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Business Savings

If you're looking for a safe place to put your business' hard-earned money, whether it's for a future expansion project or if you're just trying to save every penny in case unexpected expenses come up, Honor Credit Union has an account for you, from money markets to CDs with competitive rates. Take a look at our account options and let us help you start saving today.

Membership Savings Accounts

A savings account is a benefit for every Honor business member. Whether you are just starting out as an entrepreneur, or you have a chain of successful locations, having a little money stashed away is a reassuring feeling.

  • No minumum balance
  • Earns dividends to help your business grow
  • No monthly service fees
  • Straightforward account terms with convenient access to your money anytime, anywhere
  • Great for every business owner looking to put more cash towards their bottom line.

Savings Account Rates

Savings Rates
Effective Date: Friday, September 21st, 2018
TypeInterest RateAPY*
Share Savings
(for balances on $5.00 or more)
0.05% 0.05%
Christmas Savings 0.05% 0.05%
Vacation Savings 0.05% 0.05%
Health Savings (HSA) 0.25% 0.25%

 

Open an Account

One of our team members would be happy to help answer any questions and open your savings account either in person or over the phone.

 Contact Us

 Find a Branch



Money Market Accounts

Make your business' money work as hard as you do with a money market account from Honor. These accounts offer a higher interest rate, allowing you to save up for a big purchase quicker and without much effort. Check out the two money market accounts we offer and decide which is best for you.

Business Tiered Interest Money Market (TIMM)

  • Minimum deposit of at least $2,500
  • Easy access to funds
  • No early withdrawal penalties
  • No monthly service fees
  • Great for small businesses that need access to their funds, but are still determined to save money.

Business Tiered Interest Money Market Rates

Business TIMM
Effective Date: Friday, September 21st, 2018
AmountInterest RateAPY*
$2,500.00 - $9,999.99 0.10% 0.10%
$10,000.00 - $24,999.99 0.15% 0.15%
$25,000.00 - $49,999.99 0.20% 0.20%
$50,000.00 - $99,999.99 0.25% 0.25%
$100,000.00 - $249,999.99 0.30% 0.30%
$250,000.00 + 0.35% 0.35%
*APY = Annual Percentage Yield. Rates are variable and subject to change without notice after account is opened. Fees can reduce earnings. Federally insured by NCUA.

Open an Account

One of our team members would be happy to help answer any questions and open your money market account either in person or over the phone.

 Contact Us

 Find a Branch


Business Momentum Money Market

  • Minimum deposits of at least $5,000

  • Earns higher interest rate than TIMM accounts

  • Easy access to funds

  • No early withdrawal penalties
  • No service fee if the balance is above $5,000
  • Great for businesses that want to have easy access to funds, but like the idea of earning higher interest rates for higher balances.

Business Momentum Money Market Rates

Business Momentum Money Market
Effective Date: Friday, September 21st, 2018
AmountInterest RateAPY*
$2,500.00 - $9,999.99 0.15% 0.15%
$10,000.00 - $24,999.99 0.25% 0.25%
$25,000.00 - $49,999.99 0.50% 0.50%
$50,000.00 - $99,999.99 0.995% 1.00%
$100,000.00 - $249,999.99 1.243% 1.25%
$250,000.00 - $1,000,000.00 1.490% 1.50%

Open an Account

One of our team members would be happy to help answer any questions and open your money market account either in person or over the phone.

 Contact Us

 Find a Branch



Certificates of Deposit

Do you have some cash that you know you won't need right away? A Certificate of Deposit (CD) is a popular and simple way to earn a higher interest rate, depending on the term and amount deposited.

  • Honor offers various terms to watch your money grow
  • Rate is fixed and guaranteed not to change during term of CD
  • Earn higher rates on longer term CDs
  • No monthly service fee

Certificate of Deposit Rates

Share, Traditional IRA, Roth IRA, & Coverdell Education Savings Account Certificates
Effective Date: Friday, September 21st, 2018
TermMinimum Opening DepositInterest RateAPY*
3 months1 $500.00 0.10% 0.10%
6 months1 $500.00 0.20% 0.20%
12 months1 $500.00 0.35% 0.35%
18 months1 $500.00 0.40% 0.40%
24 months1 $500.00 0.60% 0.60%
30 months1 $500.00 0.50% 0.50%
36 months1 $500.00 0.85% 0.85%
48 months1 $500.00 1.193% 1.200%
60 months1 $500.00 1.342% 1.350%
12 month Add-On2 $50.00 1.19% 1.20%
12 month special* $500.00 2.031% 2.05%
12 month relationship special** $500.00 2.325% 2.35%
24 month special* $500.00 2.276% 2.30%
24 month relationship special** $500.00 2.569% 2.60%
55 month special* $500.00 2.911% 2.95%
55 month relationship special** $500.00 3.008% 3.05%
All youth under the age of 18 will receive an additional 0.25% APY to the stated rates unless otherwise noted.
A penalty fee may be imposed if you withdrawal funds prior to the maturity date.
Rate Protector allows a one time rate adjustment for 3-36 month term CDs and a two time rate adjustment for 37-60 month term CDs with no penalties or fees.
12 month add-on not eligible additional 0.25%APY youth rate bump or rate protector adjustment.
* No relationship requirement. CD special is not eligible for rate protector or youth rate bump.
** Minimum (1) direct deposit or active checking (8+ debit card transactions) per month is required to receive above stated rates. Rate Protector and Youth 0.25% APY rate bump are not valid on CD Specials. 12 Month Special CDs renew at the standard 12 month rate, 24 Month Special CDs renew at the standard 24 month rate and 55 Month Special CDs will renew at the standard 60 month rate.

Open a CD

One of our team members would be happy to answer any questions and help you get started with a CD either in person or over the phone.

 Contact Us

 Find a Branch



Health Savings Accounts

An Honor Health Savings Account (HSA) allows you to save money for health care costs and use the funds to pay for qualified medical expenses while taking advantage of tax savings.

  • Interest-bearing account
  • Funds roll over each year and grow until retirement
  • Free HSA debit card with no annual fee
  • Earnings are tax-free when used for qualified medical expense (consult your tax advisor)
  • Great not only for the business owner, but also for their employees. Let Honor come to your business and set up all employee HSA accounts for free!


Open a Business Savings Account

One of our team members would be happy to help answer any questions and open the account or CD that best suits you and your business' needs either in person or over the phone.

 Contact Us

 Find a Branch

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Federally insured by NCUA.
We do business in accordance with the Fair Housing Law.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800.442.2800 for assistance. All products and services available on this website are available at all Honor Credit Union full-service locations.