Bank of America and JPMorgan Chase Commit to Matching Government Seed for New Personal Savings Accounts
Bank of America and JPMorgan Chase will match the government initial deposit for a proposed savings plan. The program targets children born from 2025 to 2028.
Insights:
Bank of America Corporation announced it will match the US 
USgovernment's initial $1,000 seed contribution to the proposed Trump Accounts for eligible employees. According to an internal memo seen by Reuters on January 28, 2026, the bank will also permit pre-tax payroll contributions. JPMorgan Chase & Co. has made a similar matching commitment, indicating that major financial institutions are preparing to participate in the proposed federal savings program.
USgovernment's initial $1,000 seed contribution to the proposed Trump Accounts for eligible employees. According to an internal memo seen by Reuters on January 28, 2026, the bank will also permit pre-tax payroll contributions. JPMorgan Chase & Co. has made a similar matching commitment, indicating that major financial institutions are preparing to participate in the proposed federal savings program.
