1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

H&R Block Bank

H&R Block Bank Locations
One H & R Block Way
Kansas City, MO 64105
888-687-4722
www.hrblock.com

FDIC


H&R Block Bank is headquartered in Kansas City and is the 12st largest bank in the state of Missouri. It is also the 447th largest bank in the nation. It was established in 2006 and as of December of 2012, it had grown to 70 employees at 1 location. H&R Block Bank 's savings rates are 54% higher than the national average, and it has a 3-star health rating.

Related Posts

Competitive Money Market and CD Rates at H&R Block Bank - Available Nationwide - 10/6/2010

H&R Block Bank is offering some competitive rates on its money market account and on some of its CDs. The money market account is currently the most competitive with a 1.50% APY for balances of at ...

2.00% 6-Month CD at H&R Block Bank - Available Nationwide - 9/7/2009

H&R Block Bank is offering a special 2.00% APY 6-month CD. Minimum deposit is $10,000. This rate is on the bank's front page as of 9/07/09, and details are listed in the bank's promotion page. Some important details mentioned in the small print and...

H&R Block Bank Money Market and Checking Accounts - Nationally Available - 2/7/2009

Update 2/19/09: The money market and checking account rates have fallen substantially. Refer to the bank's website for the latest rates.My last post on H&R Block Bank focused on its high-yield CDs. After two weeks, the bank continues to offer these...

4.00% 36-Month CD & Other High CD Rates at H&R Block Bank - Nationally Available - 1/24/2009

Update 2/19/09: Rates have fallen. Please check the bank's website for the latest rates.H&R Block Bank is offering some very competitive CD rates. Two of the most competitive rates are the 3.50% APY 24-month CD and the 4.00% APY 36-month CD. Below is...

2007




See Rates for: Checking | Savings | Money Market | CD | IRA

H&R Block Bank Checking Account Rates

ApyMinMaxProduct
0.25%$50k-Interest Checking
0.25%$50k-Business Checking

H&R Block Bank Savings Account Rates

ApyMinMaxProduct
0.80%--Savings Account

H&R Block Bank Money Market Rates

ApyMinMaxProduct
0.30%$50k-Money Market Account
0.30%$50k-Busiess Money Market Account

H&R Block Bank CD Rates

ApyMinMaxProduct
0.40%$250-48 Month CD
0.40%$250-60 Month CD
0.40%$250-Business 48 Month CD
0.40%$250-Business 60 Month CD
0.35%$250-24 Month CD
0.35%$250-36 Month CD
0.35%$250-Business 24 Month CD
0.35%$250-Business 36 Month CD
0.30%$250-12 Month CD
0.30%$250-18 Month CD
0.30%$250-Business 12 Month CD
0.30%$250-Business 18 Month CD
0.25%$250-180 Day CD
0.25%$250-Business 180 Day CD
0.15%$250-90 Day CD
0.15%$250-Business 90 Day CD
0.10%$250-30 Day CD
0.10%$250-Business 30 Day CD

H&R Block Bank IRA Rates

ApyMinMaxProduct
0.40%$250-48 Month IRA
0.40%$250-60 Month IRA
0.40%$250-48 Month Roth IRA
0.40%$250-60 Month Roth IRA
0.35%$250-24 Month IRA
0.35%$250-36 Month IRA
0.35%$250-24 Month Roth IRA
0.35%$250-36 Month Roth IRA
0.30%$250-12 Month IRA
0.30%$250-18 Month IRA
0.30%$250-12 Month Roth IRA
0.30%$250-18 Month Roth IRA
0.25%$250-180 Day IRA
0.25%$250-180 Day Roth IRA
0.15%$250-90 Day IRA
0.15%$250-90 Day Roth IRA
0.10%$250-30 Day IRA
0.10%$250-30 Day Roth IRA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


H&R Block Bank
OTS #18001
FDIC Certificate #58124
BankRate ReportView
Year Established2006
Employees70
Primary RegulatorOCC

Assets and Liabilities

Assets$1.55 billion
Loans$748.36 million
Deposits$1.06 billion
Equity Capital$464.21 million
Loan Loss Allowance$21.36 million
Unbacked Noncurrent Loans$97.35 million
Real Estate Owned$6.54 million

Historic Data - December 2011

Assets$1.57 billion
Equity Capital$402.50 million
Loan Loss Allowance$26.16 million
Unbacked Noncurrent Loans$99.38 million
Real Estate Owned$5.17 million

Profit Margin - Quarterly

Net Interest Margin3.56%
Return on Assets4.03%
Return on Equity12.73%
Interest Income$55.15 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 H&R Block Bank had $103.89 million in non-current loans and owned real-estate with $485.57 million in equity and loan loss allowances on hand to cover it. This gives H&R Block Bank a Texas Ratio of 21.40% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for H&R Block Bank held steady from 24.39% as of December 31, 2011 to 21.40% as of December 31, 2012, resulting in a positive change of 12.27%.This indicates that the balance sheet and financial strength for H&R Block Bank has held steady in recent periods.
Deposit Growth2
In the past year, H&R Block Bank has decreased its total deposits by -$38.02 million, resulting in -3.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth H&R Block Bank has shown is below average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. H&R Block Bank has $1.55 billion in assets with $485.57 million in equity, resulting in a capitalization level of 31.31%, which is excellent.
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H&R Block Bank
1 stars - misterp - Saturday, July 10, 2010 - 3:28 PM

Stay far far away from this dysfunctional organization. They claim to have ACH service, but it is not like anybody has ever heard of. You have to download and fax a form and it takes 4-8 business days to post!! Nobody there can answer questions  and I was told someone would call me, its been 4 days. I successfully logged into my account and then later was locked out. The system makes you jump through at least three burning rings of fire, teasing you that one can reset and then informs you are locked out from resetting because this was not setup first and please give them a call?!!? I did and was informed I can access the system after midnight friday. Well its saturday and no joy untill at least tuesday because they answer phones only M-F CST. Also they have very restrictive policies for moving money that i was not informed about along with everything else I mentioned. I will wait untill interest is posted and am running far away from block bank. Less Than one star.

15

NIGHTMARE Of Misinformation And Possibly Unethical Behavior
1 stars - tcs11705 - Thursday, January 5, 2012 - 7:53 PM

My first time investing my Inherited Traditional IRA.  They offered 1.5% so I went with them, previously I had been with a MM with Vanguard.  They wouldn't let me take out the RMD before the CD expired.  I now learn that, by law, you have to be allowed to make the RMD without penalty, and there's a form involved.  NOBODY seemed to be aware of that.  They had to get my form where it was being transferred by a certain time or there was a huge time, forms weren't received, you name it.  I got my money, but this nonsense about the RMD is downright unethical.  How would you be able to make payments on a 5 year CD?  Stay far, far away from these guys and go with a strong, legit institution like Met Life or Ally. 

5