Business Savings Accounts
As a business owner, you’re always on the clock. Your business is on your mind even when the doors are closed. That’s why choosing a savings account should be simple, not another task on your already full plate. With the right account, you can spend less time worrying about banking and more time running your business.
Options To Help Your Business
Certificate
of Deposit
Health Savings
Accounts
Membership Savings
A business savings account is a safe place to build your business’s savings with easy access and up to 6 free withdrawals per month. Save Smarter by saving with Honor.
Business Savings Account Rates
| Type | Interest Rate | APY* |
|---|---|---|
| Share Savings (for balances on $5.00 or more) | 0.01% | 0.01% |
| Health Savings (HSA) | 0.25% | 0.25% |
| Rates accurate as of Oct 06, 2025 |
*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.
Account Details
- Free online banking and e-Statements
- Free transfers to other Honor accounts
- Transparent account terms with convenient access to your money anywhere 24/7
- NCUA insured up to $250,000
Money Markets
A money market account is a great way for your business to earn a little extra interest on that money you’re already saving. One advantage of a money market account is after you make your initial deposit you still have access to the funds. Money markets are ideal for business owners who need access to their funds, but are determined to save money.
Account Details
- Two account options to choose from to fit your business needs
- Start earning interest on any positive balance!
- No minimum balance fees
- No monthly fees
- Earn more interest as your balance increases
Business Amplify Money Market Rate
| Amnt | Base Rate | Base APY* | Bonus Rate | Bonus APY** |
|---|---|---|---|---|
| $0.01 and up | 0.25% | 0.25% | 2.73% | 2.77% |
| Rates accurate as of Oct 06, 2025 |
*APY = Annual Percentage Yield. Rates accurate as of 3/1/25. $0.01 minimum deposit required to earn the base dividend of 0.25% APY. **An additional bonus dividend of 2.52% APY requires at least 1 cleared credit card transaction per month on a Business Credit Card account AND at least 1 cleared signature-based or PIN-based point of sale (POS) debit transaction per month (PIN-based ATM transactions not eligible) on a Free Business Checking, Business Advantage Checking or Accelerate Business 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 dividend of 2.77% APY. Rates are variable and subject to change without notice. Insured by NCUA.
Business Momentum Money Market Rates
| Amount | Interest Rate | APY* |
|---|---|---|
| $0.01 - $24,999.99 | 0.30% | 0.30% |
| $25,000.00 - $99,999.99 | 0.450% | 0.45% |
| $100,000.00 - $249,999.99 | 0.750% | 0.75% |
| $250,000.00 - $499,999.99 | 0.99% | 1.00% |
| $500,000.00 - $999,999.99 | 1.24% | 1.25% |
| $1,000,000.00 - $1,999,999.99 | 1.49% | 1.50% |
| $2,000,000.00 - $10,000,000 | 1.78% | 1.80% |
| Rates accurate as of Oct 06, 2025 |
*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.
Certificate of Deposit
Certificates of deposit (CDs) are a popular and easy way for your business to save some money and Honor has made it as easy as can be. We offer a wide range of terms and competitive rates for our members. Watch your business’ savings grow with an Honor certificate of deposit.
Account Details
- We offer a variety of terms to match your business savings goals
- Fixed rates on all Certificates, with an option to bump your rate one time during the term of your certificate
- No monthly fees
- Earn higher interest rates on longer term certificates
Share, Traditional IRA, Roth IRA, HSA,^ Coverdell Education Certificate Rates
Minimum opening deposit for all Certificates is $50.00 unless otherwise noted below.
| Term | Interest Rate | APY* |
|---|---|---|
| 3 months 1 | 0.499% | 0.500% |
| 6 months 1 | 1.243% | 1.250% |
| 8-month special4 | 4.07% | 4.15% |
| 9 months1 | 1.243% | 1.250% |
| 12 months1 | 1.490% | 1.500% |
| 13-month special5 | 3.74% | 3.80% |
| 18 months1 | 1.490% | 1.500% |
| 24 months1 | 1.588% | 1.600% |
| 30 months1 | 1.588% | 1.600% |
| 36 months1 | 1.933% | 1.950% |
| 48 months1 | 2.031% | 2.050% |
| 60 months11 | 2.129% | 2.150% |
| 12 month add-on2^ | 1.490% | 1.500% |
| Rates accurate as of Oct 06, 2025 |
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. Insured by NCUA.
*APY= Annual Percentage Yield.
1 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.
2 12 month add-on not eligible for additional 0.25% APY youth rate bump or rate protector adjustment. 12-month add-on CD not eligible for IRA CD’s. HSA CD only available on the 12-month add-on CD rate and term. Contact a member service representative to open an HSA CD.
4 8-MONTH CD SPECIAL. Not applicable for Public Funds. Online/mobile opening not available. To receive the above stated 8-month term at 4.15% APY, 8-month CD must be opened with a minimum balance of $1,000. Early withdrawal penalty is 90 days of interest for promotional terms. 8-month CD special is not eligible for rate protector, youth bump, or a one-time rate bump over the course of the term. 8-month CD special will renew at the standard 9-month terms upon maturity.
5 13-MONTH CD SPECIAL. Not applicable for Public Funds. Online/mobile opening not available. To receive the above stated 13-month term at 3.80% APY, 13-month CD must be opened with a minimum balance of $1,000. Early withdrawal penalty is 90 days of interest for promotional terms. 13-month CD special is not eligible for rate protector, youth bump, or a one-time rate bump over the course of the term. 13-month CD special will renew at the standard 12-month terms upon maturity.
Health Savings Account
Health savings accounts (HSA’s) are a great way to offer an increased benefit to your employees while keeping your overall health care costs lower. A type of pre-tax savings account, HSA’s let your employees set aside pre-tax money to pay for qualified medical expenses.
Account Details
- Interest-bearing account
- Funds roll over each year and grown until retirement
- Free HSA debit card with no annual fee
- Earnings are tax-free when used for qualified medical expenses (consult your tax advisor)
- Great not only for the business owner, but also for your employees
Open a Business Savings Account
To open one of our Business Savings accounts, we ask that you connect with one of our local experts to ensure you are opening the account that’s the best option to help you and your business achieve financial success.
Business Savings FAQs
Yes! We can help you set up these accounts for your employees. We can even come to your business to help employees open these accounts. Please contact one of our business team members to get started.
Yes. You can have up to two Momentum accounts.
CD laddering is a common occurrence with opening certificates of deposit. You take your lump sum of money and divide it up between multiple CD’s with a variety of term lengths. This allows you to still earn higher rates of interest, but also to have the flexibility and access to your funds as they renew at different times.
Yes. You can download a QBO file to use.