Introducing
Amplify
Money
Market
Earn Up To 3.00% APY*
No Cap On Interest Earned
Unlimited Deposits & Withdrawals
Limited Time Promotional Rate:
3.00%APY*
One Simple Requirement!*
Open an Amplify Money Market with at least $5,000 of new money not currently held at Honor* and you will earn a promotional rate of 3.00% APY* on your average daily balance through September 30, 2023.
- New money can be funds brought in from another financial institution. Tax refund money is eligible.
- Once the promotional rate period ends, Amplify Money Market accounts will automatically be transitioned to the standard rate of 0.50% with an additional qualifying bonus rate of 1.50% when a few simple requirements are met.^
^Requirements include using an Honor debit and credit card once per month. (Pin debit transactions ineligible).
*APY= Annual Percentage Yield.
Rates & Details
LIMITED TIME RATE OFFER!
- Earn 3.00% APY* when you open an Amplify Money Market with a minimum deposit of $5,000 in new money held outside of Honor by March 31, 2023. New money includes tax refunds.
- Promotional 3.00% rate is valid through September 30, 2023
- On October 1, 2023, the promotional rate will automatically transition to the standard rate listed below
- If you don't have $5,000 in new money, you can still earn up to 2.00% APY* with an Amplify Money Market!
Promotional Amplify Money Market Rate
| Amount | Interest Rate | APY* |
|---|---|---|
| $5,000.00 and up | 2.96% | 3.00% |
| *Promotional Rate Requirements: APY = Annual Percentage Yield, Rates accurate as of 2/1/23. To receive the promotional rate of 3.00% APY the money market account must be opened between February 1, 2023 – March 31, 2023, with a minimum opening balance of $5,000 funded solely with new money (funds currently held at another financial institution) to Honor Credit Union. A minimum balance of $5,000 is required to earn daily dividends but no other qualifying requirements are needed in order to receive this promotional APY. The promotional APY is valid through September 30, 2023, and will then convert to the current Amplify Money Market’s pricing structure. Accounts earning the Amplify Base rate of 0.50% following the promotional period will earn 2.15% blended APY if opened in February (assuming February 1st account opening date) and 1.96% blended APY if opened in March (assuming March 1st account opening date). Accounts earning the Amplify Relationship Bonus rate of 1.98% following the promotional period will earn a 2.66% blended APY if opened in February and 2.58% blended APY if opened in March. APR = Annual Percentage Rate. Rates are variable and subject to change without notice. Limited time offer. Insured by NCUA. | ||
STANDARD AMPLIFY RATE
If you don’t have $5,000 in new money you can still earn up to 2.00% APY* with an Amplify Money Market!
- You can earn up to 2.00% APY* without meeting any new money requirement
- Amplify Money Market accounts that are opened with an initial deposit of at least $1 will receive the base rate of 0.50%
- Members can then meet a few simple requirements to receive an additional bonus 1.50% APY*^
Amplify Money Market Rate
| Amnt | Base Rate | Base APY* | Bonus Rate | Bonus APY** |
|---|---|---|---|---|
| $1.00 and up | 0.50% | 0.50% | 1.98% | 2.00% |
| Rates accurate as of Mar 26, 2023 | ||||
| *APY = Annual Percentage Yield. Rates accurate as of 2/1/23. $1 minimum deposit required to earn the Base rate of 0.50% APY. **An additional Relationship Bonus rate of 1.50% APY requires at least 1 cleared credit card transaction per month on a Select Credit Card or Select Rewards Credit Card account AND at least 1 cleared signature-based debit card transaction(s) per month (PIN-based transactions not eligible) on a Benefits Checking, Connect Checking or Simplified Checking account – please note that Honor posts transactions based on how they are received from merchants. Accounts meeting both of the qualifying requirements will earn a total Relationship Bonus rate of 2.00% APY. Rates are variable and subject to change without notice. Insured by NCUA. | ||||
^Requirements include using an Honor debit and credit card once per month. (Pin debit transactions ineligible).
*APY= Annual Percentage Yield.
Advantages of a Money Market
24/7 Access To Funds
Enjoy unlimited withdrawals and deposits with a money market account, along with 24/7 access via online banking, the mobile app, and member centers.
Grow Your Savings
Money Markets are an easy way to grow your savings with very little effort. It's rewarding and confidence-boosting to watch your balance grow each month!
Setup Auto Deposits
Take a set-it-and-forget-it approach to saving money when you pair a money market account with our It's Your Change program.
Feel Secure & Confident
Funds in a money market account are insured up to $250,000 by NCUA, so you can feel confident that your money is safe with Honor.
Other High Yield Savings Options
An Amplify Money Market might not be the best fit for you, but we offer several other high yield savings options to help you reach your financial goals.
Surge Money Market
Earn a higher rate of interest on a lower balance. An ideal solution for people looking to establish a savings habit without a large sum of money.
Certificate of Deposit (CD)
A certificate of deposit (CD) is an easy way to earn a return on your deposited funds with a wide range of terms to choose from.
Benefits Checking
With our free Benefits Checking account you earn 3.00% APY* on your average daily balance, and receive ATM fee reimbursements.
