Treasury Launches Trump Accounts App For New Federal Child Savings Program
The Treasury launched the Trump Accounts app on Thursday, May 28, 2026, rolling it out on all major platforms as the front end for a new federal child savings program.[1]
Treasury Secretary Scott Bessent told a Cabinet meeting on Wednesday, May 27, 2026, that the app would arrive Thursday "on all major platforms." PBS He called Trump Accounts a "great symbol of the 250th anniversary" and said nearly 6 million children had already been signed up ahead of the program's official July 4 launch.[1]
The Trump Accounts program stems from Trump-era tax legislation that mandates a $1,000 deposit for each eligible newborn.[1] Money deposited into the accounts is planned to be invested in the stock market until the child reaches age 18.[1]
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📌 Key Facts
- At a Cabinet meeting on Wednesday, May 27, 2026, Treasury Secretary Scott Bessent said the Trump Accounts app would launch Thursday, May 28, 2026, “on all major platforms.”
- Bessent described the program as a “great symbol of the 250th anniversary” and said nearly 6 million kids had already been signed up ahead of the program’s official July 4, 2026 launch date.
- The Trump Accounts program stems from Trump‑era tax legislation and is intended to deposit $1,000 for each eligible newborn.
- Money deposited into Trump Accounts is planned to be invested in the stock market until the child reaches age 18.
- The reporting appears in the PBS News article titled “Bessent says Trump Accounts app coming Thursday”, published Thursday, May 28, 2026 10:44 AM (Central).
📰 Source Timeline (2)
Follow how coverage of this story developed over time
- At a Cabinet meeting on Wednesday, May 27, 2026, Treasury Secretary Scott Bessent said the Trump Accounts app would launch Thursday, May 28, 2026, "on all major platforms."
- Bessent described Trump Accounts as a "great symbol of the 250th anniversary" and said that "nearly 6 million kids" had already been signed up ahead of the program's official July 4, 2026 launch date.
- The article reiterates that Trump Accounts stem from Trump-era tax legislation and are intended to deposit $1,000 for each eligible newborn, invested in the stock market until age 18.