Many of you may know H&R block as the tax preparation service. But H&R also has a bank that accepts online deposits, with certificate of deposits, savings accounts, and checking accounts.

The best CD rate they are offering is a 1 year CD at 2.00%. Minimum deposit is $250. The rest of their CD rates are currently fairly average:

• 1 month CD – .50%
• 3 month CD – .75%
• 6 month CD – 1.00%
• 12 month CD – 2.00%
• 18 month CD – 2.25%
• 24 month CD – 2.25
• 36 month CD – 2.50%
• 48 month CD – 2.50%
• 60 month CD – 2.50%

IRA CDs are also available at the same rate, and same minimum deposit. Both Traditional and Roth IRAs are available:

• A Traditional IRA allows you to save money tax-free while earning interest. Contributions, although taxable upon withdrawal, are usually tax-deductible for the year that you contribute to the account.
• A Roth IRA gives you the chance to save money tax-free while earning interest as long as you continue to earn taxable income. Withdrawals are usually not taxed, but contributions are not tax-deductible.

Their savings account is tiered with increasing interest rates depending on your deposit. H&R Block bank’s savings account offers 1.75% on balances over 50,000. The business money market account also offers 1.75% on balances over 50,000.

All accounts are FDIC insured for up to 250,000.