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Bank of America to match $1,000 government deposits for Trump accounts

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6 days ago

Bank of America announced Wednesday that it will be contributing funds to the proposed "Trump accounts" for eligible employees.The bank said it will match the government’s $1,000 contribution to the newly established accounts for children born between Jan. 1, 2025, and Dec. 31, 2028 for all 165,000 U.S. employees.Additionally, the bank will enable its employees with children under age 18 to make pretax contributions to Trump accounts through payroll deductions.BESSENT SAYS TRUMP TAX CUTS COULD MEAN ‘SUBSTANTIAL REFUNDS’ FOR WORKING AMERICANS IN 2026"Our announcement to support and complement t...

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6 days ago
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