H&R Block Offers as much as 3.25% for Money Market Accounts
H&R Block Bank recommends to consumers their best money market account that can earn as much as 3.25%. One can join the program with a low deposit requirement of $25. The APYs though are offered in several tiers:
* $0 - $99 1%
* $1000 - $5000 2%
* $5001- $10000 2.25%
* $10001 - $25000 2.5%
* $25001 - $50000 3%
* Above $50000 3.25%
The promo page of on their website states perks like free online access of the account and unlimited withdrawals in person, mail, or phone.
Application can be done online through a secured portal. The bank will require several proofs of identification from the account holder for documentation purposes.
The bank imposes a monthly fee of $3 if the daily balance is below $100 on a per statement cycle basis.
The rates were updated last January 8, 2009 but may change any time. It will be wise to call the bank to inquire about the rates before opening an account and to ask for the details of the fees that may affect the earning of the MMA.
The banks main office is located in Kansas, Missouri but they also have a site in Dallas, Texas.
The bank is insured with the FDIC with certificate # 58124.
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