Trump Accounts for Kids Are Now Live. Here’s Everything Parents Need to Know

Semi-conductor manufacturer Micron has also announced an employee matching benefit for contributions up to $1,000 per child under 18. Additionally, Micron said it will provide a community benefit of a one-time $250 seed deposit for children with Trump Accounts where the company operates in Idaho, New York, Virginia, California, Colorado, Minnesota, and Texas.

“This massive investment will help millions of American children and families get a strong start in life, and give them real financial security,” said Trump in response to the contribution. “My policies are working, and working ‘big.’”

Without any investment beyond the initial $1,000, the Administration estimates a Trump Account account would be valued at $6,000 when the child turns 18, based on historical S&P 500 averages. With the maximum annual contribution of $5,000, accounts could see a value of up to $271,000 after 18 years.