H&R Block Bank |
Certificates of Deposits (CD) and Individual Retirement Accounts (IRA)
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How can I open an account? You can get started by downloading an application form and mailing it to us. Or, call us toll-free at 1-888-OUR-HRBB (1-888-687-4722). Learn more about opening an account. |
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What is the minimum amount required to open an account? An H&R Block Bank IRA can be opened for as little as $100. A CD can be opened for as little as $250, unless otherwise stated. |
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How do I make a contribution to my account? When setting up a CD or IRA, you should send the Bank either a check or instructions including bank routing information to make an electronic transfer from an existing account at another bank. Instructions are provided in our new account application. You can re-contribute to your IRA account, subject to annual limits set by the IRS. Download an IRA contribution form. |
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How do I redeem a CD? Interest earned on a CD can be paid monthly, quarterly or upon maturity at the customer's option. Interest automatically compounds in the account, unless you specifically request interest payments be disbursed. You will be notified prior to the maturity of your CD, at which point you can contact us to redeem it. If you do not contact us, we will automatically roll over your CD and it will continue to earn interest at the then current rate. Disbursements can be mailed to you, transferred into another H&R Block Bank account (e.g., checking account) or electronically sent to another bank at your request. Should you decide to withdraw your deposit prior to maturity, penalties may apply. |
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Where do I find the Bank's current rates? View current rates. |
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How do I change beneficiaries on my IRA? Download the change of beneficiary form. |
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