Bank of America and JPMorgan Chase Fund Trump Accounts for Employees

Bank of America and JPMorgan Chase are each pledging a matching $1,000 contribution for employees who open a Trump Account, a retirement savings plan for U.S. children born between January 1, 2025, and December 31, 2028. The federal government will also start these accounts with $1,000, which can be invested in the stock market. Other companies like Intel and Charles Schwab are making similar contributions, supporting families’ financial futures. Families can begin contributing to these accounts on July 4, with a total annual limit of $5,000 per child.