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CD IRA and Money Market Accounts at Honor Credit Union

CDs, IRAs, Money Market

CDs

Certificates of Deposit (CDs) are the most popular and simplest ways to stock 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!

  • Traditional CD Facts:

    • Terms range from 3 to 60 months*
    • Open a regular CD with as little as $500 or a youth CD with just $50
    • Open an IRA CD with only $500
    • Interest rates vary depending on the term and the amount deposited
    • Find our current CD rates here

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

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 types of IRAs to choose from based on your 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.
  • Get our current IRA rates here

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


Tiered Interest Money Market Accounts

When your goal is to get your money to work for you, a Tiered Money Market Account is the way to go! With a TIMM account, the more you save the more you earn

  • Interest paid on balances over $2,500!
  • Able to make up to 6 withdrawals per month – FREE

Tiered Interest Money Market Rates
Effective Date: Tuesday, June 19th, 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.


New! Momentum Money Market

If you hold a high balance in a traditional savings account or even some checking accounts, your money may not be building as much momentum as it could be. With our Momentum Money Market option, you'll receive higher interest rates for larger balances, plus enjoy the convenience, security and simplicity of a regular savings. 

  • Minimum balance $5,000*
  • Interest paid on balances over $5,000! Plus the higher the balance, the higher the interest rate. 
  • Able to make up to 6 withdrawals per month- FREE!

Momentum Money Market Rates
Effective Date: Tuesday, June 19th, 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.


Need Help?

We want to make it as easy as possible to start earning and stop worrying. 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.