One thousand dollars. That's the federal seed deposit landing in savings accounts for every eligible American child born between January 1, 2025, and December 31, 2028, under a program that went live on July 4th, 2026. Trump says more than 7 million accounts are already active, and Treasury officials put monthly sign-ups at roughly 1 million before the launch even began, calling it the most popular government-backed savings product in U.S. history.
The money sits in tax-deferred accounts invested in low-cost U.S. stock index funds. Parents or guardians can add up to $5,000 a year, and employers can chip in too. Everything stays locked until the child turns 18, when the funds can be used for education, a first home, or starting a business.
Most applicants see the $1,000 arrive within one or two days of approval. Some, though, are waiting up to four weeks, usually after sorting out initial application problems through support hotlines. Treasury compares those cases to standard tax refund delays and says only a small fraction of accounts require extra handling. Trump highlighted the program at a Georgia rally, framing it as the government putting long-term resources directly back into family hands.
