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

Savings Rates

Savings Accounts
Effective Date: Saturday, April 29th, 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%
Health Savings (HSA) 0.25% 0.25%

Share, Traditional IRA, Roth IRA, & Coverdell Education Savings Account Certificates
Effective Date: Saturday, April 29th, 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 0.95% 0.95%
60 months $500.00 1.15% 1.16%
12 month add on $50.00 0.25% 0.25%
12 month H.S.A. $500.00 0.25% 0.25%
12 month Save to Win** $25.00 0.25% 0.25%

12 month special+

$500.00 1.193% 1.20%

12 month relationship special++

$500.00 1.391% 1.40%

55 month special+

$500.00 2.178% 2.20%

55 month relationship special++

$500.00 2.374% 2.40%
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.
++Minimum (1) direct deposit per month is required to receive above stated rates. For business accounts, active checking (8+ debit card transactions per month) is required. CD special is not eligible for rate protector. Youth accounts excluded.

Tiered Interest Money Market (TIMM)
Effective Date: Saturday, April 29th, 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: Saturday, April 29th, 2017
Interest RateAPY*
0.20% 0.20%

Benefits Checking
Effective Date: Saturday, April 29th, 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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