JPMorgan Chase will match the U.S. government’s $1,000 contribution to new children’s retirement savings accounts for eligible employees. The program, dubbed “Trump accounts,” aims to promote long-term saving and investing from birth. Celebrities like Nicki Minaj and billionaires like Michael and Susan Dell are also contributing.

CEO Jamie Dimon expressed the bank’s commitment to employees’ financial health. The matching contribution will help employees start saving early, invest wisely, and plan for their family’s financial future. This initiative is part of a pilot program to encourage long-term financial planning for children born in the U.S. between 2025 and 2028.

Read more at CNBC: JPMorgan Chase to match $1,000 contribution to ‘Trump accounts’