Trump-backed kid investment accounts reach 5 million signups with $1,000 seed for newborns

Trump accounts have enrolled about 5 million children, with roughly 1.2 million eligible for a $1,000 Treasury seed contribution for babies born from 2025 to 2028. Accounts can be opened by filing IRS Form 4547 with the 2025 tax return or online at TrumpAccounts.gov, with the program launching on July 4. The initiative is funded by Treasury seed money and pledges from companies and philanthropists, and is being managed by BNY Mellon with a Robinhood app to teach kids about investing.