CLEVELAND, Ohio (WOIO) -On Tuesday, the U.S. Treasury Department rolled out the first information on Trump accounts which will help eligible families save money for their children.

The investment accounts will start with a deposit of $1,000 from the Treasury and contributions can be made by families and employers until the child turns 18.

Once eligible for withdrawal, the money can be used for higher education, buying a home, or starting a business.

Who’s eligible?

Basically any child born during President Donald Trump’s second term in office is eligible.

The child has to have been born between January 1, 2025 and December 31, 2028.

Both parents and the child must have a social security number.

How do you start an account?

A new website has been established by the Treasury to s

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