A $3,600 refund left in checking wastes $100 a year when it could be earning interest elsewhere
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Avery Donnelly
crypto IRS ruling · Apr 12, 2026
Source: The Digital Ledger Data Terminal
A $3,600 refund left in checking wastes $100 a year when it could be earning interest elsewhere.
The average federal tax refund is approximately $3,600. With high-yield savings accounts offering around 4.50% annual percentage yield, a $3,600 deposit earns about $162 in one year. Most refunds are deposited into checking accounts that earn negligible interest. Leaving a $3,600 refund in a near-zero-interest account results in roughly $100 to $160 in foregone interest annually. This lost interest is a direct, avoidable cost of inaction after filing taxes.
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