Savings Accounts
Saving money doesn’t have to mean filling up a piggy bank or hiding cash under your mattress. At Honor, we have a variety of savings account options to help you reach your goals, and the best part is they all earn interest every month. You can check your balance or move your money anytime through online banking or the mobile app. Saving smarter starts here.
Free High Yield Savings Accounts
No complicated rules, no surprise fees—just easy, everyday saving that actually adds up.
Savings Options to Fit Every Goal
Become a Member at Honor
- Every Honor member starts with a FREE Shares savings account.
- Earn interest on the money you save!
- Your Shares savings account gives you a voice as a shareholding member.
- Open a checking account and receive a $250 Bonus^.
^$250 bonus available when eligibility requirements are met. Minimum opening deposit of $25. Terms and conditions apply. Insured by NCUA.
Shares Saving Account
- Open a savings account for a future goal, or an upcoming life event, like Christmas shopping, or a dream vacation.
- Set automatic transfers to your special account so you don’t forget.
Schedule a branch, phone, or video appointment or log in to online or mobile banking to get started.
Youth Savings Account
- No minimum balance fees.
- Ideal for newborns up to high school students learning how to manage their money.
Schedule a branch, phone, or video appointment with a parent or legal guardian to get started.
Health Savings Account
- HSA’s allow you to save money for qualified health-related expenses.
- Contributions to your HSA are not taxed.**
- You must be enrolled, or have been enrolled, in a High Deductible Health Plan to use an HSA. An HSA can include a checking account and certificate of deposit.
Schedule an appointment at your local branch to get started.
Current Savings Rates
Savings Account Rates
| Type | Interest Rate | APY* |
|---|---|---|
| Share Savings (for balances on $5.00 or more) | 0.01% | 0.01% |
| Christmas Savings | 0.01% | 0.01% |
| Vacation Savings | 0.01% | 0.01% |
| Health Savings (HSA) | 0.25% | 0.25% |
| Rates accurate as of Aug 28, 2025 |
All youth under the age of 18 will receive an additional 0.25% APY to the stated rates unless otherwise noted.
*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.
Savings Account Interest Calculator
Use our calculator to help you determine how much interest you could earn with an Honor savings account.
More Ways to Save Money
We know everyone has different reasons to save money, so along with our standard shares savings accounts, we offer other free options for short term and long term savers. Check out our money market options, certificates of deposit, and IRA accounts.
Money Market
Accounts
Whether you are just starting to save, planning for the future, or growing extra cash, our money market options make it simple with no monthly fees and competitive earnings.
Certificate
Of Deposit
Want to grow your savings with confidence? With just $50, you can open a CD that locks in a great rate for a term that fits your needs, making it a smart option for savers of all ages.
Individual Retirement Account (IRA)
Saving for retirement or education? Our IRA options offer tax advantages to help your money go further. Check with your tax advisor to find the best fit.
Instant Deposit
You can now start getting your paycheck before payday with Honor’s Instant Deposit feature! As soon as you see your direct deposit pending within online banking, or on the mobile app, you can access those funds!
Details
- No checking account required
- Many employers post direct deposit funds 1-2 days early
- $10 early access fee per instant deposit
- No fee for a normal ACH direct deposit
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.
Frequently Asked Savings Questions
In many ways, this is like your typical savings account. You deposit money and get interest on your balance. Unlike other financial institutions, you keep your ownership of this money and it makes you a shareholder in Honor Credit Union – giving you a vote at our credit union elections.
A special shares account gives you the ability to save money for a variety of reasons. We have Vacation shares, Christmas shares and Special shares, which you can nickname whatever you choose. An advantage of opening a special secondary shares account is you can set up automatic transfers to help you reach your savings goals faster!
There is a monthly minimum balance fee of $5.00 if the membership shares balance falls below $200. This fee is waived if the member has a checking account or loan with Honor.
Yes! While each member can have only one main Shares Account, you can add sub accounts. Honor members can have up to two Vacation Shares accounts and up to four Special Shares accounts.
Members 65 and older can receive special benefits! Stop by a local branch, or call us at 800.442.2800 for more details.
