H&R Block Bank continues to offer best interest rates for their certificate of deposit deals. The best cd rates appear to be the 24-month CD which earns 2.25% APY. The 36-, 48-, and 60-month make 2.50% APY. Consumers can take advantage of the highest rates with a minimum deposit of $250.

The interest rates that we have here are accurate as of September 11. Remember that these cd interest rates may be altered any time without notice. The bank also honors the interest rate effective on the post mark in case you will opt to mail in your application.

Interested individuals can complete an application online. This is provided by an Andera which has a secure platform commonly used for online bank forms. There is also an available ACH facility to fund your certificate of deposit.

The bank imposes a penalty equal to 3 months of interest for early withdrawal.

Upon maturity, account holders are given a 10-day grace period. If you opt to renew the CD you have to instruct the bank if you want the earnings to be credited upon its maturity, quarterly, or monthly.

There is also a 3-month CD special with current cd rates of 2.00% APY. This promo asks for a $10,000 minimum opening deposit. This certificate of deposit promo will run through September 30, 2009. The bank will charge a penalty worth a month’s interest if an early withdrawal is made. The certificate of deposit can also be opened under a trust.

H&R Block is a small bank which is headquartered in Kansas, Missouri. It is covered by the FDIC through certificate number 58124.