{"id":45195,"date":"2026-07-02T18:26:04","date_gmt":"2026-07-02T18:26:04","guid":{"rendered":"https:\/\/financialrush.com\/?p=45195"},"modified":"2026-07-02T18:26:04","modified_gmt":"2026-07-02T18:26:04","slug":"trump-accounts-boosted-by-growing-list-of-employer-matches","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=45195","title":{"rendered":"Trump Accounts boosted by growing list of employer matches"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107345747\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>The Goldman Sachs headquarters in New York.<\/p>\n<p>Bloomberg | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/07\/01\/trump-accounts-launch-july-4.html\">Trump Accounts<\/a> officially debut July 4, and now more companies are showing their support for the new savings and investing initiative.<\/p>\n<p>The accounts, also known as 530A accounts, are available for children under age 18. Parents or guardians of babies born between 2025 and 2028 who open a <a href=\"https:\/\/www.cnbc.com\/taxes\/\">tax-deferred<\/a> Trump Account will receive a $1,000 initial deposit from the U.S. Department of the Treasury. <\/p>\n<p>To help fund build these investing accounts, a growing number of employers, including <a href=\"https:\/\/www.cnbc.com\/quotes\/BK\/\">Bank of New York Mellon<\/a>,\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/BLK\/\">BlackRock<\/a>, <a href=\"https:\/\/www.cnbc.com\/quotes\/SCHW\/\">Charles Schwab<\/a>, <a href=\"https:\/\/www.cnbc.com\/quotes\/CHTR\/\">Charter Communications<\/a>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-7\"><a href=\"https:\/\/www.cnbc.com\/quotes\/CHYM\/\">Chime Financial<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>,\u00a0<span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-8\"><a href=\"https:\/\/www.cnbc.com\/quotes\/CMG\/\">Chipotle Mexican<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-9\"><a href=\"https:\/\/www.cnbc.com\/quotes\/CMCSA\/\">Comcast<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>,\u00a0<span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-10\"><a href=\"https:\/\/www.cnbc.com\/quotes\/INTC\/\">Intel<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-11\"><a href=\"https:\/\/www.cnbc.com\/quotes\/JPM\/\">JPMorgan Chase<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-12\"><a href=\"https:\/\/www.cnbc.com\/quotes\/MU\/\">Micron Technology<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>,\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/HOOD\/\">Robinhood<\/a>\u00a0and <a href=\"https:\/\/www.cnbc.com\/quotes\/SOFI\/\">SoFi<\/a>, among others, said they will match the federal $1,000 contribution for their own employees&#8217; children.<\/p>\n<p>On Thursday, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-15\"><a href=\"https:\/\/www.cnbc.com\/quotes\/GS\/\">Goldman Sachs<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>\u00a0and\u00a0<span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/MS\/\">Morgan Stanley<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> also promised to match contributions to Trump Accounts for their employees to encourage early\u00a0<a href=\"https:\/\/www.cnbc.com\/video\/2025\/05\/13\/sen-ted-cruz-on-invest-america-act-allows-kids-to-climb-the-economic-ladder-much-faster.html\">wealth-building<\/a>.<\/p>\n<p>&#8220;Starting early and staying invested for the long term is one of the most reliable ways American families build lasting financial security,&#8221; David Solomon, chairman and CEO of Goldman Sachs, said in a statement.\u00a0<\/p>\n<\/div>\n<div class=\"group\">\n<div class=\"RelatedContent-relatedContent\" id=\"RegularArticle-RelatedContent-1\">\n<div class=\"RelatedContent-container\">\n<div class=\"RelatedContent-nonCollapsibleContent\">\n<h2 id=\"read-more-cnbc-personal-finance-coverage\" class=\"RelatedContent-header\">Read more CNBC personal finance coverage<\/h2>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>&#8220;The momentum we have around this is totally extraordinary,&#8221; Altimeter Capital CEO Brad Gerstner, who helped spearhead the investing accounts, said Thursday on CNBC&#8217;s\u00a0&#8220;<a href=\"https:\/\/www.cnbc.com\/halftime\/\">Halftime Report<\/a>.&#8221; <\/p>\n<p>Additional funds may also be available, depending on certain criteria.<\/p>\n<p>Children born between 2016 and 2024 \u2014 who wouldn&#8217;t qualify for the $1,000 contribution \u2014\u00a0<a href=\"https:\/\/investamerica.org\/dell\/\" target=\"_blank\">could get $250<\/a>\u00a0if they live in a ZIP code where the median income is $150,000 or less, courtesy of a\u00a0<a href=\"https:\/\/www.cnbc.com\/2025\/12\/02\/michael-susan-dell-trump-accounts.html\">$6.25 billion<\/a>\u00a0pledge from tech CEO\u00a0<a href=\"https:\/\/www.cnbc.com\/michael-dell\/\">Michael Dell<\/a>\u00a0and his wife, Susan.\u00a0<\/p>\n<p>Children in Connecticut\u00a0could <a href=\"https:\/\/www.cnbc.com\/2025\/12\/17\/ray-dalio-trump-child-savings-accounts.html\">qualify for a donation<\/a>\u00a0from billionaire hedge fund manager<a href=\"https:\/\/www.cnbc.com\/ray-dalio\/\">\u00a0Ray Dalio<\/a>\u00a0and his wife, Barbara.<\/p>\n<p>Also, this week, Micron said it will provide a one-time <a href=\"https:\/\/investors.micron.com\/news-releases\/news-release-details\/micron-announces-250-million-investment-trump-accounts-reaching\" target=\"_blank\">$250 seed deposit<\/a> for children with Trump Accounts in certain counties in Idaho, New York, Virginia, California, Colorado, Minnesota and Texas where Micron operates.<\/p>\n<p>&#8220;This unlocks a creative new form of philanthropy,&#8221; Gerstner said on CNBC Thursday \u2014 &#8220;stay tuned, a lot of announcements coming.&#8221;<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/c\/CNBC?sub_confirmation=1\" target=\"_blank\"><em><strong>Subscribe to CNBC on YouTube.<\/strong><\/em><\/a><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/07\/02\/trump-accounts-boosted-by-growing-list-of-employer-matches.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The Goldman Sachs headquarters in New York. Bloomberg | Bloomberg | Getty Images Trump Accounts officially debut July&hellip;\n","protected":false},"author":3,"featured_media":45196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-45195","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/45195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45195"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/45195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/45196"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}