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Bank Of America, JPMorgan Chase To Match $1,000 Contributions To Children's Accounts
['Tyler Durden']
Zero Hedge
Authored by Andrew Moran via The Epoch Times (emphasis ours),Bank of America and JPMorgan Chase said on Jan. 28 that they would match the U.S. government’s one‑time $1,000 contribution to children’s retirement accounts - also known as Trump Accounts - for eligible employees.
Treasury Secretary Scott Bessent speaks during the Trump Accounts summit at the Andrew W. Mellon Auditorium in Washington on Jan. 28, 2026.
Beyond financial‑wellness benefits, JPMorgan Chase provides all new parents with 16 weeks of paid leave, regardless of caregiver status.
Non-financial companies, including Steak ‘n Shake, have also started supporting Trump Accounts.
The accounts’ funds will be invested in broad U.S. stock index funds and will track the overall performance of the stock market.