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CD IRA and Money Market Accounts at Honor Credit Union

CDs & IRAs

If you are looking to save money for a future project, vacation or if you want to save for retirement, a certificate of deposit (CD), or an individual retirement account (IRA) might be the best option for you. Unlike a regular savings account or even a money market, putting your money in a CD or IRA locks the funds up for the duration of the term, so you have the best opportunity to earn the most interest.

CDs

Certificates of Deposit (CDs) are the most popular and simplest ways to sock away some money, and Honor has made it as easy as can be! All you have to do is decide how much and for how long, and we’ll do the rest!

  • Open a CD with as little as $50!
  • Flexible terms ranging from 3 to 60 months* to fit your needs
  • Interest rates vary depending on the term and the amount deposited 
  • Rates are locked in for the length of the CD
  • Most CDs earn higher interest rates than regular savings accounts and money market accounts

*Other terms available. Give a Member Service Representative a call for more details at 800.442.2800.

View CD Rates

Current Certificate of Deposit Rates

Share, Traditional IRA, Roth IRA, & Coverdell Education Savings Account Certificates
Effective Date: Monday, November 19th, 2018
TermMinimum Opening DepositInterest RateAPY*
3 months1 $50.00 0.10% 0.10%
6 months1 $50.00 0.20% 0.20%
12 months1 $50.00 0.35% 0.35%
18 months1 $50.00 0.40% 0.40%
24 months1 $50.00 0.60% 0.60%
30 months1 $50.00 0.50% 0.50%
36 months1 $50.00 0.85% 0.85%
48 months1 $50.00 1.193% 1.200%
60 months1 $50.00 1.342% 1.350%
12 month Add-On2 $50.00 1.19% 1.20%
12 month special* $50.00 2.276% 2.30%
12 month relationship special** $50.00 2.472% 2.50%
24 month special* $50.00 2.521% 2.55%
24 month relationship special** $50.00 2.716% 2.75%
55 month special* $50.00 2.716% 2.75%
55 month relationship special** $50.00 2.911% 2.95%
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 and relationship specials are eligible for a one time rate protector no matter the length of CD term.
** 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 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 Certificate of Deposit

From Within Online Banking

  1. Log in to Online Banking
  2. In the New Accounts Tab select More Certificate Info
  3. Choose the CD that best fits your needs and click Purchase Online

 Open a CD Online


Visit a Branch

An Honor team member at one of our local branches would be happy to help you open a CD!

 Find a Branch
 



IRAs

Are you looking for a way to save for retirement and see some great tax advantages?* An Individual Retirement Account might be what you’re looking for. Honor has several options to choose from based on your individual goals.

  • Traditional IRA – Contributions may be tax deductible*.
  • Roth IRA – Contributions are not tax deductible, but your earnings are generally tax-free and stay tax-free even when you withdraw them*.
  • Coverdell IRA – This is a form of a college savings account, and you may recognize its former name, the Education IRA. Contributions are not tax deductible* and distributions remain tax-free as long as they’re used for qualified education expenses.
  • Open an IRA with as little as $500

*Always talk to your tax advisor to help you determine the IRA that is right for you.

View IRA Rates

Current Individual Retirement Account Rates

Traditional IRA, Roth IRA, Coverdell Education Savings Account
Effective Date: Monday, November 19th, 2018
Interest RateAPY*
0.20% 0.20%


Open an Individual Retirement Account

Give us a call

One of our accout experts would be happy to help you set up an IRA.

 Contact Us


Visit a Branch

An Honor team member at one of our local branches would be happy to help you open an IRA.

 Find a Branch
 

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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.