Securing your child’s financial future: Trump Accounts

It’s never too early to think about saving for the financial future of your child and your family.

Banks are a good partner for setting up more than just checking and savings accounts — they can help you learn more about other wealth-building vehicles including Trump Accounts.

Trump Accounts, or 530A IRAs, are new federal individual retirement accounts for children under 18. They are similar to traditional IRAs and give children the opportunity to grow savings over time.

Don’t wait to sign up for a Trump Account! Only babies born between Jan. 1, 2025, and Dec. 31, 2028, will be eligible for a $1,000 contribution from the U.S. Treasury.

To learn more about Trump Accounts and how banks can help you save for your child, check out this tipsheet from the ABA Foundation.

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Securing your child’s financial future: Trump Accounts

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