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Savings Accounts

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 Rates
More Ways
To Save Money
Request An
Instant Deposit

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

Type Interest Rate APY*
Share Savings(for balances on $5.00 or more) 0.01% 0.01%
Christmas Savings 0.01% 0.01%
Vacation Savings 0.01% 0.01%
Health Savings (HSA) 0.25% 0.25%
Rates accurate as of Jun 16, 2024
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

Use our calculator to help you determine how much interest you could earn with an Honor savings account.

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

Certificate Of Deposit

Individual Retirement Account (IRA)

*APY= Annual Percentage Yield. ^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.

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

a screenshot of online banking on a desktop computer view showing how to access funds early from a pending ACH deposit

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

a screenshot of online banking on a desktop computer view showing how to choose which account to pull a fee from to access funds early from a pending ACH deposit

  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 showing the ach transactions available to be posted immediately

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

screenshot explaining the fee involved with posting an ach transaction immediately and asking which account to pull the fee from


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.

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.

Zero Down Payment Offer

To make the process as simple as possible with our Zero Down Payment mortgage offer, we encourage you to speak with a mortgage expert so they can explain the requirements and guide you through the process!

Find An Expert Near You

Need Help? Contact us at 800.442.2800 and we will help you get started with the application process.