately 165,000 U.S. workforce.
Steak ’n Shake, the Indianapolis-based fast-food chain, also announced plans to contribute $1,000 to Trump Accounts for the children of its employees.
Treasury Secretary Scott Bessent speaks during the Trump Accounts Launch Summit in Washington, DC, on January 28. (Valerie Plesch/Bloomberg via Getty Images / Getty Images)
Turning Point USA and Turning Point Action, nonprofits founded by the late Charlie Kirk, will also match the federal government’s $1,000 contribution to Trump Accounts for eligible employees’ newborns. CEO Erika Kirk expressed that the groups will honor her late husband through a company-sponsored dollar-for-dollar match.
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Fox News Digital’s Rachel Wolf, Louis Casiano, and Alexandra Koch contributed to this report.
President Donald Trump on Wednesday announced Trump Accounts, an investment program aimed at children born in the U.S. between January 1, 2025, and December 31, 2028.
JPMorgan Chase revealed on Wednesday that it will match the government’s $1,000 contribution to the proposed “Trump Accounts” for the children of its U.S. employees.
The bank stated it will deposit an additional $1,000 into the Trump Accounts of children born to eligible employees during the specified timeframe.
The initiative, as outlined by the Trump administration, is designed to encourage early saving and investing for children.
“JPMorgan Chase has demonstrated a long-term commitment to the financial health and well-being of all of our employees and their families around the world, including more than 190,000 here in the United States,” said Jamie Dimon, chairman and CEO of JPMorgan Chase, in a statement. “By matching this contribution, we’re making it easier for them to start saving early, invest wisely, and plan for their family’s financial future.”
HOW TO KNOW IF YOUR CHILD QUALIFIES FOR A TRUMP ACCOUNT: ‘A FINANCIAL STAKE IN THE FUTURE’
JPMorgan Chase CEO Jamie Dimon announced the bank will match the federal government’s $1,000 Trump Accounts contribution for eligible employees’ children. (Eva Marie Uzcategui/Bloomberg via Getty Images / Getty Images)
Trump Accounts were introduced as part of the One Big Beautiful Bill Act last year, aiming to provide newborns with a government-backed savings program. The official launch is scheduled for July 4, 2026.
Under this program, accounts funded with $1,000 from the U.S. Treasury will be available to every American child born between January 1, 2025, and December 31, 2028. Authorized adults, including parents, guardians, adult siblings, or grandparents, can establish these accounts, provided the child has a valid Social Security number.
Without any additional contributions, a child’s account is projected to be worth approximately $5,800 by age 18 and around $200,000 by age 55.
With annual contributions of $5,000, the account could grow to nearly $304,000 by the time the child turns 18 and about $2.7 million by age 55.
BANK OF AMERICA TO MATCH $1,000 GOVERNMENT DEPOSITS FOR TRUMP ACCOUNTS
President Donald Trump speaks during the Trump Accounts Launch Summit in Washington, D.C., on Wednesday, January 28, 2026. (Valerie Plesch/Bloomberg via Getty Images / Getty Images)
President Donald Trump celebrated the launch of the Trump Accounts, urging employers nationwide to assist their workers’ children in building savings.
“I’m officially calling on all employers across America to follow the lead of many of these amazing companies and make matching Trump Account contributions to benefit the American worker, and they’re going to benefit the American worker so much,” the president stated during an event on Wednesday.
Several major companies have already expressed support for the initiative, including Bank of America, which plans to contribute $1,000 for eligible employees’ children across its approximately 165,000 U.S. workforce.
Steak ’n Shake, the Indianapolis-based fast-food chain, also announced plans to contribute $1,000 to Trump Accounts for the children of its employees.
Treasury Secretary Scott Bessent speaks during the Trump Accounts Launch Summit in Washington, DC, on January 28. (Valerie Plesch/Bloomberg via Getty Images / Getty Images)
Turning Point USA and Turning Point Action, nonprofits founded by the late Charlie Kirk, will also match the federal government’s $1,000 contribution to Trump Accounts for eligible employees’ newborns. CEO Erika Kirk expressed that the groups will honor her late husband through a company-sponsored dollar-for-dollar match.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Fox News Digital’s Rachel Wolf, Louis Casiano, and Alexandra Koch contributed to this report.
