President Donald Trump officially launched the federal government’s new Trump Accounts savings initiative today, celebrating the program by remotely ringing the opening bells of both the New York Stock Exchange and Nasdaq from the White House.
The investment accounts, created under the One Big Beautiful Bill Act signed into law last year, are designed to give eligible American children a financial head start through federally funded seed money and tax-advantaged private contributions.
“This is about the Trump Accounts, which are absolutely incredible for children,” Trump said during the event. “Children at the age of 18, and after, become very wealthy people – come into the world with essentially no money and end up at a pretty young age being very rich.”
“That’s something that we’ve wanted to do, this country’s wanted to do for 25 years,” he added.
HISTORIC: President Trump rings the NYSE opening bell from the Oval Office to kick off @TrumpAccounts!
— Republicans (@Republicans) July 6, 2026
Securing the American Dream for the next generation 🇺🇸 pic.twitter.com/ByER6luJAe
How Trump Accounts Work
The program provides a one-time $1,000 federal contribution to eligible children born between 2025 and 2028, with the funds invested in low-cost index funds tied to the United States stock market.
Parents and guardians may contribute up to $5,000 annually to their child’s account, while employers can contribute up to $2,500 per year without those contributions counting as taxable income for employees.
According to the administration, the accounts are intended to allow long-term investment growth by giving children exposure to broad segments of the American stock market.
On July 4, the administration deposited the first round of seed money into more than 500,000 Trump Accounts, Trump announced Monday.
“Millions more will be getting additional contributions from generous donors,” he said.
Among those donors are Dell Technologies founder Michael Dell and his wife, Susan Dell, who pledged $6.25 billion to provide an additional $250 contribution for eligible children age 10 and younger.
Trump encouraged families to allow the investments to remain in the accounts rather than withdrawing them when children become eligible.
“They can flip, or their people can flip it over into other vehicles at a certain age so that they don’t take it out,” Trump said. “I would recommend that they probably don’t take it out.”
Investing in the Market
The administration also launched the official Trump Accounts app over the weekend as enrollment opened to the public.
With Monday’s stock market opening, Trump said the investments officially began participating in the market.
“Today with the ringing of the opening bell for the stock market, those accounts will now begin to grow right along with our booming economy,” he said.
“I really believe we’re going to have the biggest boom of all right now. You haven’t seen anything yet.”
Trump estimated that approximately $800 million in new capital would be invested in the stock market on behalf of American children during the program’s first week through a combination of federal seed funding and private contributions.
Initial Investment Option
At launch, participants have one investment option available: the State Street SPDR Portfolio S&P 500 ETF (SPYM), a low-cost exchange-traded fund that tracks the performance of the S&P 500 Index.
The Treasury Department has indicated that four additional investment options will become available in the coming months. Those funds are expected to include:
- Two total U.S. stock market ETFs offered by Vanguard and iShares;
- A State Street ETF tracking the broader S&P 1500 Index; and
- An additional iShares S&P 500 ETF.
The administration says the expanded lineup will give families additional choices while maintaining the program’s emphasis on broadly diversified, low-cost investments.
The Trump Accounts initiative represents one of the administration’s signature efforts to encourage long-term wealth building through market investing, with supporters arguing that early investment and compound growth could help millions of children accumulate meaningful savings by adulthood. Critics, on the other hand, have questioned the program’s cost and its reliance on market performance.
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