A central piece of the "One Big Beautiful Bill," introduced by President Trump and now moving through Congress, proposes a $1 ...

Baby Savings Accounts Alternatives. If you’re not sold on opening a savings account for your newborn, consider these alternatives. — 529 plan.

Trump Accounts are a marked improvement from the baby bonuses floated last year. Most fundamentally, Trump Accounts reflect a ...

Parents can deposit up to $5,000 into a Trump Account annually until the year their child turns 18. But should they do that?

The main advantage of the Trump Account? Every baby born between 2025 and 2028 would automatically receive a $1,000 government-funded deposit. ... Savings Account with up to 3.80% APY* ...

About seven years ago, Sen. Cory Booker (D-New Jersey) proposed a savings account dubbed “baby bonds,” with $1,000 seed money for newborns based on family income, with potentially larger ...

Republican lawmakers made a last-minute change to the baby savings plans in their budget bill, changing the name from “MAGA accounts,” which stood for “Money Account for Growth and ...