Hmmm, maybe I’m missing it, by why exactly is an H&R Block press release all that interesting to the whole MoneyBlogNetwork crew that about half of ‘em did what looks like a straight cut and paste job on it this weekend…
There are, however, a few interesting tidbits in the release.
- the high-yield savings account sounds interesting – the claimed 5.25% APY is about the highest I’ve seen advertised for some time. Though with their past history, I sure would like to see the fine print on that offer first!
- even more interesting to me is the reduction in cost of refund lending to as little as 36%(!) APR on a refund anticipation loans. Well shucks, isn’t that nice of them.
- their fourth item I think would be particularly useful if they were actually doing it – ‘Improving Financial Education and Advice.’ But I doubt very much that, for instance, they’re going to be suggesting that a refund anticipation loan is probably not really an intelligent financial option.
[tags]H&R Block,savings,taxes,RAL, refund anticipation loan,usury[/tags]
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