With most taxable money market vehicles yielding under 3%, I have my eyes out for safe and painless opportunities to earn a higher yield. Also, the IRS has begun sending the economic stimulus payments via direct deposit this month enabling taxpayers to take advantage of incentives with extra cash flow.
One national grocery company, The Kroger Company, has announced an incentive for all of its customers to receive an additional 10% bonus amount when exchanging tax refunds or stimulus payments into gift cards.
The Kroger Co. (NYSE: KR) said today that beginning May 2, 2008, customers can receive free groceries through a gift card program available exclusively in Kroger stores. The program allows Kroger customers to exchange their tax refund or economic stimulus checks for a Kroger gift card with an extra $30.00, $60.00 or $120.00 added to it. Gift card amounts correspond to the payment amounts outlined by the Internal Revenue Service for the federal economic stimulus program.