Stimulus Check Time: How Are Parents Using Their Child Tax Credit? Among those who plan to save the child tax credit, about 51 percent plan to put the money into a standard savings account, while nearly 23 percent said they will put it in a personal investment account. A majority of Americans plan on saving the child tax credit from President Joe Biden’s rescue package rather than spending it, according to a new poll. The survey, conducted by the personal finance app Stash, found that roughly 57.5 percent of participants plan to save the child tax credit, while about 42.5 percent anticipate spending it. The results were first reported by CNBC.