H&R Block

H&R Block is known for helping millions of Americans file their income tax returns. But did you know H&R Block also offers banking products?

H&R Block Bank has a 12-month certificate of deposit (CD) rate of 1.5% annual percentage yield (APY). The CD requires a minimum of $250 to get started. You get free online access to your account, which is insured up to $250,000 by the Federal Deposit Insurance Corp. (FDIC). CD rates as of March 1, 2010 include:

• 0.5% APY for 30 days
• 0.75% APY for 90 days
• 1% APY for 180 days
• 1.5% APY for 18 months
• 1.75% APY for 24 months
• 2% APY for 36, 48, and 60 months

H&R Block also offers savings accounts, which include:

• Free ATM card
• Online access
• $25 minimum to open
• Interest earned on entire balance
• Unlimited deposits

The savings account also has no monthly service fee with minimum daily balance of $100. Savings accounts allow six free withdrawals each quarter and a refund of up to $4 for ATM fees at non-H&R Block machines.

The savings rate is 1% APY as of March 1, 2010. Interest on savings accounts accrues daily and is credited monthly. Savings rates are subject to change at anytime, so check with the bank for the most current rates.

H&R Block, based in Kansas City, MO also offers checking accounts and IRAs.

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