Online Certificate of Deposit (CD)* Special
Earn 4.35% APY1 on a 6-month CD Special
Requires a minimum deposit of $5,0002 from another financial institution (cannot be funded from a Bank of Hawaii account)
Achieve your savings goals faster.
Let us help you get more for your money. Maximize your savings growth with our CD special.
Start earning more on your savings today!
Our online application process is easy and can be completed in minutes. No checking account required.
Frequently Asked Questions
What is the maximum amount I can fund online for a CD account?
You can deposit up to $99,999 online. If you’d like to deposit more, you may visit a branch. For your convenience you can book an appointment online.
Can I transfer my existing Bank of Hawaii funds into the online CD special?
You cannot transfer your existing Bank of Hawaii funds into the online CD special. If you would like to use your existing Bank of Hawaii funds for a CD you will need to visit a Bank of Hawaii branch and deposit $25,000 from another financial institution.
What is a Certificate of Deposit (CD)?
CDs allow you to deposit funds into an account for a set period of time (also known as the term), and earn interest on your deposit. CDs typically earn a higher rate than traditional savings accounts, enabling you to earn more in interest, faster.
What type of CD is right for me?
The right account depends on a number of factors, including how much money you can set aside in a CD, how long until you will need it, as well as your financial goals now and in the future. If you need help choosing the right CD, we can help. Book an appointment >
What is APY?
APY stands for Annual Percentage Yield and is the amount of money or interest you earn on a bank account over one year.
What do I need to open my CD account online?
Opening a CD account is fast and easy. Youʻll need the following to get started:
- Name, social security number, date of birth (all applicants)
- Phone number and email address
- The bank routing number and account number to fund your account
What if I want to open my CD account in a branch?
For your convenience, we recommend booking an appointment in advance to ensure you’re able to get the dedicated time you need.
I just opened my account. What’s next?
Welcome to Bank of Hawaii! Weʻll be reaching out to you via phone and email with tips to help you make the most of your new account. You can also explore features here.
*Bank of Hawaii Time Deposit Account
1 An early withdrawal penalty may be imposed if withdrawal occurs before maturity. Fees may reduce earnings on the account. CDs automatically renew on the maturity date for the same term at the rate then in effect for accounts of the same type, amount and term. Annual Percentage Yield (APY) are as of 8/15/2024 in the State of Hawaii and 8/16/2024 in Guam, Saipan, and Palau and are subject to change without notice. Opening date and effective rate (corresponding APY) are based on when funds are received. Rates not applicable to retirement accounts. Some restrictions apply.
2 To be a qualifying deposit online, CD account must be opened online with a minimum of $5,000 from another financial institution. For a CD opened online, the entire qualifying deposit must be funded from an external financial institution and is limited to amounts less than $100,000. To be a qualifying deposit in-branch, CD account must be opened in-branch with a deposit of $25,000 from another financial institution.
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Opening an account is fast and easy.
CD Specials must be entirely funded from another financial institution when opened online. The rate applied to your CD special is based on the published rate in effect on the day we receive your opening deposit. Based on the funding method you choose, that can take up to 14 business days.
Please ensure you have the bank routing number and account number to fund your new account.