Business Savings

Solutions to Help Your Business Save money

If you’re looking for a safe place to put your business’s hard-earned money, whether it’s for a future expansion project or you’re just trying to save every penny in case unexpected expenses come up, Honor Credit Union has an account for you.  From money markets to certificate of deposits with competitive rates, check out our account options and let us help you start saving today. Click one of the products below to learn more about them.

Get Started

One of our local business experts will help you from start to finish.

Membership Savings

A business savings account is a safe place to build your business’s savings with easy access and up to 6 free withdrawals per month. Save Smarter by saving with Honor.

Business Share Savings AccountsEffective Date: Oct 20, 2021
TypeInterest RateAPY*
Share Savings(for balances on $5.00 or more)0.01%0.01%
Health Savings (HSA)0.25%0.25%
*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.

Money Market

A money market account is a great way for your business to earn a little extra interest on that money you’re already saving. 


One advantage of a money market account is after you make your initial deposit you still have access to the funds. Money markets are idea for business owners who need access to their funds, but are determined to save money.

Business Momentum Money Market Rates Effective Date: Oct 20, 2021
Interest RateInterest RateAPY*
$2,500.00 - $9,999.990.050%0.05%
$10,000.00 - $24,999.990.100%0.10%
$25,000.00 - $49,999.990.100%0.10%
$50,000.00 - $99,999.990.200%0.20%
$100,000.00 - $249,999.990.250%0.25%
$250,000.00 - $1,000,000.000.300%0.30%
*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.

*$10 fee for each electronic withdrawal after six. Members can make unlimited withdrawals in person at a member center.

Certificate of Deposit

Certificates of deposit (CDs) are a popular and easy way for your business to save some money and Honor has made it as easy as can be. We offer a wide range of terms and competitive rates for our members. Watch your business’ savings grow with an Honor certificate of deposit.

photo of a woman standing at a work table looking at a laptop

Health Savings Account

Health savings accounts (HSA’s) are a great way to 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.


Business Savings FAQs

Yes! We can help you set up these accounts for your employees.  We can even come to your business to help employees open these accounts. Please contact one of our business team members to get started.

Yes. You can have up to two Momentum accounts.

CD laddering is a common occurrence with opening certificates of deposit. You take your lump sum of money and divide it up between multiple CD’s with a variety of term lengths. This allows you to still earn higher rates of interest, but also to have the flexibility and access to your funds as they renew at different times.

Yes. You can download a QBO file to use. However, we recommend you check out our Autobooks tool. It’s a simple tool that integrates with your Online Banking, so you can keep everything organized in one place.