President Donald Trump promoted Trump Accounts this week -- here's what you need to know about the savings accounts for kids.

President Donald Trump mentioned Trump Accounts for kids during his State of the Union address. Who qualifies for the Trump accounts at $1,000 seed?

The president’s $1,000 investment accounts for children are part of a new federal program.

Big banks still pay close to nothing on savings. A high-yield account can quietly earn you hundreds more every year.

For the "Trump accounts," babies born between Jan. 1, 2025, and Dec. 31, 2028, will receive $1,000 from the federal government. Parents can make additional deposits but aren’t required to. RELATED: ...