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business2h ago
Bank of America to match $1,000 government deposits for Trump accounts
Foxbusiness.com and 3 more
- JPMorgan Chase and Bank of America said they will match the U.S. government's one-time $1,000 contribution to children's retirement savings accounts for eligible employees.
- The Trump accounts are part of a pilot program that deposits $1,000 from the U.S. Treasury into tax-advantaged accounts for eligible children born in the U.S. between Jan. 1, 2025, and Dec. 31, 2028.
- Bank of America will also allow eligible employees to make pretax contributions to the Trump accounts via payroll deductions.
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