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H&R Block Easy IRA^®

You can open your Easy IRA^® with a $300 minimum deposit or by establishing an automatic investment for a minimum of $25 per month*. Plus, you could get potential tax breaks on your current year tax return**. The H&R Block Easy IRA^® can be opened as either a Traditional IRA or a Roth IRA.

Traditional IRA : Contributions may be tax-deductible, and earnings are tax-deferred. Distributions at retirement are taxed as income (except for those portions of the distribution corresponding to contributions that were not deducted). You must begin taking distributions by April 1 of the year after reaching age 70½. Account opening is available online or by submitting a paper application.
Roth IRA : Contributions are not tax-deductible; however, contributions can be withdrawn at any time tax-free. Earnings can be withdrawn without taxes or penalties if you are age 59½ and your account has been open five years or more. Account opening is available online or by submitting a paper application.

*There is no minimum balance requirement to earn interest. The interest rate associated with the H&R Block Easy IRA^® is subject to change after account opening at the discretion of H&R Block Bank and without prior notice. Interest will accrue daily and will be credited monthly. Fees may reduce earnings on the account. If you close your account prior to the crediting of interest, you will not receive the accrued interest. Please see your fee disclosure and account agreement for details.

**Please consult your tax professional for further information regarding eligibility, tax-deductibility of Traditional IRA contributions, tax-deferred/tax-exempt interest, limitations and tax consequences of distributions for college expenses and first-time home purchases, and additional IRS rules governing both Traditional and Roth IRAs. Severe penalties may be imposed for contributions and distributions not made in accordance with IRS rules.

H&R Block Easy IRA Interest Rates

H&R Block Easy IRA Interest Rates
Product Description	Interest Rate	APY

Interest accrues daily and is credited monthly. Minimum opening deposit is $300 or a monthly direct deposit of $25. No minimum balance is required to obtain the stated APY. Rate is subject to change after account opening.

Annual Percentage Yield (APY) effective as of at 20:13 PM CST and is subject to change without prior notice. Unless exception applies, a 10% IRS early distribution penalty if withdrawn prior to age 59½ will apply. Fees may reduce earnings on the account. If you close your account prior to the crediting of interest, you will not receive the accrued interest. See fee disclosure and account agreement for details.

FDIC insured up to $250,000 per depositor for all deposit accounts and IRAs.

Contributions

You can make a big impact on your retirement savings by starting early and setting aside a little bit each month. You can set up recurring monthly contributions to your Easy IRA^® for as little as $25 a month.

Quick Facts on IRA Contributions

Contribution Limits: As disclosed in IRS Publication 590 — Individual Retirement Arrangements (IRAs), the current IRA contribution limit is $5,000 ($6,000 if you are age 50 or older). If you have more than one IRA, the limit applies to the total contributions made on your behalf to all your IRAs for the year. There are other limits and rules that affect the amount that can be contributed to your IRA. You may review all limits and rules in IRS Publication 590 at www.irs.gov.

How to Make a Contribution

1. Download the form

2. Complete and send us the form

If funding via check or money order, send the completed form and method of contribution to the address provided on the form.

If funding via ACH, send the completed form with voided check via mail to the address provided on the form or via fax to 1-866-812-3144.

Distributions

Things You Need to Know

An Easy IRA Distribution Form is required to distribute money from your IRA. You may withdraw money from your IRA at any time; penalties may apply. Be sure to complete all fields and sign your form to avoid delays. There is a $25 account termination fee for full distributions from an Easy IRA^®.

Options for Submitting your Request

Fax form to 866-812-3144
Mail form to the address provided on the form.
Account opening is available online or by submitting a paper application.

Easy IRA Distribution Form

To withdraw money from an H&R Block Bank IRA.

Download Now ira_withdrawal_download

Easy IRA Contribution Form

To make a one-time contribution via check or money order to your H&R Block Easy IRA account.

