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keyboard with paperwork stacked on top of it next to loose change on a table; Honor Credit Union money market accounts

Money Market Accounts

Our money market accounts are a great way to earn a little extra interest on that money you're saving for something down the road, like a family vacation, wedding, or mortgage down payment. One advantage of a money market account is after you make your initial deposit you still have access to the funds. Unlike a CD, you can make six withdrawals per month without penalty. Take a look at our Tiered Interest Money Market (TIMM) account and Momentum Money Market account and choose the best option for you.

Compare Accounts

Tiered Interest Money Market Momentum Money Market
Start Earning Interest With a $2,500 Balance
No Cap On Interest-Earning Balance  
Start Earning Interest With a $5,000 Balance  
Ideal For Balances Of At Least $50,000
Six FREE Withdrawals Per Month
Account Access Within Online Banking
No Fees To Close Account

 

Tiered Interest Money Market

  • Smaller initial deposit requirement than Momentum Money Market, making it easier for you to start earning interest.
  • No minimum balance fee, although you won't earn interest on a balance below $2,500.
  • Ideal for short term savers. Example: House or car shoppers who are trying to save for a down payment.

Tiered Interest Money Market Rates
Effective Date: Friday, September 21st, 2018
Minimum BalanceInterest 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%

*Annual Percentage Yield. Rates are variable and subject to change without notice after account is opened. By federal regulation, some restrictions may apply.



Momentum Money Market

  • See the momentum in action! As your balance increases to a new tier so does your interest rate.

  • A $20 monthly fee is applied to balances under $5,000, making this a better option for members with a little extra money to deposit.

  • Ideal for long term savers. Example: Members who are considering a CD, but might need access those funds before the CD matures.

Momentum Money Market Rates
Effective Date: Friday, September 21st, 2018
AmountInterest RateAPY*
$5,000.00 - $49,999.99 0.25% 0.25%
$50,000.00 - $99,999.99 1.045% 1.05%
$100,000.00 - $249,999.99 1.144% 1.15%
$250,000.00 - $1,000,000.00 1.243% 1.25%

*Annual Percentage Yield. $20.00 monthly minimum balance fee applied for balances under $5,000. Rates are variable and subject to change without notice after account is opened. By federal regulation, some restrictions may apply.



Calculators

Use these calculators to help you determine how much you could earn with each money market account and which one would best help you reach your savings goal.

Tiered Interest Money Market Calculator

Tiered Interest Money Market Calculator*

 

 

* Calculation based on interest compounded monthly. This calculation is for informational purposes and is only an estimate.

Open an account

  1. Log in to Online Banking
  2. In the New Accounts Tab select More Share Info
  3. Choose to open a Tiered Interest Money Market (TIMM) account

 Open Account Online

Momentum Money Market Calculator

Momentum Money Market Calculator*

 

 

* Calculation based on interest compounded monthly. This calculation is for informational purposes and is only an estimate.

Open an account

  1. Log in to Online Banking
  2. In the New Accounts Tab select More Share Info
  3. Choose to open a Momentum Money Market account

 Open Account Online


 



Open a Money Market Account

From Within Online Banking

  1. Log in to Online Banking
  2. In the New Accounts Tab select More Share Info
  3. Choose to open either a TIMM or Momentum Money Market account

 Open Account Online


Visit a Branch

An Honor team member at one of our local branches would be happy to help set up a money market account for you!

 Find a Branch

 

Need Help?

We want to make it easy for you. If you have looked everything over and you still have questions, one of our team members would be happy to help you.

Contact Us >

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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.