Turn Your Tax Refund into Revenue

African-American man and woman sitting together on a couch looking at a laptop, smiling and drinking tea.

If you’re one of the millions of tax filers anxiously awaiting their refund, now’s the time to start planning what to do with it. Like many Americans, you might be tempted to take it as a reward and splurge on something you’ve been holding off to purchase.

But here’s another option. Save it, don’t spend it – turn that refund into revenue! Savings rates are very favorable right now, so let’s look at three savings options at PSECU.


Certificates – the credit union version of certificate of deposits - are a smart option if you don’t need instant access to your money and want to earn higher dividends (interest) on your money than you can with a traditional savings account. A certificate’s fixed rate of return makes it easier to estimate your money’s growth.

We have lots of terms and rates available to help your refund grow. Your choice depends on how long you can go without access to that money.

Calculate Your Dividend 

Money Market

Money market accounts allow you to earn a higher dividend when you maintain a certain minimum balance. However, unlike a certificate, there are no restrictions as to when or why you withdraw funds from the account, and no penalties for doing so.

Check Out Our Current Money Market Rates

Savings Share

A Regular savings share is the cornerstone of PSECU membership. And only $5 is required to establish and maintain it (additional savings shares have no minimum balance!) You can even give your savings share a nickname like “vacation fund,” “holiday shopping,” or “wedding” so you’re reminded exactly what you’re saving for.

Start Saving Today

Saving money puts you in control of your financial future. Can money buy happiness? Conventional wisdom says no. But saving it for future goals can give you something else you can’t buy - peace of mind.

Choose the option that works best for you and your financial goals. No matter what you choose, you’ll be ensuring you achieve more with your PSECU membership.

The content provided in this publication is for informational purposes only. Nothing stated is to be construed as financial or legal advice. Some products not offered by PSECU. PSECU does not endorse any third parties, including, but not limited to, referenced individuals, companies, organizations, products, blogs, or websites. PSECU does not warrant any advice provided by third parties. PSECU does not guarantee the accuracy or completeness of the information provided by third parties. PSECU recommends that you seek the advice of a qualified financial, tax, legal, or other professional if you have questions.