What you need to know about Trump Accounts

President Donald Trump promoted Trump Accounts this week -- here's what you need to know about the savings accounts for kids.

New “Trump Accounts” for kids will kick off Saturday.

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They will offer tax-advantaged savings for millions of Americans under 18. Babies born from 2025 to 2028 will get a huge perk — the federal government will put $1,000 into their accounts. Major companies are also pledging contributions.

A senior Treasury official said Thursday that more than 6 million children have been registered for the accounts, with 1.4 million of those eligible for the $1,000 government seed money.