Rates effective October 1, 2026. APY = Annual Percentage Yield. Accounts are available to Michigan businesses, organizations, and public entities. Deposit accounts are insured up to $250,000 per depositor, for each account ownership category. See your account agreement for more information.
Contact your local Honor Banker today to open a new account.
| Ascend Business Checking1 – $100 minimum to open, $35 monthly fee, waived with $50,000 average daily balance OR a Full Relationship | APY |
| TIER | |
| $0-$24,999.99 | 0.05% APY |
| $25,000-$99,999.99 | 0.10% APY |
| $100,000-$249,999.99 | 0.15% APY |
| $250,000-$999,999.99 | 0.20% APY |
| Steward Business Checking2 – Nonprofit Account– $100 minimum to open, $20 monthly fee, waived with $25,000 average daily balance or $40,000 combined deposit relationship | APY |
| TIER | |
| $0-$24,999.99 | 0.05% APY |
| $25,000-$99,999.99 | 0.10% APY |
| $100,000-$249,999.99 | 0.15% APY |
| $250,000-$999,999.99 | 0.20% APY |
| Secure Checking3 – Public Funds – $100 minimum to open, $20 monthly fee, waived with $50,000 average daily balance or $100,000 combined deposit relationship | APY |
| TIER | |
| $0-$49,999.99 | 0.15% APY |
| $50,000-$249,999.99 | 0.30% APY |
| $250,000-$999,999.99 | 0.40% APY |
| $1,000,000 and over | 0.50% APY |
| Bayfront Money Market4 – $5,000 minimum · 51% new money | APY |
| TIER | |
| $0-$24,999.99 | 0.30% APY |
| $25,000-$99,999.99 | 2.40% APY |
| $100,000-$249,999.99 | 2.80% APY |
| $250,000-$999,999.99 | 3.05% APY |
| $1,000,000 and over | 3.30% APY |
| Little Traverse Savings5 – $5,000 minimum · New money only | APY |
| TIER | |
| $0-$9,999.99 | 0.30% APY |
| $10,000-$99,999.99 | 2.50% APY |
| $100,000-$249,999.99 | 3.50% APY |
| $250,000-$999,999.99 | 3.75% APY |
| $1,000,000 and over | 4.00% APY |
A “Full Relationship” is met when a business maintains both (1) at least $25,000 in combined average daily balances across eligible Honor Bank business deposit accounts and (2) active use of at least two Honor treasury services, such as ACH Origination, Remote Deposit Capture, Merchant Services, or Positive Pay. Loans, personal deposits, and trust balances do not qualify.
A “Combined Deposit Relationship” means the total average daily balance across eligible Honor Bank business deposit accounts under the same business tax ID. Eligible accounts include business checking, business savings, and business money market balances. Personal accounts, CDs, and trust accounts are excluded.
Ascend Business Checking
1Rates are variable and subject to change at any time without notice. $100 minimum opening deposit. To obtain the APY for a balance tier, the account must maintain the minimum balance for that tier. A $35.00 monthly maintenance fee applies, waived with a $50,000 average daily balance or a Full Relationship. Fees could reduce the earnings on the account.
Steward Checking
2Rates are variable and subject to change at any time without notice. $100 minimum opening deposit. To obtain the APY for a balance tier, the account must maintain the minimum balance for that tier. A $20.00 monthly maintenance fee applies, waived with a $25,000 average daily balance or a $40,000 Combined Deposit Relationship. Fees could reduce the earnings on the account.
Secure Checking
3Rates are variable and subject to change at any time without notice. $100 minimum opening deposit. To obtain the APY for a balance tier, the account must maintain the minimum balance for that tier. A $20.00 monthly maintenance fee applies, waived with a $50,000 average daily balance or a $100,000 Combined Deposit Relationship. Fees could reduce the earnings on the account.
Bayfront Money Market
4Rates are variable and subject to change at any time without notice. New accounts must be funded with at least 51% new money. $5,000 minimum opening deposit. To obtain the APY for a balance tier, the account must maintain the minimum balance for that tier; the tier rate applies to the entire account balance. A $5,000 minimum balance is required to avoid a $25.00 monthly maintenance fee. A $4.00 monthly paper statement fee applies and is waived with enrollment in eStatements. Other limits may apply to your account. Fees could reduce the earnings on the account.
Little Traverse Savings
5Rates are variable and subject to change at any time without notice. New money only — new accounts may not be funded with existing Honor Bank funds. $5,000 minimum opening deposit. To obtain the APY for a balance tier, the account must maintain the minimum balance for that tier; the tier rate applies to the entire account balance. A $100 minimum balance is required to avoid a $5.00 monthly maintenance fee. Fees could reduce the earnings on the account.