{"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\u2019 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>\u201cStarting early and staying invested for the long term is one of the most reliable ways American families build lasting financial security,\u201d 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>\u201cThe momentum we have around this is totally extraordinary,\u201d Altimeter Capital CEO Brad Gerstner, who helped spearhead the investing accounts, said Thursday on CNBC\u2019s\u00a0\u201c<a href=\"https:\/\/www.cnbc.com\/halftime\/\">Halftime Report<\/a>.\u201d <\/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\u2019t 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>\u201cThis unlocks a creative new form of philanthropy,\u201d Gerstner said on CNBC Thursday \u2014 \u201cstay tuned, a lot of announcements coming.\u201d<\/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}]}}