CNBC
The U.S. Department of the Treasury said Monday that Bank of New York Mellon will be the designated financial agent for Trump accounts.
BNY will officially manage the initial accounts and has partnered with Robinhood to develop a yet-to-be-released Trump accounts app, according to an announcement on CNBC’s “Squawk on the Street.”
Launching on July 4, the tax-deferred investing accounts for children include a one-time $1,000 deposit from the Treasury for kids born between 2025 and 2028.
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