Want an extra $2501 in your pocket and better banking services, too? Now is a great time to open a checking account with Honor Credit Union.
You could become a member by the end of the day and start earning more interest on your money with Benefits Checking or get rewards points by using a Connect Checking debit card. Plus, you’ll get a $250 bonus within 90 days when you meet just a few basic conditions.
“Both accounts have no fees and there’s no minimum balance requirement,” said Andrew Cleminshaw, regional manager in southwest Michigan. “What you see is what you get. It’s really quite simple.”
More on how to get your $250 bonus below. But first, here’s a closer look at the perks of Honor Credit Union’s two personal checking accounts:
High-Yield Benefits Checking
With a few simple steps, you can earn up to 5.15% APY2 on balances of up to $10,000. If you’re looking for an account that gives you 24/7 access to your funds but helps you earn more, this is the account for you.
Connect Checking
Earn 1% back3 when you fuel the car, stock the fridge or grab a bite at your favorite local place. Cash in rewards for gift cards, travel experiences and more.
Which Honor Credit Union checking account is right for you? If you tend to keep a lower balance in checking, then the debit card rewards that come with Connect Checking are a great perk. If you keep a higher balance, on the other hand, then you might get more bang for the buck with the 5.15% APY that could pay you more than $500 of interest per year.
How To Apply And Earn Your $250 Bonus
Opening a checking account with Honor Credit Union is so fast and easy. Simply fill out the online application, then Honor will get in touch with you to verify your identity and complete any required electronic signatures.
Or you can pop into any of Honor Credit Union’s 28 member center locations across Michigan and get to know your local team by applying in person. You can even walk out with an instant-issue debit card that very same day.
To earn the $250 new member bonus, just open either a Benefits or Connect checking account with a minimum opening deposit of $25 or more, set up a qualifying direct deposit of $500 and make at least eight transactions with your debit card within 60 days. Your $250 bonus will show up in your account within 30 days of meeting the requirements. There’s even a dividend tracker in online banking and the Honor Credit Union app so you can see how close you are to earning your bonus.
More Reasons For Switching To Honor Credit Union
Not only does Honor Credit Union have no-fee checking accounts with either a high interest rate or a valuable rewards program, but it also partners with credit unions around the country through a nationwide CO-OP branching network. That means you can find more than 30,000 fee-free ATMs to access your money wherever you are anywhere in the country.
Honor Credit Union also provides the best in service with user-friendly digital tools and 28 member centers in local communities across Michigan.
“You’re going to notice big service differences,” Cleminshaw said. “We’re not going to make you jump through hoops to get the bonus, and when you’re here you’re going to be treated like a person.
“We have a saying, ‘We are people helping people.’ I tell members, ‘I’m just a member who works here.’”
Notice the word “member.” When you switch to Honor Credit Union you become a member instead of a customer. Plus, each member is also an owner.
It’s no wonder that Honor’s financial products and services have the best interests of the members at heart: The members and owners have the same goals because they’re the same people!
That’s the same reason Honor Credit Union is so active in local Michigan communities through event sponsorship, staff volunteering, scholarship programs, teacher rewards and charitable giving. Its mission is bigger than banking.
“I can confidently say after over a decade working here, the importance of community is genuine and authentic,” Cleminshaw said. “We’re not a publicly traded company (like many traditional banks are). Their focus is usually more on the bottom line.
“Honor Credit Union is owned by our members, so our motivations are just very different and that screams out when you’re working with us.”
1. APY = Annual Percentage Yield, 0.00% APY. $250 paid when new or existing member without a current checking account opens a personal checking account with a minimum opening deposit of $25, sets up qualifying direct deposit(s) totaling $500 or more and conducts 8+ debit card transactions all within 60 days of account opening. A qualifying direct deposit is defined as one from a recurring paycheck, pension, or government benefits (such as social security) payments only. Non-payroll related ACH, person-to-person payments and transfers from other financial institutions or other Honor CU accounts do not qualify. Bonus will be paid within 30 days of minimum requirements being met. New account must remain open and maintain a positive balance for at least 90 days. If criteria is not met, $250 bonus will be withdrawn from account. New members must open account at honorcu.com/bonus/ or a local member center location. Existing members must open new checking account at member center location, phone, or video appointment, and specifically mention the $250 offer at time of opening. Existing members that have closed a checking account at Honor in last five years, not eligible. Offer subject to change without notice. The value of the reward may be reported on the appropriate Internal Revenue Service (IRS) forms and may be considered taxable income to you. Please consult your tax advisor regarding your specific situation. Insured By NCUA.
2. APY = Annual Percentage Yield. Rates accurate as of 11/1/24, $25 minimum deposit required to open. Earn the 5.15% APY on balances of up to $10,000.00. Members not meeting the Dividend Requirements will not earn dividends. Dividend Requirements are e-Statements, Direct Deposit, at least 20 debit card transactions per month that clear your account as signature-based or PIN-based point of sale (POS) debit transactions (PIN-based ATM transactions not eligible; please note that Honor posts transactions based on how they are received from merchants) and minimum 1 monthly online banking login. ^ATM foreign surcharge fees will be refunded monthly up to $20/month. Members not meeting requirements will not earn ATM foreign surcharge fee refunds. No free checks offered on this account. One account per Member. Rate is variable and may change after account is opened. Insured by NCUA.
3. APY = Annual Percentage Yield. Rates accurate as of 11/1/24, $25 minimum deposit required to open. Account earns 0.00% APY. Members earn 1 reward point per every $1 spent on qualifying net debit card purchase transactions (purchases minus returns/credits) posted to their Connect Checking accounts as signature-based or PIN-based point of sale (POS) debit transactions (PIN-based ATM transactions not eligible; please note that Honor posts transactions based on how they are received from merchants). Qualifying purchase transactions are defined as those retailers whose Mastercard Merchant Category Codes (MCC) are classified as follows: Grocery Stores, Supermarkets, Restaurants, Fast Food, Drinking Places, Discount Stores, Variety Stores, Wholesale Clubs, Pharmacies, and Gasoline (gas stations, EV charging stations). All other debit card transactions will not accrue reward points. Account holders are advised to refer to the uChoose Rewards program terms for comprehensive details on point redemption, limitations, expiration, and other pertinent information. Some restrictions may apply. Insured By NCUA.
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