Savings Account Features
Whether you’re saving money for a vacation, a wedding, holiday shopping or simply a rainy day, a savings account can help. Each savings account at Honda Federal Credit Union comes with helpful online tools, competitive rates and more. Learn more about savings accounts.
- Competitive interest rate
- Interest compounded daily, paid monthly
- Funds are insured up to $250,0002
- Payroll deduction
Additional Benefit Details
Frequently asked savings questions
1 If your Premier Savings Account balance falls below $10,000, a service charge of $25 will be assessed. Members are allotted six withdrawals per month.
2 Funds are insured up to $250,000 through the National Credit Union Administration (NCUA) and an additional $250,000 are insured through American Share Insurance (ASI).
3 APY = Annual Percentage Yield. Terms and conditions subject to change. Rates may vary.
4 Initial deposit of $5 is required to open a Holiday Savings Club Account. Money will be transfered to regular savings account on November 1 of each year the Holiday Savings Club account is open. Any withdrawal from the Holiday Savings Club Account prior to November 1 will result in the balance being transfered to your Regular Savings Account, and a penalty of all dividends paid from November of the previous year will be assessed. If the Holiday Savings Club Account is closed or if a withdrawal is made during the month of December, a penalty of dividends paid from November of the same year will be assessed. A dividend rate of 1% above the HFCU regular savings rate and APY is paid on that portion of your average daily balance that is $2,500 or less. The regular savings rate is paid on that portion of your average daily balance that is greater than $2,500.