Certificates of Deposit
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Want to save money long term? Certificates of Deposit offer higher interest rates in exchange for leaving money untouched for any period of time, from 31 days to 5 years.
- Better returns than most savings accounts
- Fixed rates
- Various terms available
- Penalty for early withdrawal
- FDIC insured
SPECIALS!
7 month CD 5.05% APY*
13 month CD 4.90% APY*
17 month CD 3.25% APY*
Contact your local Honor Banker today to take advantage of our CD specials!
*Certificate of Deposit available only for accounts up to $250,000 per household to customers in Benzie, Grand Traverse, Leelanau, Manistee, Wexford, Emmet, Charlevoix, Cheboygan and Otsego Counties. The annual percentage yield is effective May 21, 2024, and requires a $10,000 minimum opening balance to obtain the stated APY. Deposit accounts FDIC insured up to $250,000. Retirement accounts FDIC insured separately up to $250,000. 13-month and 17-month CD interest is paid quarterly. 7-month CD pays interest at maturity. 7-month CD converts to 12-month CD at maturity. 13-month CD converts to a 12-month CD at maturity. 17-month CD converts to an 18-month CD at maturity. A penalty may be imposed for early withdrawals. To obtain the stated APY, minimum balance requirements must be met. Fees could reduce the earnings on accounts.