JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts’

JPMorgan Chase and Bank of America to match ,000 U.S. contributions to employee ‘Trump accounts’

Key Points

JPMorgan Chase and Bank of America said Wednesday in separate announcements that the firms will match the U.S. government’s one-time $1,000 contribution to new children’s retirement savings accounts for eligible employees, the latest financial firm to announce such a measure.
The so-called “Trump accounts” are part of a pilot program that deposits $1,000 from the U.S. Treasury into a tax-advantaged account for eligible children born in the U.S. between Jan. 1, 2025, and Dec. 31, 2028.

Source

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