Turning Tax Refunds Into Savings

It's that time of year again – tax season. For many, receiving a tax refund provides a unique opportunity to save. Encourage people who expect a tax refund this year to use part of that money to buy savings bonds and start saving for the future. U.S. Savings Bonds are affordable, safe and convenient. For as little as $50, people can buy a Series I Savings Bond with their refund and help grow their savings for a brighter tomorrow.

Why Series I Savings Bonds? Series I Savings Bonds currently offer an interest rate of 1.38 percent, and they're exempt from state and local income taxes. What's more, interest earnings may be exempt from federal income taxes when the earnings are used to pay for qualified higher education expenses. To learn more about the value of savings bonds, use the U.S. Department of the Treasury's Savings Bonds Calculator.

The Treasury Department's Ready.Save.Grow. campaign has a sample newsletter article, social media posts and web banners you can use to help people learn how to turn their tax refund into savings. Visit www.treasurydirect.gov/readysavegrow to download the materials and share this important message.

 
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U.S. Treasury Supports America Saves Week

The U.S. Department of the Treasury's Ready.Save.Grow. campaign proudly supports America Saves Week (February 24 to March 1). This annual initiative is led by America Saves and the American Savings Education Council to promote good savings habits and encourage people to save for the future. Thousands of organizations typically participate, reaching millions of people.

According to the America Saves Week 2013 Report, only about half of Americans say they have good savings habits:

  • 54 percent have a savings plan with specific goals
  • 50 percent save for retirement at work through a 401(k) or other contributory plan
  • 43 percent have a spending plan that allows them to save money to achieve the goals of their savings plan

Help us support America Saves Week by encouraging the people you serve to assess their savings goals and learn more about ways to save. Consider sharing information with them about Treasury savings options such as savings bonds and marketable securities. These affordable, safe and convenient savings options can help people build a better future.

The Ready.Save.Grow. campaign has a sample newsletter article, social media posts and web banners you can use to help people start saving during America Saves Week. Visit www.treasurydirect.gov/readysavegrow to download the materials. For more information on America Saves Week, visit AmericaSavesWeek.org.

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Promote Saving During Financial Literacy Month

Financial Literacy Month (April) will be here before you know it. The Ready.Save.Grow. campaign has free materials you can use throughout the month to encourage people to build their savings. Materials can be downloaded from www.treasurydirect.gov/readysavegrow and include a sample newsletter article, social media posts and web banners.

 

TreasuryDirect is a registered mark of the U.S. Department of the Treasury.
Ready.Save.Grow. is a service mark of the U.S. Department of the Treasury.

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