Reach Your Savings Goals

There are many ways you can reach your savings goal other than dropping coins in your cute piggy bank or stashing cash under your mattress.  We offer a wide variety of savings accounts for you to choose from, and the best part is they all earn monthly interest! You can access your savings anytime within online banking or on the Honor mobile app. Save Smarter with a credit union savings account.

Savings Account Options

Member Shares Account

  • 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.

Saving For A Goal

  •  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.

Youth Savings Account

  • No minimum balance fees.
  • Ideal for newborns up to high school students learning how to manage their money.
  • Honor’s Student Credit Union program promotes responsible money management at an early age.

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.

*An Honor team member can help you open an HSA account

Current savings Rates

Savings Account Rates

TypeInterest RateAPY*
Share Savings(for balances on $5.00 or more)0.01%0.01%
Christmas Savings0.01%0.01%
Vacation Savings0.01%0.01%
Health Savings (HSA)0.25%0.25%
Rates accurate as of Jan 21, 2022
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.

Interest Calculator

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! 


An instant deposit³ is defined as early access to a direct deposit that is scheduled to post to your account. An instant deposit is a way for you to gain access to your funds sooner.

How To Request An Instant Deposit

You can request an instant deposit within your online banking, in the Honor app, or by calling 800.442.2800. Follow the steps below for online banking and the mobile app.

  1. Log in to online banking
  2. In the My Accounts tab select ACH Transactions
  3. Select the ACH transaction you wish to instantly deposit and click Post Now

screenshot image of honor credit union online banking showing how to request an instant deposit of an ach transaction

4. Confirm your instant deposit request and select an account to have the $10 fee drawn from

screenshot image of honor credit union online banking showing how to request an instant deposit of an ach transaction

  1. Log in to the Honor mobile app
  2. Tap Accounts on the bottom menu, and then tap My Accounts
  3. Tap ACH Transactions
  4. Select the ACH transaction you wish to instantly deposit and tap Post Now

screenshot of the honor mobile app showing how to request an instant deposit

5. Confirm your instant deposit request and select an account to have the $10 fee drawn from

screenshot of the honor mobile app showing how to request an instant deposit


³$10 fee per instant deposit to gain early access to funds. No checking account required. Direct Deposit and earlier availability of funds are subject to the timing of payer’s funding, and credit union approval. Honor Credit Union cannot guarantee a payer’s funds will be available for instant deposit. Requests per each Direct Deposit must be made within online banking or by contacting the credit union. Insured By NCUA.

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

Surge Money Market

  • No minimum balance fee
  • Start earning interest on a balance of $1
  •  Ideal for short-term savings goals, like a down payment on a vehicle

Momentum Money Market

  • As your balance increases, so does your interest rate
  • Ideal for long-term savers. If you’re considering a certificate of deposit, but still want access to the funds, a money market might be better

Certificate Of Deposit

  • Open a CD with as little as $50
  • Most CDs earn higher interest rates than regular savings accounts, and rates are locked in for the length of the CD
  • Terms range from 3 to 60 months to fit your needs
  • Ideal for anyone with extra money they don’t need right away, such as adults saving for retirement, teenagers saving for college, or parents starting a savings fund for their children

Individual Retirement Account (IRA)

  • Traditional IRA – Contributions may be tax deductible depending on your circumstances*
  • Roth IRA – Contributions are not tax deductible, but your earnings are generally tax-free, and stay tax-free when you withdraw them*
  • Coverdell IRA – A form of college savings account. Contributions are not tax-deductible.* Distributions remain tax-free as long as they’re used for qualified education expenses

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

How To Open An IRA

To open an IRA account simply give us a call at 800.442.2800, or stop by a local member center.

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 member center, or call us at 800.442.2800 for more details.

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.