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Savings
Everyone needs a “cushion” for those unexpected expenses
Establishing and maintaining savings is a very important part of any good family finance plan.
Typically, a family should have at least 3 to 6 months of take-home pay saved in an account
that can be liquidated quickly and at minimal cost. This cushion will ensure that you and your
family can withstand any emergency, short-term illness, job change, or unexpected housing expense.
We're the safest place to put your savings dollar
We give you piece of mind because your funds deposited at Honda Federal Credit Union are insured
up to $100,000 by the National Credit Union Administration (NCUA), an agency of the federal
government. That means it's backed by the full faith and credit of the U.S.A.
But we don't stop there!
IRA deposits are insured separately for up to $250,000 in the same manner.
Honda Federal Credit Union offers a range of savings products designed to provide either easy access
or attractive interest earnings. We also offer basic retirement savings vehicles designed to assist
you in planning for your family's future.
Start with the basics
Our Regular Savings Account provides ATM access, interest calculated daily, and paid monthly, and
a convenient quarterly statement. Use convenient payroll deduction to pay yourself first. Then sit
back and watch your savings build automatically.
Open as many Secondary Savings Accounts as you like to assist you and your family with saving for
special purchases or events. There is no minimum balance required to open the account.
Get market rates for your larger balances
Open a Premier Savings Account with a minimum balance of $10,000 and you can maximize your
earnings with a high yield while maintaining access to your funds. If your balance falls below
$10,000, the service charge is $25. You are allowed up to six withdrawals per month, three of
which can be checks to third parties.
savings application
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