Tax Refund Options - Save, Spend, Tackle Debt

Getting a refund is something eagerly anticipated by millions of taxpayers each year. Are you one of them?

Without a plan, it’s easy to fritter away that refund. Before that happens, check out our ideas for how you can make the most of your refund this year.

Save It

Options include:

• Money Market – Stash your cash in a money market account to earn higher dividends on your savings with as little as $500¹ and no long-term commitment.
• Certificates – Find a flexible term to fit any short- or long-term savings goal. Competitive rates help you achieve more.

Spend It

Spend with confidence when you use our checking and debit card products.

• Free Checking – No minimum balance requirement, no-fee Overdraft Protection Transfer Service, and access to surcharge-free ATMs worldwide are just the beginning. Add checking in digital banking and fund your account for everyday spending.
• Debit Card Rewards – For all of life’s expenses, pay with your debit card, and you can earn up to $.10 on eligible purchases² of $10 or more.

Tackle Debt

Move money to pay down debt and put those interest payments back into your wallet:

• Internal Transfer – Use the transfer feature in digital banking to make payments on PSECU credit cards and loans.
• External Account Transfer – Make payments on credit cards or loans you have with other financial institutions.
• Bill Payer – Use this free service to make non-PSECU payments directly from your checking account.

This tax season, you can spend your refund, save it, or use it to tackle debt. But really, you can take on all three goals any time during the year with our products and services. For money management tips, visit our Resource Center.

¹Rates and information are subject to change at any time. Fees could reduce earnings on the account(s). The disclosed dividend rates are variable and may change after the member opens the account(s). Money market accounts require a minimum of $500 to earn dividends. For consumer accounts, view Truth in Savings Account Disclosures.  

Business Accounts: Business money market accounts require a minimum of $2,500 to earn dividends.  

²You can earn $0.10 cash rewards on eligible purchases of $10 or over with a PSECU checking account and one or more qualifying monthly direct deposit(s) totaling at least $500. You can earn $0.05 cash rewards on eligible purchases of $10 or over for accounts with a PSECU checking account. Certain restrictions may apply. See the Visa® Debit Card Rewards Program Terms and Conditions for full details.