There are a few ways you can maximize your tax refund…from paying off debt to investing in your future. Continue reading to discover three ways you can make the most out of this money!
Pay off high-interest debt. Do you have a high-interest credit card balance that has been a thorn in your side? Resist the temptation to book a vacation with your tax refund, and focus on that debt instead. By eliminating your debts with the highest interest rates, you will save yourself a significant amount of money in the end.
Make an investment. Utilizing your tax refund to invest in a SeaComm Certificate is an excellent way to maximize dividends by investing funds for a fixed period. When you open a SeaComm Certificate, you can be sure about getting a specific return at a specific time. You can easily determine the rate at which your balance will grow, thus making your financial planning even easier!
As a SeaComm member, you have the chance to receive additional basis points on SeaComm Certificates and Fixed IRAs by meeting certain criteria; one-year membership, one loan product, enrolled in eStatements, member for 5-9 years, and more! The rewards are based on services used and length of membership. In addition, all veterans also earn an additional .15 basis points. Click here to learn more, or give us a call at (800) 764-0566.
Tackle some minor home improvements. Depending on how large your tax refund turns out to be, you might be able to spruce up your living quarters with some minor home improvements. This is a great way to invest your money, especially if you plan to sell your home in the near future. Click here to read our blog article, “Most Important Things to Repair Before You Sell Your House” to help you prioritize the improvements!