Donald Trump has rolled out an app to accompany his new savings initiative, called ‘Trump Accounts’, and it’s now live across the major app platforms.
The launch comes just days after the United States’ national debt reached $39 trillion, an increase of more than $1 trillion since October 23, 2025.
Against that backdrop, the administration is pitching Trump Accounts as a way to help younger Americans start building savings early, with a structure that resembles IRA-style accounts for children.
As with IRAs, funds held in Trump Accounts grow on a tax-deferred basis, though withdrawals aren’t allowed until the child turns 18.
Eligibility is tied to age and identification: any U.S. citizen with a valid Social Security number can qualify if they’re under 18, provided they are still under 18 at the end of the year the account is opened.
The accounts aren’t intended to give children immediate access to cash. Instead, the setup is designed for parents or guardians to manage the account, review balances, and decide how funds are handled, including potential investment decisions.
In a statement announcing the app’s release, Treasury Secretary Scott Bessent said: “The Trump Administration is taking another step forward in expanding opportunity for American families.
“The Trump Accounts app delivers a simple, secure way for households to begin engaging with a program designed to build long-term financial strength from day one. By putting easy access to Trump Accounts directly in the hands of parents and young Americans, we are helping to ensure that America’s youth are included in this new era of economic participation.”
Speaking to CNN, Bessent said nearly six million children already have accounts created in the new system, and he highlighted an added incentive for children born during specific years.
For each account opened for a child born between January 1, 2025 and December 31, 2028, the federal government will contribute $1,000.
Beyond the government contribution, parents, employers, and even friends or relatives can add funds as well, with deposits capped at a combined total of $5,000 per year into a child’s account.
The $1,000 deposits are expected to begin arriving in eligible accounts on July 4 — timed with America’s 250th birthday — which is also when the accounts are set to open for investing. In the meantime, a Treasury spokesperson told CNN that the Trump Accounts app “features eight exclusive financial literacy modules that families can access now”.
Parents or guardians who want to open an account can register at trumpaccounts.gov.
The app can also be downloaded via the Apple and Google app stores.