How to Save at Tax Time – with Savings Bonds

ALL taxpayers receiving refunds can make an impulsive decision to save by splitting their refund in U.S. Savings Bonds using their tax form. With as little as $50, tax filers can save for themselves or in the name of a loved one in a safe, guaranteed, accessible, and competitive savings instrument.

Moreover, taxpayers can receive the remainder of their refund (the part not saved in a Savings Bond) through a paper check or direct deposit. This means unbanked filers can also save!

Generally, there are three big barriers to saving - having money to save, having access to a good product at the right time, and being motivated and encouraged to save. With this opportunity, two of those obstacles have been removed.

This national policy provides a historic opportunity to increase savings for all Americans and to create an annual savings behavior where tax time isn't just about spending, but also saving. Take advantage of it and encourage those you know to save in a bond as well. This investment compliments an existing savings plan of retirement and 529 accounts as well as helps first-time savers start down a path towards financial security.

For more resources and information on the Savings Bond Campaign, please visit

Joanna Smith-Ramani is Director of Strategy for the D2D Fund (Doorways to Dreams), a non-profit organization that seeks to expand access to financial services, especially asset building opportunities, for low-income families by creating, testing and deploying innovative financial products and services.