JPMorgan Chase said Wednesday it will match a one time $1,000 federal contribution to new children’s savings accounts for eligible U.S. employees, expanding support for a Trump-backed savings initiative.
The accounts, widely known as Trump accounts, are part of a pilot program that places $1,000 from the U.S. Treasury into a tax advantaged investment account for children born in the United States between January 1, 2025, and December 31, 2028.
JPMorgan Chase to match $1,000 government contribution to employees' 'Trump accounts' https://t.co/OtV4aC7RyL
— CNBC (@CNBC) January 28, 2026
The goal is to promote long term saving and investing starting at birth. The initiative has drawn support from major private donors.
Hedge fund manager Brad Gerstner helped shape the program, while philanthropists Michael and Susan Dell have pledged funding. Rap artist Nicki Minaj has also committed to contribute up to $300,000.
JPMorgan CEO Jamie Dimon said the match reflects the firm’s focus on helping employees build financial security for their families.
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TIPP Staff
TIPP Staff
