Honor Bank

Popular Accounts at this Bank

APY	ACCOUNT TYPE	ACCOUNT NAME
2.01%	Reward Checking	Kasasa Cash 1.92% - National Average
1.95%	5-year CD	60 Month CD 2.50% - Ally Bank High Yield 5 Year CD
0.75%	1-year CD	12 Month CD 2.10% - Goldman Sachs Bank USA High-yield 12 Month CD

View all Honor Bank rates »

Overview / Commentary

www.myhonorbank.com

231-639-1701

2254 Henry Street
Honor, MI 49640

Honor Bank is headquartered in Honor and is the 57^th largest bank in the state of Michigan. It is also the 2,702^nd largest bank in the nation. It was established in 1917 and as of December of 2017, it had grown to 71 employees at 9 locations. Honor Bank's money market rates are 82% higher than the national average, and it has an A health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

A

Data as of Q4 2017

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	8165
Year Established	1917
Employees	71
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.65%
Return on Equity - YTD	7.28%
Annual Interest Income	$9.3MM

Assets and Liabilities
Assets	Q4 2017vs Q4 2016	$227.0MM$206.9MM
Loans	Q4 2017vs Q4 2016	$178.3MM$167.3MM
Deposits	Q4 2017vs Q4 2016	$198.4MM$182.2MM
Equity Capital	Q4 2017vs Q4 2016	$19.8MM$19.0MM
Loan Loss Allowance	Q4 2017vs Q4 2016	$1.9MM$1.7MM
Unbacked Noncurrent Loans	Q4 2017vs Q4 2016	$943.00K$252.00K
Real Estate Owned	Q4 2017vs Q4 2016	$835.00K$1.2MM

Rates

Skip to rates for:

Savings
Money Market
Checking
CD
IRA

Report an Issue

Always verify rates and promotions with the bank or credit union. We are not Honor Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Honor Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.53%^*	$1m^*	-	Tiered Rate Business Savings
OTHER TIERS: 0.06% → Up to $2,500 \| 0.08% → $2,500 - $10k \| 0.11% → $10k - $50k \| 0.14% → $50k - $150k \| 0.19% → $150k - $500k \| 0.24% → $500k - $1mm
0.06%	-	-	Personal Savings

Honor Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.80%^*	$500k^*	-	Super Money Market
OTHER TIERS: 0.15% → Up to $25k \| 0.40% → $25k - $50k \| 0.50% → $50k - $100k \| 0.60% → $100k - $250k \| 0.70% → $250k - $500k
0.40%^*	$150k^*	-	Money Market
OTHER TIERS: 0.15% → Up to $10k \| 0.30% → $10k - $150k

Honor Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
2.01%^*	-	$10k	Kasasa Cash
OTHER TIERS: 0.26% → $10k+
0.26%^*	$150k^*	-	High Performance Checking - with direct deposit
OTHER TIERS: 0.06% → Up to $2,500 \| 0.13% → $2,500 - $10k \| 0.16% → $10k - $50k \| 0.21% → $50k - $150k
0.21%^*	$150k^*	-	High Performance Checking - without direct deposit
OTHER TIERS: 0.06% → Up to $2,500 \| 0.11% → $2,500 - $10k \| 0.13% → $10k - $50k \| 0.16% → $50k - $150k
0.06%	-	-	NOW Account Checking
0.06%	-	-	Prime Time Interest Checking

Honor Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
1.95%^*	$10k^*	-	60 Month CD
OTHER TIERS: 1.15% → $500 - $10k
1.70%^*	$10k^*	-	42 Month CD
OTHER TIERS: 1.05% → $500 - $10k
1.45%^*	$10k^*	-	30 Month CD
OTHER TIERS: 0.65% → $500 - $10k
1.15%^*	$10k^*	-	24 Month CD
OTHER TIERS: 0.60% → $500 - $10k
1.00%^*	$10k^*	-	18 Month CD
OTHER TIERS: 0.55% → $500 - $10k
0.75%^*	$10k^*	-	12 Month CD
OTHER TIERS: 0.49% → $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

APY	MIN	MAX	ACCOUNT NAME
1.95%^*	$10k^*	-	60 Month IRA
OTHER TIERS: 1.15% → $500 - $10k
1.70%^*	$10k^*	-	42 Month IRA
OTHER TIERS: 1.05% → $500 - $10k
1.45%^*	$10k^*	-	30 Month IRA
OTHER TIERS: 0.65% → $500 - $10k
1.15%^*	$10k^*	-	24 Month IRA
OTHER TIERS: 0.60% → $500 - $10k
1.00%^*	$10k^*	-	18 Month IRA
OTHER TIERS: 0.55% → $500 - $10k
0.75%^*	$10k^*	-	12 Month IRA
OTHER TIERS: 0.49% → $1k - $10k

Locations

Honor Bank Locations
Garfield Avenue Branch	1112 South Garfield Avenue	Traverse City, MI 49686
Buckley Branch	117 East Wexford Avenue	Buckley, MI 49620
Bear Lake Branch	11926 Chippewa Highway	Bear Lake, MI 49614
Benzonia Branch	1720 Benzie Highway	Benzonia Township, MI 49616
Copemish Branch	18075 Cadillac Highway	Copemish, MI 49625
Honor Bank	2254 Henry Street	Honor, MI 49640
Traverse City Branch	3500 Marketplace Circle, Suite C	Traverse City, MI 49684
Lake Ann Branch	Maple Avenue and Second Street	Lake Ann Village, MI 49650

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact feedback@depositaccounts.com to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.