1.50% APY for money market balance of at least $25K with H&R Block Bank
H&R Block Bank has been giving out attractive money market rates for their Block Money Market accounts in the past year. They are still pushing for these very competitive interest rates:
$0 - $999 0.85% APY
$1,000 - $4,999 1.00% APY
$5,000 - $9,999 1.15% APY
$10,000 - $24,999 1.30% APY
$25,000 - $49,999 1.50% APY
$50K and over 1.75% APY
These best money market rates are still posted on the banks rate’s page but it has an old date of November 23, 2009. It will be best to contact the bank for any changes which may have been made to the figures.
Interested consumers can open this money in the bank deal online. Get some IDs ready since the bank might ask for copies when you apply for the account.
The money market account only requires $25 as an initial funding. You may want to stay on or above the $1000 balance to avoid a monthly service fee.
The main office of H&R Block is in Kansas, Missouri. They also have an office in Dallas, Texas.
H&R Block Bank is covered by the FDIC through certificate number 58124.
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