Money Market Accounts
Money market accounts offer a great way to earn higher interest on your savings while keeping easy access to your funds. With unlimited deposits and withdrawals, they combine the earning power of a high-yield savings account with everyday flexibility. Honor Credit Union offers three free money market account options, so you can choose the one that fits your lifestyle and open your account online anytime, 24/7.
Money Market Accounts
Amplify Money Market
- Earn up to 3.77% APY* on ALL balances after meeting a few easy requirements!**
- Free account with no monthly fees
- Unlimited deposits and withdrawals
- No interest tiers based on account balance
Surge Money Market
- Earn up to 4.00% APY* on balances up to $1,000
- Free account with no monthly fees
- Unlimited deposits and withdrawals
- Ideal for members looking to establish a saving habit
Momentum Money Market
- Free account with no monthly fees
- Unlimited deposits and withdrawals
- An option to consider for long-term savers who still want access to their funds
Compare Money Market Accounts
STAR Mortgage: Offer valid only for borrowers who present proof of American Responder employment as defined above. Offer valid on purchases of primary residences only. Escrow of taxes and insurance(s) required. Loan types not eligible include: jumbo, construction, manufactured, second homes, investment properties and multi-units. Subject to credit approval. Rates, terms and conditions subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Offer cannot be combined with any other discounts or promotions. Equal Housing Opportunity. Insured By NCUA.
Physicians Mortgage: Offer valid only for borrowers who present proof of employment as defined above. Offer valid on purchases or cash out refinances of primary residences only, including new construction. Escrow and taxes of insurance required for loans over 80% LTV. Minimum credit score of 676 required to qualify for 0% down. Loan types not eligible include manufactured homes, second homes, investment properties and multi-units. Cash out refinances eligible for maximum LTV of 80% and cash out amount of $200K. Subject to credit approval. Rates, terms and conditions subject to change and may vary based on credit worthiness, qualifications and collateral conditions. Offer cannot be combined with any other discounts or promotions. Equal Housing Opportunity. Insured By NCUA.
Home Equity
Ready to renovate, consolidate debt, or cover major expenses? A home equity loan or HELOC gives you access to cash using the value you’ve built in your home. Enjoy competitive rates and a quick, easy application. Apply online, visit a local branch, or give us a call to get started.
There's Money Right Under Your Roof
Use a Home Equity Line of Credit to improve your home, cover a big purchase, lower what you pay on higher-rate debt, and more.
Rate as low as
5.49% APR*
Introductory through 12/31/26
6.75% APR*
Variable rate thereafter
*APR = Annual Percentage Rate. Rates accurate as of 3/2/26. This introductory rate applies to a new home equity line of credit (HELOC) approved between 3/2/26 – 4/30/26 and on existing HELOCs with a zero balance; existing HELOCs with a balance may qualify by refinancing and increasing the credit limit by at least $10,000. The “as low as” introductory rate of 5.49% APR will be valid for a HELOC with 80% Loan-To-Value (LTV) or less and a minimum credit score of 730; or 5.99% APR with a credit score of 690-729; or 7.99% APR with a credit score of 660-689. Approval and rate may vary based on credit history, LTV, and amount borrowed. The introductory rate HELOC will convert to a variable rate on 1/1/27 following the loan disbursement date. Upon expiration of the introductory period, the APR can range from 3.00% to 15.00% based on the current Wall Street Journal “Prime” rate, which was 6.75% as of 2/2/26, and may adjust monthly thereafter. Offer good for primary and secondary residences only. Excludes investment properties and fixed home equity products. Introductory rate may not be combined with other discounts or offers. Minimum loan amount is $5,000. $300.00 processing/closing cost fee on all home equity products plus appraisal fee, if required. Flood insurance may be required. All credit union loan programs, rates, terms and conditions are subject to change at any time without notice. Other restrictions may apply. Subject to credit approval. Limited time offer. Equal Housing Opportunity. Consult a tax advisor regarding the deductibility of interest.
Frequently Asked Home Equity Questions
- Home equity loans and HELOCs both allow you to borrow money against your home equity, but they’re not the same.
- If you want an upfront lump sum and a predictable repayment schedule and sums, then a home equity loan might be the right choice.
- The trade-off is that you’ll need to know exactly how much you want to borrow; otherwise, you could end up with more or less than you need. But if you do, say to settle a bunch of credit card bills, then the loan could be ideal.
- If you’re unclear how much financing you’ll need or want the option to take out more money as you need it and only incur interest on an actual withdrawal, then a HELOC might be a better option. You need to be disciplined in paying off the principal and be prepared for swings in your monthly payments.
Ultimately, we recommend you talk to one of our home loan experts, who will listen to your story and advise you of the best solution for your individual needs.
How much you can borrow depends on equity available, credit score, your home’s current valuation and other factors. Home equity is the amount available after subtracting what you owe on your mortgage from your home’s current market value.
Example: If your home is currently worth $250,000 and you owe $100,000, you have about $150,000 in equity (before lending limits).
We don’t charge an application fee. Most members will have a small processing fee and depending on the loan there may be third party costs (like appraisal or title). Our team will walk you through it upfront.
Our team works as quickly as possible. It typically takes 7-14 business days from the time your application is submitted to you having your loan funds available. The timeline can vary based on factors related to your situation but we are very transparent with our communication during the process and will make sure you are given realistic expectations so you can be prepared.
You can use a HELOC for almost any major expense: home improvements, debt consolidation, emergency costs, education, vacation, or other big purchases.