Personal Money Markets and CDs
Savings sitting still? Put your money to work with smarter options, like a Money Market Account with up to 3.50% APY* and flexible access, or a Certificate of Deposit (CD) rate of 3.75% APY** for secure guaranteed returns.
Money Market Account
Grow your balance with a competitive rate while keeping your money accessible when you need it. Contact one of our Deposit Specialists to assist you at (888) 873-2640
- No withdrawal fees & access your funds anytime
- Ideal for building an emergency fund
- Limited-time offer
Click below to open your account in minutes
7-Month CD
Grow your savings at a guaranteed rate while still having access to your money when you need it. Contact an advisor to assist you at (888) 873-2640
- No fees
- Earn a fixed, reliable return
- Limited-time offer
Click below to open your account in minutes
5-Month CD
Grow your balance with a competitive rate while keeping your money accessible when you need it. Contact one of our Deposit Specialists to assist you at (888) 873-2640.- No fees
- Earn a fixed, reliable return
- Limited-time offer
Click below to open your account in minutes
Disclosures
*Annual Percentage Yield (APY) is accurate as of August 13, 2026. $99,999.01 minimum balance required to receive the 3.75% APY. The Money Market APY will be paid on the entire balance in our account. Interest is earned on balances greater than $0.00 and must be opened with money not currently on deposit at Horizon Bank. $0-$4,999 - earn 1.50% APY. $4,999.01 - $49,999 -earn 3.00% APY. $49,999.01 - $99,999 - earn 3.50% APY. $99,999.01 or greater - earn 3.75% APY. Fees may reduce the earnings on the account. $25 minimum balance required to open account. Personal accounts only, no public, business, or brokered funds for this offer. Limited time offer. Rates are subject to change without notice.
**Annual Percentage Yield (APY) accurate as of August 13, 2026. A minimum balance of $5,000 is required to open each certificate with money not currently on deposit at Horizon Bank. Penalty for early withdrawal. A 5-month CD automatically renews to a 6-month fixed-rate CD. A 7-month CD automatically renews to a 6-month fixed-rate CD. Subject to change without notice.
Money Market FAQs
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What is a Money Market Account?
A Money Market Account (MMA) is an interest-earning deposit account that typically offers higher rates than a standard savings account. It combines the benefits of savings with some checking-like features for added flexibility.
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How is a Money Market Account different from a Savings or Checking Account?A Money Market Account generally offers:
- Higher interest rates than traditional savings
- Limited check-writing or debit access
- A higher minimum balance requirement
It’s designed to grow your savings while still giving you easier access than a certificate of deposit (CD). -
Is my money safe in a Money Market Account?
Yes. MMAs are federally insured (up to the applicable limits) when opened at an FDIC-insured bank, providing protection and peace of mind.
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Can I access my money whenever I need it?
Yes. You can withdraw funds anytime, but some money market accounts may have limits on certain types of transactions. Check-writing or debit usage may be available depending on the account features.
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Does a Money Market Account lock my money like a CD?
No. Unlike a certificate of deposit, a Money Market Account allows ongoing access to your funds without early-withdrawal penalties.
Certificate of Deposit FAQs
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What is a Certificate of Deposit?
A Certificate of Deposit (CD) is a savings certificate that entitles you to receive interest, restricting you from withdrawing on demand without incurring a penalty.
By opening the CD, you agree to leave your one-time deposit in the account for a fixed amount of time. In exchange for agreeing to a set term length, you get a fixed interest rate, typically one that is higher than a traditional savings account. Generally, the longer the term length, the higher the interest rate. Keep in mind, you often cannot access your money until your CD term ends without incurring a penalty. CDs are a great way to reach your savings goals faster-using money that you don't need immediately. -
Are CDs safe?
Horizon Bank’s CD accounts are insured by the Federal Deposit Insurance Corporation (FDIC) up to allowable limits.
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Why would I want a CD over a less restrictive saving option?
CDs are a great way to make your wealth grow, so long as you have clear financial long or short-term goals in mind for your money. With competitive rates of interest, you may get the most return on your money with this type of savings.
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How much interest will I earn on a CD?
How much interest you earn on your CD will depend on how much you deposit, your specific term, and your interest rate. Contact a Horizon Bank advisor to review your rate and term options to see how much you can earn. You can also use a CD calculator to get an estimated return.
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How much money do you need to open a CD?
Most Horizon Bank CDs require a minimum deposit of $500 to open an account.
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Can I add money to my existing CD?
Often you cannot add money to an existing CD, yet you can open additional CDs for a shorter or longer term.
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Can I withdraw my money before the CD term is over?
If you choose to withdraw money from your CD before it matures, you will likely have to pay a fee called an early withdrawal penalty.