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Honor Credit Union Go to main content
Rates at Honor Credit Union

Savings Rates

Savings Accounts
Effective Date: Friday, February 24th, 2017
TypeInterest RateAPY*
Share Savings
(for balances on $5.00 or more)
0.05% 0.05%
Christmas Savings 0.05% 0.05%
Vacation Savings 0.05% 0.05%

Share, Traditional IRA, Roth IRA, & Coverdell Education Savings Account Certificates
Effective Date: Friday, February 24th, 2017
TermMinimum Opening DepositInterest RateAPY*
3 months $500.00 0.10% 0.10%
6 months $500.00 0.20% 0.20%
12 months $500.00 0.25% 0.25%
18 months $500.00 0.30% 0.30%
24 months $500.00 0.40% 0.40%
30 months $500.00 0.50% 0.50%
36 months $500.00 0.75% 0.75%
48 months $500.00 1.00% 1.01%
60 months $500.00 1.25% 1.26%
12 month add on $50.00 0.25% 0.25%
12 month Save to Win** $25.00 0.25% 0.25%

12 month special+

$500.00 0.896% 0.90%

12 month relationship special++

$500.00 1.095% 1.10%

55 month special+

$500.00 1.736% 1.75%

55 month relationship special++

$500.00 1.933% 1.95%
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.

Youth enrolled in KDZ and YAC Clubs will receive an additional 0.25% APY to the stated rates.
A penalty fee may be imposed if you withdrawal funds prior to the maturity date.
**Must be at least eighteen (18) years old, a legal resident of the State of Michigan and a member in good standing. Save to Win CDs not eligible for Rate Protector.

+No relationship requirement. CD special is not eligible for rate protector or youth rate bump.

++Active checking (more than 8 debit card transactions per month) is required to receive above stated rates. CD special is not eligible for rate protector or youth rate bump.

Tiered Interest Money Market (TIMM)
Effective Date: Friday, February 24th, 2017
Minimum BalanceInterest RateAPY*
$2,500.00 0.10% 0.10%
$10,000.00 0.15% 0.15%
$25,000.00 0.20% 0.20%
$50,000.00 0.25% 0.25%
$100,000.00 0.30% 0.30%
$250,000.00 0.35% 0.35%

Traditional IRA, Roth IRA, Coverdell Education Savings Account
Effective Date: Friday, February 24th, 2017
Interest RateAPY*
0.20% 0.20%

Benefits Checking
Effective Date: Friday, February 24th, 2017
AmountAPY*
$0.01-$10,000.00 2.50%
*Dividend calculation based on 30.41 days per month and 365 days per year. $25 minimum deposit required. 2.5% APY earned on balances of up to $10,000.00. ATM foreign surcharge fees will be refunded monthly up to $20/month. Requires e-Statements, Direct Deposit, at least 12 debit card transactions that clear your account as signature-based debit transactions per month (note that Honor posts transactions based on how they are received from merchants) and minimum 1 monthly online banking login to earn 2.5% APY. Members not meeting requirements will not earn ATM foreign surcharge fee refunds. No free checks offered on this account. One account per Member. Annual Percentage Yield (APY) as of 01/01/17; Rate is variable and may change after account is opened. Federally insured by NCUA.

*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.

 

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