Business Money Markets
With a free money market account, your business can enjoy a higher rate of interest than a standard shares savings account. You have more flexibility than a certificate of deposit because you can make unlimited deposits and withdrawals. Open an Honor Business Money Market account in-person or over the phone.
High Yield Business Savings Account
Compare
Accounts
Amplify
Money Market
Momentum
Money Market
Compare Business Money Markets
Amplify
Money Market
- Earn up to 3.00% APY* on ALL balances after meeting a few easy requirements!**
- Free account with no monthly fees
- Unlimited deposits and withdrawals
- No interest tiers based on account balance
Momentum
Money Market
- Free account with no monthly fees
- Unlimited deposits and withdrawals
- An option to consider for long-term savers who still want access to their funds
Earns Highest Interest Rate*
Ideal For Members Who Use Honor Cards
Starts Earning Interest With a $0.01 Balance
Free Account With No Monthly Fees
Unlimited Deposits & Withdrawals
Amplify Money Market Account
Advantages
- You can earn up to 3.00% APY* on ALL balances after meeting a few easy requirements!**
- Amplify Money Market accounts that are opened with an initial deposit of at least $0.01 will receive the base rate of 0.25%
- Members can then meet a few simple requirements to receive an additional bonus 2.75% APY**
- No minimum balance fees
Business Amplify Money Market Rate
| Amnt | Base Rate | Base APY* | Bonus Rate | Bonus APY** |
|---|---|---|---|---|
| $0.01 and up | 0.25% | 0.25% | 2.96% | 3.00% |
| Rates accurate as of Nov 21, 2024 | ||||
| *APY = Annual Percentage Yield. Rates accurate as of 1/1/24. $0.01 minimum deposit required to earn the base dividend of 0.25% APY. **An additional bonus dividend of 2.75% APY requires at least 1 cleared credit card transaction per month on a Business Credit Card account AND at least 1 cleared signature-based debit card transaction(s) per month on a Free Business Checking, Accelerate Business Checking, or Business Advantage 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 3.00% APY. Rates are variable and subject to change without notice. Insured by NCUA. | ||||
**Easy Bonus Requirements
To earn the extra interest simply meet the easy requirement below.
Open an Account*
Open a Business Amplify Money Market account with at least $0.01.
Swipe Your Cards
Use your Honor business debit card AND business credit card once per month.
Earn 3.00% APY!*
It's that easy. Just open an account and use your Honor cards!
Momentum Money Market Account
Advantages
- As your balance increases to a new tier so does your interest rate
- A good option for members with a little extra money to deposit
- No minimum balance fee
- Ideal for long term savers who are considering a CD, but might need access to those funds before the CD matures
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 Nov 21, 2024 | ||
| *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 Debit & Credit Cards
To maximize your business’s savings, pair an Amplify Money Market with a Business Credit Card and a Business Checking Account debit card. Our business debit and credit cards can easily be added to the digital wallet on your phone to make business purchases easier.
Business Credit Card
Business Debit Card
Business Money Market FAQs
Rates are subject to change at any time. Please refer to the rates tables on this page for the most up to date interest rates.
An Amplify Money Market is a relationship-based, high-interest money market savings account. You earn a base rate and then earn a bonus rate simply by using your Honor credit and debit cards once per month.
MORE INFO: Click here to visit our blog and read to learn what a money market is
There are no monthly or minimum balance fees on the Amplify account. All you need is $1 to open an Amplify account and start earning interest.
- A Surge Money Market account is considered a reverse money market account. When your balance exceeds $2,500 the interest rate you earn begins to lower.
- With an Amplify account, you earn the same 0.50% APY* base interest rate, and additional 1.50% relationship bonus rate by swiping your Honor debit and credit cards no matter your balance. There is no cap on interest earned.
Other Business Savings Options
Certificate of Deposit (CD)
A certificate of deposit (CD) is an easy way to earn a return on your deposited funds with a wide range of terms to choose from.
Accelerate Checking
Earn 1.00% APY* on balances up to $100,000 and enjoy no minimum balance or annual fees with free auto transfers, bill pay, and more!
Business Savings Account
Start with a basic savings account to establish a safe place to build your business’s savings and enjoy free online banking and much more!
