Trump Accounts for newborns to launch July 4 with $1K Treasury seed

Trump Accounts, the government-funded investment vehicle for children born during President Trump's second term, will launch Saturday. The accounts link the nation's 250th anniversary to financial independence for the next generation. Parents can open an account for any child born between Jan. 1, 2025, and the present.

Micron investment announced Semiconductor company Micron announced it would invest $250 million into the accounts ahead of the launch. The Boise, Idaho-based chip giant said the money would come through an employee matching program. The company will match contributions of up to $1,000 per child under 18 for its workers.

Micron will also make a one-time $250 deposit into accounts for children in counties where it has locations. Those locations include California, Colorado, Idaho, Minnesota, New York, Texas and Virginia. Micron said the investments will benefit roughly 1 million children.

“This incredible gesture, made by Micron's fantastic CEO Sanjay Mehrotra, will make many children extremely happy someday in the not too distant future.”

limits Created under last year's One Big Beautiful Bill Act, the accounts function like individual retirement accounts for minors. The Treasury Department will seed each account with a $1,000 contribution invested in the stock market. Parents, employers, relatives and philanthropies can add deposits.

Private investment firms will manage the funds. Children cannot access the money until age 18, and withdrawals are limited to buying a home or paying tuition. The federal government will contribute $1,000 to each account. That will cost taxpayers roughly $3.6 billion a year, based on the 3.6 million U.S. births in 2024.

The new accounts launch on the one-year anniversary of President Trump signing the One Big Beautiful Bill Act into law.