3.20% APY on a 60 month Certificate of Deposit CD may be just what the doctor ordered for your CD ladder. H&R Block Bank is offering this CD rate, and other competitive rates, including 1.75% APY on a business money market account.
If you are looking to build a CD ladder, you can see how the rates stack up. You build the ladder by buying several CDs at one time, each with different maturity dates (for example, one year, two year, three year, four year, and five year CDs). Every year one of your CDs will mature and you can then roll it over into a new CD with the best yield available at that time. If you have a long investing time horizon, you will get the higher interest CD rates. This table lists H&R Block’s rates as of April 8, 2009:
CD Term | CD Rate | CD APY
30 Day CD | 0.49% | 0.50 %
3 Month CD | 0.74% | 0.75 %
6 Month CD | 0.99% | 1.00 %
12 Month CD | 2.71 % | 2.75 %
18 Month CD | 2.47 % | 2.50 %
24 Month CD | 2.71 % | 2.75 %
36 Month CD | 2.96 % | 3.00 %
48 Month CD | 3.10 % | 3.15 %
60 Month CD | 3.20 % | 3.25 %
And all you late tax filing procrastinators out there can file your taxes online while you are there too! Take advantage of H&R Block Tax Cut’s free e-file and file for FREE with TaxCut Online Free Edition.
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