Treasury Secretary Scott Bessent on Wednesday announced new details about the creation of the so-called Trump accounts that were created under the One Big Beautiful Bill and launched a website for the initiative.

Speaking at the Treasury Department, Bessent said that with the rollout of investment accounts, “An entire generation of Americans is about to learn in the most transformative way possible how even small contributions can turn into generational wealth, and it’s all thanks to President Trump.”

Trump accounts will be offered to all American children born between January 1, 2025 and December 31, 2028, and $1,000 will be invested in an index fund. The accounts are in the child’s name and their parents are the custodian until they turn 18. While no contributions are required, up to $5,000 can be deposited into the accounts per year.

“The Trump accounts are the president’s gift to the American people. They represent perhaps the most ground-breaking political innovation of modern times,” Bessent said. “They are shaped by a very simple vision: Every American a shareholder. When every American owns a piece of the most powerful economy on earth, all Americans will benefit from our nation’s growth.”

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Treasury Secretary Scott Bessent revealed more details about Trump’s accounts when the administration launched a website. (Alex Wong/Getty Images/Getty Images)

“All Americans will capture a share of the productivity gains brought about by AI, robotics and other world-changing technologies,” he added. “And all Americans will be invested in the free market system and, most importantly, in its continued success.”

Trump Accounts will officially launch on July 4, 2026. Parents can enroll their children making an election when they file their tax returns.

“To claim this investment, most families only need to tick one box Form 4547the most successful tax document of all time,” Bessent said in reference to Trump as the 45th and 47th president of the United States.

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Trump’s bills were included in the One Big Beautiful Bill Act, which the president signed into law on July 4, 2025. (Tom Brenner for The Washington Post via Getty Images/Getty Images)

Once the program starts, a financial institution will receive the funds for a given child’s account and activate it. From then until $5,000 can be contributed to the account per year, although no additional deposits are required.

“The compound growth of initial initial Treasury funding alone is making young Americans rich. The S&P has grown at a rate of 10.5% each year, on average, since the 1950s. Assuming the growth rate continues, a single $1,000 deposit in a Trump account at birth will grow to more than $600, depending on retirement age,” he said.

Parents can also create Trump accounts for any child under 18, not just those born between 2025 and 2028.

MICHAEL AND SUSAN DELL DONATE $6.25M to Fund ‘Trump Accounts’

Michael and Susan Dell gave more than $6 billion to help fund Trump accounts for children under 10. (Andrew Caballero-Reynolds/AFP/Getty Images/Getty Images)

Bessent pointed it out Susan and Michael Dell contributed $6.25 billion to help fund Trump accounts for 25 million children under 10.

“To put that number in perspective, Dell has made the largest private commitment to American children in our country’s history. Their donation provides an additional $250 in funding to Trump accounts for children across the country,” he said.

The Treasury secretary said Dell’s donation spurred a race among philanthropists to provide seed money for Trump’s accounts and that investor Ray Dalio joined the new “50 State Challenge” in this effort.

“We invite every philanthropist in every state across the country to partner with us to build generational wealth for America’s children through Trump Accounts. Ray represents Connecticut in the 50 State Challenge. Today, he will announce a generous contribution to increase funding for Trump Accounts for children across Connecticut,” said Bessent.

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“Ray has taken the first step, but we welcome other donors and foundations in Connecticut and around the country to join him in the 50-state challenge,” he added.

More information on Trump’s accounts can be found at trumpaccounts.gov.