Bankohana Bonus Rate Savings Plus
High yield savings account special
A savings account that earns more and does more. Maximize your earnings today.
Our great rates just got even better.
Take advantage of one of the highest variable savings rates in the local market. Plus for a limited time, earn an even higher rate for the first 90-days when you qualify for our Bankohana Savings Special. Enjoy flexibility and earning—all rolled into one.
Bankohana Savings Special Rates
| Balance of $100,000+ |
|
Balance of up to $99,999 |
|
|---|---|---|---|
|
90-Day Guaranteed Promo Interest Rate1 |
3.25% |
3.25% |
|
|
Variable APY After 90 Days2 |
2.75% |
1.10% |
|
|
Combined APY Including Guaranteed Promo 90-day Interest Rate2,3 |
2.88% |
1.64% |
Here’s how it works
Step 1: If you already have a Bankohana Bonus Rate Savings Plus4 account, schedule a call or meet with a banker to opt-in to our Bankohana Savings Special. If you don’t have a Bankohana Bonus Rate Savings account, it’s easy to open one online. You’ll also need a Bankohana Checking account. We’ve made it easy to open both by bundling them below!
Step 2: Make your deposit of $25,000 or more of New Money from another bank or financial institution5 into your Bankohana Bonus Rate Savings Plus account within 30 days of opt in to qualify your account for the Savings Special.
Step 3: Start earning more! Once your deposit of $25,000 or more has posted to your eligible Bankohana Bonus Rate Savings Plus account, your tiered interest rate will be updated within 3 business days. You'll earn the guaranteed rate for the first 90 days. After 90 days, your account will revert to the variable APY at that time.
Open an account online
Take advantage of our savings special by opening a Bankohana Bonus Rate Savings Plus account and a Bankohana Checking account (if you don’t already have one). Joining our Bankohana will unlock exclusive benefits like complimentary checks, preferred savings rates, discounts and more. Learn more about our Bankohana program.
Get started by picking your Bankohana bundle below.
Bankohana Checking Level I
- Earns exclusive Bankohana benefits
- $500 minimum opening deposit
- Waived monthly service fee with $6,000 in combined Bankohana balances6
Bankohana Checking Level II
- Enjoy Level I benefits, plus additional Level II Bankohana benefits
- $500 minimum opening deposit
- Waived monthly service fee with $20,000 in combined Bankohana balances6
Bankohana Bonus Rate Savings Plus4
- Active savers can earn bonus interest
- Eligible for high-yield rates with our Bankohana Savings Special
- $100 minimum opening deposit
- No monthly service fee
Ready to open your Bankohana account?
Step 1: Choose your checking account
Step 2: Add the Bankohana Bonus Rate Savings Plus add-on
Frequently Asked Questions
What is Bankohana?
Bankohana is our premier family of accounts. Bankohana accounts get exclusive benefits like preferred interest rates, waived fees, complimentary checks, discounted services, and more.
Start with a Bankohana Checking account which will be your primary account. Then add an optional Bankohana Savings account and/or a Bankohana CD account which may be used to meet the combined balance requirements, provided that at least one of the Bankohana checking account holders is the primary owner of the designated related account.
Do I need to open a Bankohana Checking account to open a Bankohana Savings or CD account?
Yes, your Bankohana Checking account will be your primary Bankohana account and is required to open a Bankohana Savings or CD account. A Bankohana Checking account requires a minimum opening deposit of $500.
What do I need to open my Bankohana account online?
Opening a Bankohana 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
How do I fund my Checking or Savings account online?
There are three methods to fund your account online:
The first method, Instant Account Verification (IAV) is an easy and convenient way for you to use the username and password of your existing account with another financial institution to verify and fund your new account on the spot.
The second method, Small Dollar Verification (SDV) verifies your new account by depositing two small deposits (less than $1 each) into your existing bank account. The deposits will appear within 1-3 business days. You will then need to log back into your new deposit account application and verify the deposit amounts to successfully open your account online.
The last method is internal funding. If you are an existing Bank of Hawaii customer, you can enter your online banking login or debit card and PIN at the beginning of the account opening process to fund your new account with funds from your existing Bank of Hawaii account.
How do I earn the bonus interest on my Bankohana Bonus Rate Savings account?
Bonus interest is earned on a Bankohana Bonus Rate Savings account when deposits total at least $25 and no withdrawals are made for that month.
Bonus interest is earned on a Bankohana Bonus Rate Savings Plus account when deposits total at least $100 and no withdrawals are made for that month. The minimum deposit of $100 and no withdrawals during the month are not required to receive the bonus interest rate and the combined APY for Bankohana Bonus Rate Savings Plus with $250,000 or more in balances.
If I do not qualify for the bonus interest, will I still earn regular interest?
Yes, you will earn regular interest for that month.
How do I know my account is earning the bonus interest vs. the regular interest?
The bonus interest will be reflected on your statement as “Bonus Int”
1 Annual Percentage Yield (APY) are as of 9/17/2025 in State of Hawaii and as of 9/18/2025 in Guam, Saipan, and Palau. Your Guaranteed Promo Interest Rate will depend on the interest rate in effect on the day your account meets the qualifications for the Bankohana Savings Special. Once you qualify, your Guaranteed Promo Interest Rate will be set for 90 days. After 90 days, your account will revert to the Variable APY at that time.
2 Annual Percentage Yield (APY) effective as of 9/17/2025 in State of Hawaii and effective as of 9/18/2025 in Guam, Saipan, and Palau. Interest rate and APY are subject to change without notice and may change after the account is opened and funded. Fees may reduce earnings. You may also earn additional bonus interest of 0.04% if no withdrawals are made and a deposit of at least $100 is made during the month. The minimum deposit of $100 and no withdrawals during the month are not required to receive the bonus interest rate and the combined APY for Bankohana Bonus Rate Savings Plus accounts with $250,000 or more in balances.
3 The Combined APY Including 90-day Guaranteed Promo Interest Rate does not include the additional bonus interest of 0.04% earned if no withdrawals are made and a deposit of at least $100 is made during the month.
4 The Bankohana Bonus Rate Savings Plus account requires a Bankohana Checking account. If you want to open a Bankohana Bonus Rate Savings Plus account and do not have an existing Bankohana Checking account, you may open one with a minimum deposit of $500.
5 “New Money” is an incoming deposit(s) totaling $25,000 or more made directly to your Bankohana Bonus Rate Savings Plus account in the form of a personal or official check from another financial institution, an incoming wire, ACH credit, Online Banking external transfer, or external funding of a new account through SimpliFi within 30 days of opting into the Bankohana Savings Special. Incoming deposits or transfers from another Bank of Hawaii account are not considered New Money. The $25,000 in New Money may be deposited in multiple transactions, as long as all transactions are completed within the 30-day window from the date you opted in. No interest rate updates will be made to your account until you deposit $25,000 in New Money. If you do not meet the $25,000 New Money requirement after 30 days, your opt-in will expire.
6 For a full list of accounts that may be used to meet the combined balance requirement, review the Bankohana Benefits and Requirements document.
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Opening an account is fast and easy.
Opening a Bankohana Bonus Rate Savings Plus account gives you access to our Bankohana Savings Special. Once your Bankohana Bonus Rate Savings Plus account is opened, you’ll receive an email with the steps you’ll need to take to qualify for the special rate.
If you’re an existing Bank of Hawaii customer, please enter your online banking login (or your debit card and PIN) on the next screen. If you don’t already have a Bankohana checking account, you’ll be prompted to open one during the account opening process.
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