Trump Accounts app goes live on Thursday. Here’s what you need to know
Western Mass News
(CNN) - Starting Thursday, parents who set up Trump Accounts for their children can download a new app to manage the account.
Treasury Secretary Scott Bessent made the announcement Wednesday.
Bessent said 6 million children are already signed up for the IRA-style savings accounts.
Parents and loved ones can contribute up to $5,000 a year into the account.
For children born between 2025 and 2028, the federal government will donate an extra $1,000.
The accounts do not officially open for investment until July 4.
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