Featured Savings Rates
Featured Accounts

Honor Bank

Popular Accounts at this Bank

APYACCOUNT TYPEACCOUNT NAME
2.01%Reward CheckingKasasa Cash
1.75%5-year CD60 Month CD
0.50%1-year CD12 Month CD

Overview / Commentary
231-639-1701
2254 Henry Street
Honor, MI 49640

Honor Bank is headquartered in Honor and is the 57th largest bank in the state of Michigan. It is also the 2,683rd largest bank in the nation. It was established in 1917 and as of September of 2017, it had grown to 71 employees at 9 locations. Honor Bank's money market rates are 70% higher than the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #8165
Year Established1917
Employees71
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.68%
Return on Equity - YTD7.69%
Annual Interest Income$6.9MM
Assets and Liabilities
AssetsQ3 2017vs Q3 2016$230.1MM$207.5MM
LoansQ3 2017vs Q3 2016$176.5MM$157.3MM
DepositsQ3 2017vs Q3 2016$201.2MM$182.9MM
Equity CapitalQ3 2017vs Q3 2016$19.7MM$18.8MM
Loan Loss AllowanceQ3 2017vs Q3 2016$2.0MM$1.7MM
Unbacked Noncurrent LoansQ3 2017vs Q3 2016$956.00K$1.1MM
Real Estate OwnedQ3 2017vs Q3 2016$907.00K$1.2MM
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Honor Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$1m*-Tiered Rate Business Savings
OTHER TIERS: 0.03% Up to $2,500 | 0.05% $2,500 - $10k | 0.08% $10k - $50k | 0.11% $50k - $150k | 0.16% $150k - $500k | 0.21% $500k - $1mm
0.03%--Personal Savings

Honor Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%*$500k*-Super Money Market
OTHER TIERS: 0.10% Up to $25k | 0.35% $25k - $50k | 0.45% $50k - $100k | 0.55% $100k - $250k | 0.65% $250k - $500k
0.35%*$150k*-Money Market
OTHER TIERS: 0.10% Up to $10k | 0.25% $10k - $150k

Honor Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.01%*-$10kKasasa Cash
OTHER TIERS: 0.26% $10k+
0.21%*$150k*-High Performance Checking - with direct deposit
OTHER TIERS: 0.03% Up to $2,500 | 0.08% $2,500 - $10k | 0.16% $10k - $150k
0.16%*$150k*-High Performance Checking - without direct deposit
OTHER TIERS: 0.03% Up to $2,500 | 0.05% $2,500 - $10k | 0.08% $10k - $50k | 0.11% $50k - $150k
0.03%--NOW Account Checking
0.03%--Prime Time Interest Checking

Honor Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$10k*-60 Month CD
OTHER TIERS: 0.95% $500 - $10k
1.50%*$10k*-42 Month CD
OTHER TIERS: 0.85% $500 - $10k
1.25%*$10k*-30 Month CD
OTHER TIERS: 0.41% $500 - $10k
0.90%*$10k*-24 Month CD
OTHER TIERS: 0.37% $500 - $10k
0.75%*$10k*-18 Month CD
OTHER TIERS: 0.35% $500 - $10k
0.50%*$10k*-12 Month CD
OTHER TIERS: 0.29% $1k - $10k
0.20%*$10k*-182 Day CD
OTHER TIERS: 0.16% $2,500 - $10k
0.11%$2,500-91 Day CD
0.03%$2,500-31 Day CD

Honor Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$10k*-60 Month IRA
OTHER TIERS: 0.95% $500 - $10k
1.50%*$10k*-42 Month IRA
OTHER TIERS: 0.85% $500 - $10k
1.25%*$10k*-30 Month IRA
OTHER TIERS: 0.41% $500 - $10k
0.90%*$10k*-24 Month IRA
OTHER TIERS: 0.37% $500 - $10k
0.75%*$10k*-18 Month IRA
OTHER TIERS: 0.35% $500 - $10k
0.50%*$10k*-12 Month IRA
OTHER TIERS: 0.29% $1k - $10k
Locations


Honor Bank Locations
Garfield Avenue Branch1112 South Garfield AvenueTraverse City, MI 49686
Buckley Branch117 East Wexford AvenueBuckley, MI 49620
Bear Lake Branch11926 Chippewa HighwayBear Lake, MI 49614
Benzonia Branch1720 Benzie HighwayBenzonia Township, MI 49616
Copemish Branch18075 Cadillac HighwayCopemish, MI 49625
Honor Bank2254 Henry StreetHonor, MI 49640
Traverse City Branch3500 Marketplace Circle, Suite CTraverse City, MI 49684
Lake Ann BranchMaple Avenue and Second StreetLake Ann Village, MI 49650