Money Market Accounts
Money market accounts are a great high yield savings account to earn a little extra interest while still maintaining access to the funds with unlimited withdrawals and deposits. Honor Credit Union has three free money market options to choose from. Choose the option that fits your lifestyle and open an account online 24/7.
High Yield Savings With Flexibility
Compare
Accounts
Amplify
Money Market
Surge
Money Market
Frequently
Asked Questions
Compare 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
Amplify Money Market
Surge Money Market
Momentum Money Market
Earns Highest Interest Rate*
Ideal For Members Who Use Honor Cards
Starts Earning Interest With a $0.01 Balance
Ideal For Establishing a Saving Habit
Free Account With No Monthly Fees
Unlimited Deposits & Withdrawals
Amplify Money Market Account
Advantages
- You can earn up to 3.77% APY* on ALL balances after meeting a few easy requirements!**
- Amplify Money Market accounts that are opened with an initial deposit of at least $0.01 will receive the base rate of 0.50%
- Members can then meet a few simple requirements to receive an additional bonus 3.27% APY**
- No minimum balance fees
Amplify Money Market Rate
| Amount | Base Rate | Base APY* | Bonus Rate | Bonus APY** |
|---|---|---|---|---|
| $0.01 and up | 0.50% | 0.50% | 3.71% | 3.77% |
| Rates accurate as of Jul 11, 2025 |
*APY = Annual Percentage Yield. Rates accurate as of 3/1/25. $0.01 minimum deposit required to earn the base dividend of 0.50% APY. **An additional bonus dividend of 3.27% 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 or PIN-based point of sale (POS) debit transaction per month (PIN-based ATM transactions not eligible) on a Benefits Checking or Connect Checking account – In order to satisfy the relationship bonus dividend requirements, credit card and debit card transactions must be from accounts within the same membership as the Amplify Money Market account and transactions must be posted by 5:00 PM EST on the last business day of the month. 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 3.77% APY. Rates are variable and subject to change without notice. Insured by NCUA.
**Easy Bonus Requirements
To earn the extra interest simply meet the easy requirement below.
Open an Account*
Open an Amplify Money Market account with at least $0.01.
Swipe Your Honor Cards
Use your Honor debit card AND credit card once per month.
(Pin transactions not eligible)
Earn 3.77% APY*
It's that easy. Just open an account and use your Honor cards!
Surge Money Market Account
Advantages
- Earn a higher rate of interest with a lower balance than a Momentum Money Market or a certificate of deposit
- Start earning interest with a balance as little as a penny ($0.01)
- No minimum balance fee
- Ideal for young families and people looking to establish a savings habit without a large sum of money
Surge Money Market Rates
| Amount | Interest Rate | APY* |
|---|---|---|
| $0.01 - $1,000.00 | 3.93% | 4.00% |
| $1,000.01 - $2,500.00 | 1.98% | 2.80% - 4.00% |
| $2,500.01 - $5,000.00 | 0.99% | 1.90% - 2.80% |
| $5,000.01 - $10,000.00 | 0.50% | 1.20% - 1.90% |
| $10,000.01 - $1,000,000.00 | 0.25% | 0.26% - 1.20% |
| Rates accurate as of Jul 11, 2025 |
*APY = Annual Percentage Yield. Rates accurate as of 11/1/24. $.01 minimum balance required to earn up to 4.00% APY. Surge Money Market is a blended tiered rate account which pays a different rate on the amount of funds in each tier. Each rate will apply only to the portion of the account balance within each tier and not the entire account balance. A higher daily balance, when moving up the tiers, will result in a lower APY being earned. One account per membership. Rates are variable and subject to change without notice. Insured by NCUA.
Momentum Money Market Account
Advantages
- As your balance increases to a new tier so does your interest rate
- A good option for members with a little extra money to deposit
- No minimum balance fee
- Ideal for long term savers who are considering a CD, but might need access to those funds before the CD matures
Momentum Money Market Rates
| Amount | Interest Rate | APY* |
|---|---|---|
| $2,500.00 - $49,999.99 | 0.15% | 0.15% |
| $50,000.00 - $99,999.99 | 0.30% | 0.30% |
| $100,000.00 - $249,999.99 | 0.60% | 0.60% |
| $250,000.00 - $499,999.99 | 0.80% | 0.80% |
| $500,000.00 + | 0.99% | 1.00% |
| Rates accurate as of Jul 11, 2025 |
*APY= Annual Percentage Yield. Rates are variable and subject to change without notice after account is opened. Some restrictions may apply.
Money Market FAQs
A money market account is an interest-bearing savings account that offers a predictable yield in a federally insured account.
Rates are subject to change at any time. Please refer to the rates tables on this page for the most up to date interest rates.
The Surge account is considered a reverse money market. The interest rate is higher on lower balances and decreases as your balance increases. It’s ideal for people who don’t have a large sum of money to establish savings habits.
There are no minimum balance fees on the Surge account.
An Amplify Money Market is a relationship-based, high-interest money market savings account. You earn a base rate and then earn a bonus rate simply by using your Honor credit and debit cards once per month.
There are no monthly or minimum balance fees on the Amplify account. All you need is $1 to open an Amplify account and start earning interest.
- A Surge Money Market account is considered a reverse money market account. When your balance exceeds $2,500 the interest rate you earn begins to lower.
- With an Amplify account, you earn the same 0.50% APY* base interest rate, and additional 1.50% relationship bonus rate by swiping your Honor debit and credit cards no matter your balance. There is no cap on interest earned.
Other High Yield Savings Options
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 a high interest rate on your average daily balance, and receive ATM fee reimbursements.
Honor Investment Services
If you’re planning for retirement, for college, or a large future event, our team at Honor Investment Services can help set you up for success!
Tips To Save Money
We know it’s not always easy to build up your savings account, so we have included some helpful tips and tricks from our blog to help you reach your savings goals.
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*APY = Annual Percentage Yield. Your interest rate and APY will be based on the balance in your account. Rate is variable and may change after account is opened. Fees can reduce earnings. Insured By NCUA.
