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Treasury Unveils Kids Savings App with $1,000 Seed

5/28/2026

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Summary

Story summary

U.S. Treasury Department launched an app on Thursday that lets families manage Trump Accounts.
The program gives each child born Jan 1 2025–Dec 31 2028 a $1,000 contribution and allows families to add up to $5,000, kept in low-cost U.S. index funds until age 18.
Robinhood and BNY Mellon built the app, which includes eight literacy modules, is on Apple and Google stores, and activates on July 4 when the $1,000 seed deposit is made.

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Story summary

U.S. Treasury Department launched an app on Thursday that lets families manage Trump Accounts.
The program gives each child born Jan 1 2025–Dec 31 2028 a $1,000 contribution and allows families to add up to $5,000, kept in low-cost U.S. index funds until age 18.
Robinhood and BNY Mellon built the app, which includes eight literacy modules, is on Apple and Google stores, and activates on July 4 when the $1,000 seed deposit is made.