A Certificate of Deposit is an easy, flexible and secure way to save with a guaranteed rate of return.
Let H&R Block Bank show you the best fit for your short- and long-term saving needs.
Choose one of our fixed rate Certificates of Deposit, with terms from 30 days up to 5 years, and you'll be
one step closer to your savings goals.*
All H&R Block Bank CDs offer free online access and are FDIC insured up to $250,000.
*$250 minimum to open, unless otherwise stated. Substantial penalty may be imposed for early withdrawal.
Interest earned on a CD can be paid monthly, quarterly, semi-annually, or annually at the customer's option.
Interest automatically compounds in the account, unless you specifically request interest payments to be disbursed.
APY assumes interest remains on deposit until maturity. Grace period is 10 days.
Available to personal or business customers.
CD Interest Rates
Minimum opening deposit is $250.
Annual Percentage Yield (APY) accurate as of
and is subject to change without prior notice. Fees may reduce earnings on the account.
See fee disclosure and account agreement for details.
Rate and fees subject to change at any time and are not guaranteed until CD is opened.
Penalty may be imposed for early withdrawal.
FDIC insured up to $250,000 per depositor for all deposit accounts and IRAs.
To redeem funds from an H&R Block Bank CD or CD IRA account.
Average daily balance requirements vary by the account type.
Fees may be assessed if these requirements are not met.
Regular service charges are waived on Block Checking accounts maintaining an average daily balance of $300
or if you have a direct deposit to your account such as your payroll.
Regular service charges are waived on Block Interest Checking accounts maintaining an average daily balance
How do I make a deposit to my account?
Direct deposit: Have your payroll or any other payment to you directly deposited into your
H&R Block checking account. The H&R Block Bank routing number (101089742) and your account number
will be required for all direct deposits.
U.S. mail: Mail endorsed checks and a deposit slip with your account number to the address provided on
Download a deposit slip.
Internet/phone/ATM. These methods allow transfers between your accounts held at H&R Block Bank.
from another financial institution. H&R Block Bank's routing number (101089742) and
your account number are required.
What is the minimum amount required to open an account?
A CD or a CD IRA can be opened for as little as $250, unless otherwise stated.
How do I fund my account?
If you open your account online you may fund your account electronically by following the instructions provided during the online application process. If opening your account at the branch location, you can fund your account using any one of the following methods:
Check drawn on an existing account.
Money order or cashier's check.
ACH transfer from an existing account at another bank (you must note the bank routing number and your account number, as well as authorize us to withdraw these funds on the new account application form).
Transfer from one of your existing H&R Block Bank accounts.
How do I redeem a CD or CD IRA?
You will be notified prior to the maturity of your CD or CD IRA, at which point you can contact us to redeem it. If you do not contact us, we will automatically renew your CD or CD IRA and it will continue to earn interest at the then current rate.
Redemptions can be mailed to you, transferred into another H&R Block Bank account or electronically sent to another financial institution at your request.
Should you decide to redeem your CD prior to maturity, penalties may apply.