Download Now deposit_slip_download

Direct Deposit Form*

To set up, change or cancel a one-time or monthly direct deposit from your bank account to your H&R Block Easy IRA^® account.

* Please note that the name preprinted on the voided check or confirmed by the receiving bank must match the name on your account with us.

Download Now direct_deposit_download

IRA Interested Party Request Form

To add an interested party to your H&R Block Bank IRA^®.

Download Now interested_party_download

Change of Address Form

To submit your change of address request on your H&R Block Bank IRA account.

Download Now easyproductschange_download

Change of Beneficiary

To make a change or add a beneficiary to your H&R Block Bank IRA account.

Download Now beneficiary_download

Manual EASY IRA Roth Application

Download Now Manual EASY IRA Roth download

Manual EASY IRA Traditional Application

Download Now Manual EASY IRA Trad download

How can I open an H&R Block Bank Easy IRA?

You may apply online. Or, go to the forms page to download, print and complete your application.

Is there a minimum balance required to open an H&R Block Bank Easy IRA^®?

Yes. The minimum balance required to open an Easy IRA^® is $300.00 or by establishing an automatic investment for a minimum for $25 per month.

How long will it take to process my request?

Upon receiving your form, all requests will take approximately 7 to 10 business days to process your request.

What do I do with the form?

Complete all fields on the form, sign and either fax it to 1-866-812-3144 or mail it to the address provided on the form.

What are the fees associated with my H&R Block Bank Easy IRA^®?

Please reference fees disclosed in your account opening paperwork.

How do I make an additional contribution to my H&R Block Bank Easy IRA^®?

Please reference the Contributions page.

How do I make a Direct Transfer or Direct Rollover of Funds?

You can request a direct transfer from an IRA or a direct rollover from an employer plan into your IRA at H&R Block Bank. To make sure you have the correct form please contact a customer service agent at 1-888-OUR-HRBB (687-4722) and select the Savings and IRA Accounts option.

How frequently will I receive an H&R Block Bank Easy IRA^® statement?

IRA Statements are mailed on an annual basis. This statement is known as your Fair Market Value (FMV) letter. H&R Block Bank mails these forms by January 31 annually.

What is IRS Form 5498?

IRS Form 5498 reports contributions you have made to your IRA and is mailed by May 31 annually. This form is for informational purposes only, therefore, you do not need to attach it to your tax return.

What is IRS Form 1099-R?

IRS Form 1099-R reports distributions you have made from your IRA and is required to complete your tax return. H&R Block Bank mails these forms by January 31 annually. If you have made a distribution from your IRA and have not received your Form 1099-R within 10-14 business days of the mail date listed above, please call 1-888-OUR-HRBB (687-4722) to request a reprint of your form.

Where can I find the current interest rate on my H&R Block Easy IRA^®?

To view the most current interest rate for your Easy IRA click here.

Are there any fees if I withdraw the funds from my H&R Block Easy IRA^® and close it?

There will be a $25 termination fee applied against your balance when you close your account. No termination fee will be applied to a partial distribution, unless the amount requested lowers the value of your account below $25. In this case, the $25 termination fee will be applied and the remaining balance will be distributed to you. You may also be subject to tax and/or a 10% penalty from the IRS for early distributions.

Can I access my H&R Block Bank Easy IRA^® online?

Yes. You may enroll for online banking by clicking here.

Whom can I call if I have additional questions about my H&R Block Bank Easy IRA?

Please call a customer service agent at 1-888-OUR-HRBB (687-4722) and select the Savings and IRA Accounts option.

How do I change the address on my H&R Block Bank Easy IRA^®?

If you move and need to change or update the address on your H&R Block Easy IRA, complete and submit a change of address form. Once completed, either fax to 1-866-812-3144 or mail to the address provided on the form.

How do I change beneficiaries on my H&R Block Bank Easy IRA^®?

Download the change of beneficiary form.

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