Jackson Hewitt Tax Service has partnered with consumer financial resources company NerdWallet to connect its tax filing clients with high-yield savings accounts as part of a new program.
The tax prep giant said that
Hewitt cited a recent Federal Reserve study that said about a third of Americans are putting no money into savings. The study also found that slightly more than half of Americans making less than $40,000 a year did not put any of their pay into savings; almost half had insufficient money on hand to cover an emergency expense of $400.
“Because the tax refund can be one of the biggest checks our clients receive all year, we wanted to use this event to help kick-start [clients’] savings goals,” said Jackson Hewitt co-CEO David Prokupek in a statement.
