H&R Block Bank - Savings - Checking - CDs Article - best cd rates, online bank, r block bank

The Best Savings Rates, CD Rates, and More

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H&R Block Bank

Article Submitted by: BankMan
Savings - Checking - CDs

Tags: Best cd rates, Online bank, R block bank.

H&R Block Bank offers some interesting savings and CD rates. Please post your comments on experiences with this bank here.

Submitted: Jan 25, 2009 Views: 2987 Comments: 5 Likes: 1

H&R Block Bank is a small FDIC-insured bank that is operated out of Kansas City, Mo. As of 9/30/08, the bank had $1.06 billion in assets and $746 million in total deposits. It is rates two stars by Bauer Financial.

The bank allows funding using ACH transfers. For CDs, the bank's minimum deposit is $250; their is a 90 day interest penalty for early withdrawal, 10 day grace period at maturity. The bank locks CDs after receiving an application, and for applications that are mailed in, they will recognize the postmark date.

Credit for finding this deal go to ktexas and his Blog Bankdeals.

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Comments Received:

tightwad

Do you ever read the other articles before submitting your own? Seems you enjoy reposting the same info, ktexas has already submitted.

Posted: Jan 26, 2009

David Jennings
(Unregistered)

Mailed cd application and check on 1/26/09. No responce from H&R as of 2/9/09. Bank did not respond to e-mail and no human will answer phone. Stopped paymrnt on check 2/9/09.

Posted: Feb 9, 2009

townsend
(Unregistered)

I did call their 800 number to inquire about CDs. After an inordinately long wait, I finally was able to talk to a customer service rep, who was uninformed and didn't know anything about CDs. Caveat.

Posted: Feb 11, 2009

Anonymoose
(Unregistered)

"their is a 90 day interest penalty for early withdrawal"

Uh... "THERE"

Posted: Feb 11, 2009

Brad
(Unregistered)

Website doesn't show anything near the 3.25% rate. You do get 3.25% for a 1 year CD. A Money Market pays 1.75% for balances above $50,000.

Posted: Feb 18, 2009

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