Cornerstone Blog

Set Your Financial Journey

Want to maximize your savings after tax season? Here's how!

  • May 19,2025
  • Less than a 2 minute read
You've filed your taxes and are now wondering how to make the most of your refund. Don't worry, we are here to guide you.

According to Bankrate1, most Americans expected to recieve a tax refund in 2024, with 28% planning to use the money to boost their savings. CPA Practice Advisor2 reports that the IRS has already issued $211.1 billion in refunds - a 5% increase from the $201.1 billion distributed at the same point last year. With larger refunds being issued this year, there's even more potential to strengthen your savings.

Abound's High-Yield Savings Account offers competitive rates to help you grow your savings effortlessly! With no minimum or maximum deposit requirements3, you can start saving right away. Different from a Certificate or retirement account, our High-Yield Savings Account lets you access your funds whenever you need them, no penalties3!

Whether you're saving for vacation, building an emergency fund, or preparing for a down payment, a High-Yield Savings Account offers the flexibility you need3. With monthly dividend payouts you will see your funds grow consistently3, it's that simple!

Our High-Yield Savings Account features a tiered dividend rate structure that helps you grow your savings faster. You can view our current rates here.

Ready to optimize your refund and reach your financial goals? Visit your local branch to open a High-Yield Savings Account Today!
 
1https://www.bankrate.com/credit-cards/news/debt-repayment-strategies/

2https://www.cpapracticeadvisor.com/2025/04/15/heres-how-much-the-average-american-is-receiving-in-tax-refunds-according-to-latest-irs-data/159162/

3Annual Percentage Yield. Dividend rates are current as of 3.3.2025. Dividend rates are variable and may be changed or discontinued at any time. Current rates can be found at AboundCU.com/deposit-rates. A blended APY is calculated based on balances in each earning tier, and the exact APY will depend on the balance in the account. Dividends paid and compounded monthly. Limit of one High Yield Savings Account per primary member’s Social Security Number. Available to both business and consumer members. Subject to $10 membership fee if not already a Member.