Business Savings Accounts
From everyday savings to long-term investments, Honor offers flexible options to help your business reach its financial goals. Open a business savings account that’s designed to support your success today and tomorrow.
Build Your Business Savings
No matter where your business is today, having the right savings strategy can help you prepare for opportunities, manage unexpected expenses, and plan for what’s next. Explore our business savings options to find the account that fits your goals.
- Start with Business Membership Savings
- Grow Your Cash with a business Money Market
- Earn More with a Business Certificate of Deposit
- Support Your Team with Health Savings Accounts
Savings Account Options
Business Membership Savings
Grow your business’s savings with a traditional account that provides easy access to funds and up to six free withdrawals per month.
- Free online banking and e-Statements
- Free transfers to other Honor accounts
- Transparent account terms with convenient access to your money anywhere 24/7
- Insured by NCUA up to $250,000
Speak with a Community Development Officer to get started
Business Money Markets
A smart way to earn more on your business savings while keeping your funds accessible when you need them.
- Choose the Money Market account that fits your business best
- Put every dollar to work by earning interest on any positive balance
- No minimum balance or monthly maintenance fees
- Earn more as your business savings grow
Speak with a Community Development Officer to get started
Business Certificate of Deposit
Grow your business savings with a business Certificate of Deposit (CD) featuring competitive rates and a variety of term options.
- Variety of terms to match your business savings goals
- Fixed rates on all Certificates, with an option to bump your rate one time during the term of your certificate
- No monthly fees
- Earn higher interest rates on longer term certificates
Speak with a Community Development Officer to get started
Health Savings Account (HSA)
Offer an increased benefit to your employees while keeping your overall health care costs lower. A type of pre-tax savings account, HSA’s let your employees set aside pre-tax money to pay for qualified medical expenses.
- Interest-bearing account
- Funds roll over each year and grown until retirement
- Free HSA debit card with no annual fee
- Earnings are tax-free when used for qualified medical expenses (consult your tax advisor)
- Great not only for the business owner, but also for your employees
Speak with a Community Development Officer to get started
Local Businesses, Real Relationships
Local Businesses, Real Relationships
“We recently opened some CDs with Honor Credit Union after receiving unexpected donations. While we prepare for our next exhibit hall, those funds are earning interest and supporting the museum in the meantime.”
-Battle Creek Regional History Museum
Battle Creek, MI
“The interest rates we earn are significantly better than what we had before. We’re now earning interest on accounts that never did before, including our resident account. Across all of our accounts, the return is stronger, which made a compelling case to move to Honor.”
-Kambly Living Center
Battle Creek, MI
“As a nonprofit, every penny counts. Having a money market that earns interest helps us make more of every dollar donated and put those funds back into our mission.”
-Holy Grounds Meeting Place
Kalamazoo, MI
Business Savings Rates
Business Savings Account Rates
| Type | Interest Rate | APY* |
|---|---|---|
| Share Savings (for balances on $5.00 or more) | 0.01% | 0.01% |
| Health Savings (HSA) | 0.25% | 0.25% |
| Rates accurate as of Aug 07, 2026 |
*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.
Business Amplify Money Market Rate
| Amnt | Base Rate | Base APY* | Bonus Rate | Bonus APY** |
|---|---|---|---|---|
| $0.01 and up | 0.25% | 0.25% | 2.11% | 2.36% |
| Rates accurate as of Aug 07, 2026 |
*APY = Annual Percentage Yield. Rates accurate as of 5/4/26. $0.01 minimum deposit required to earn the base dividend of 0.25% APY. An additional bonus dividend of 2.11% APY requires at least 1 cleared credit card transaction per month on a Business Credit Card account AND at least 1 cleared signature-based or PIN-based point of sale (POS) debit transaction per month (PIN-based ATM transactions not eligible) on a Free Business Checking, Business Advantage Checking or Accelerate Business Checking account – please note that Honor posts transactions based on how they are received from merchants. Accounts meeting both of the qualifying requirements will earn a total dividend of 2.36% APY. Rates are variable and subject to change without notice. Insured by NCUA.
Business Momentum Money Market Rates
| Amount | Interest Rate | APY* |
|---|---|---|
| $0.01 - $24,999.99 | 0.30% | 0.30% |
| $25,000.00 - $99,999.99 | 0.450% | 0.45% |
| $100,000.00 - $249,999.99 | 0.750% | 0.75% |
| $250,000.00 - $499,999.99 | 0.99% | 1.00% |
| $500,000.00 - $999,999.99 | 1.24% | 1.25% |
| $1,000,000.00 - $1,999,999.99 | 1.49% | 1.50% |
| $2,000,000.00 - $10,000,000 | 1.78% | 1.80% |
| Rates accurate as of Aug 07, 2026 |
*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.
Rate Protector, IRA, Roth IRA, HSA, Coverdell Education Certificate Rates
Minimum opening deposit for all Certificates is $50.00 unless otherwise noted below.
| Term | Interest Rate | APY* |
|---|---|---|
| 3 months 1 | 0.499% | 0.500% |
| 6 months 1 | 1.243% | 1.250% |
| 8-month special2 | 3.873% | 3.94% |
| 9 months1 | 1.243% | 1.250% |
| 12 months1 | 1.490% | 1.500% |
| 18 months1 | 1.490% | 1.500% |
| 24 months1 | 1.588% | 1.600% |
| 30 months1 | 1.588% | 1.600% |
| 36 months1 | 1.933% | 1.950% |
| 48 months1 | 2.031% | 2.050% |
| 60 months1 | 2.129% | 2.150% |
| 12 month add-on3 | 1.490% | 1.500% |
| 12 month add-on HSA4 | 1.490% | 1.500% |
| Rates accurate as of Aug 07, 2026 |
All youth under the age of 18 will receive an additional 0.25% APY to the stated rates unless otherwise noted. A penalty fee may be imposed if you withdrawal funds prior to the maturity date. Insured by NCUA.
*APY= Annual Percentage Yield.
1 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.
2 8-MONTH CD SPECIAL. Not applicable for Public Funds. To receive the above stated 8-month CD Special at 3.94% APY, a minimum opening balance of $1,000 is required. CD is not eligible for rate protector benefit, a one-time rate bump over the course of the term. Early withdrawal penalty for 8-month CD special term is 90 days of interest. Fees could reduce earnings. The 8-month CD Special will renew at the standard 9-month CD terms upon maturity.
3 12 month add-on not eligible for additional 0.25% APY youth rate bump or rate protector adjustment. 12-month add-on CD not eligible for IRA CD’s. HSA CD only available on the 12-month add-on CD rate and term. Contact a member service representative to open an HSA CD.
4 Health Savings Accounts (HSA) may be subject to limitations and/or penalties imposed by the Internal Revenue Service. It is your responsibility to ensure the contributions, distributions, and other actions
related to your HSA, comply with the law, including federal tax law. Please see your HSA agreement or your tax advisor for additional information. Insured by NCUA.
Meet Your Local Experts
At Honor Credit Union, business banking means relationships. You’ll have access to local experts who understand your market and are ready to help as your business grows. You’ll work with real people who care about your success.
Meet Your Local Experts
At Honor Credit Union, business banking means relationships. You’ll have access to local experts who understand your market and are ready to help as your business grows. You’ll work with real people who care about your success.