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Savings accounts
Give your savings a $200 head start
You can earn a $200 cash bonus when you open a new savings account and meet promotion requirements.1
Here's how it works
- Open an eligible savings account
Open a new Regular Savings, Bonus Rate Savings, or Bankohana Bonus Rate Savings account. - Fund your account
Deposit a total of $7,500 or more from another bank within 30 days of opening your account. - Maintain a daily balance of at least $7,500
After the first 30 days, keep your daily balance at $7,500 or more for the next four consecutive months. If your balance goes below $7,500 on any day within the next four months (five months from your account open date), you will not qualify for the cash bonus.1 - Earn a cash bonus
Your $200 bonus will be credited to your account after meeting all promotion requirements.2
Open a savings account
Regular Savings
- Earn a $200 cash bonus when you meet promotion requirements
- Earns interest on your savings. View rates
Bonus Rate Savings
- Earn a $200 cash bonus when you meet promotion requirements
- Earn interest and rewards active savers with bonus interest when you deposit $25 or more each month and make no withdrawals that month. View rates
Bankohana Bonus Rate Savings
- Earn a $200 cash bonus when you meet promotion requirements
- Earns preferred interest and rewards active savers with bonus interest when you deposit $25 or more each month and make no withdrawals that month. View rates
[1,2] See important information
1 This offer is valid for new Regular Savings, Bonus Rate Savings, or Bankohana Bonus Rate Savings accounts. To qualify for the bonus, make your $7,500 in deposit(s) directly to the new 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 opened through boh.com within 30 days of account opening. You will be required to maintain a Daily Account Balance of at least $7,500 every day from Day 31 through Day 150 after Account opening ("Maintenance Period") to qualify for the bonus. If your Daily Account Balance falls below the required $7,500 minimum for even one (1) day during the Maintenance Period, you will not receive the bonus.
The variable Annual Percentage Yields (APYs) are as of 5/1/2025 for State of Hawaii and 5/2/2025 for Saipan, Guam, and Palau and can change at any time. Fees may reduce earnings. Accounts closed within 180 days of account opening will be assessed an early closing fee of $40.
| Savings Account Type | Minimum Balance* to Open | Monthly Service Fee | Minimum Balance to Earn APY | Interest Rate | APY | Bonus Interest Rate‡ | Combined APY |
| Regular Savings | $100 | $5† | $1 | 0.01% | 0.01% | None | None |
| Bonus Rate Savings | $100 | $5§ | $1 | 0.01% | 0.01% | 0.02% | 0.03% |
| $10,000 | 0.01% | 0.01% | 0.02% | 0.03% | |||
| $25,000 | 0.01% | 0.01% | 0.02% | 0.03% | |||
| $100,000 | 0.02% | 0.02% | 0.02% | 0.04% | |||
| Bankohana Bonus Rate Savings# | $100 | None | $1 | 0.02% | 0.02% | 0.02% | 0.04% |
| $10,000 | 0.02% | 0.02% | 0.02% | 0.04% | |||
| $25,000 | 0.02% | 0.02% | 0.02% | 0.04% | |||
| $100,000 | 0.03% | 0.03% | 0.02% | 0.05% |
* Although the minimum balance to open each account is $100, a higher deposit(s) of $7,500 is required to qualify for the bonus. Please note however that the $100 minimum balance to open your account may qualify toward your total deposit requirement.
† Regular Savings Monthly Service Fee waived when you meet a minimum Daily Ledger Balance of $300.
‡ The bonus interest rate and the combined APY are contingent upon making a minimum monthly deposit of $25 and no withdrawals during monthly cycle.
§ Bonus Rate Savings Monthly Service Fee waived when you meet a minimum daily Ledger Balance of $500 or minimum monthly deposit of $25 and no withdrawals during monthly cycle.
# To open a Bankohana Bonus Rate Savings account, a Bankohana Checking account is required and can be opened with a minimum deposit of $500 at the time of savings account opening.
2 If all qualifications are met, a bonus of $200 will be applied directly to your Account within 30 days. Your Account must remain open and be in good standing at the time of the bonus award. A 1099-INT form will be issued from Bank of Hawaii to the primary accountholder for the value of the bonus applied to your Account. Limit one savings bonus per Account per customer. If a savings account is jointly owned and qualifies for the bonus, we consider the award as being granted to both owners. This offer cannot be combined with other savings promotions. Offer is subject to change or end without prior notice.
Earn up to 7x more than the average savings rate*
Plus, lock in an even higher rate for the first 90-days when you qualify for our Bankohana Savings Special. See how much you can earn!
*Based on the FDIC’s national rates for savings accounts. Accurate as of 7/21/2025.
Here’s what you’ll get with every account
24/7 mobile and online banking
Powerful tools so you can bank anywhere, anytime.
Hawaii’s largest ATM network
Make deposits, withdraw cash, and more.
Nearby locations
You’re never far from one of our convenient branch locations
Here’s what you need to know
More about
Regular Savings
A safe place to save for a rainy day, large purchase, and everything in between.
What you get:
- Waived $5 monthly service fee when maintaining a minimum daily balance of $300
- Interest earning savings account (see rate sheet for current APY)
- Automatic Savings Transfers and direct deposit so you can grow your savings
What you need:
- $100 minimum opening deposit
- Accounts opened online are only available to applicants with a physical address in the 50 United States, Guam, Saipan, Palau or American Samoa (for existing customers).
Learn more about Regular Savings accounts
To view interest rates visit the consumer checking & savings rate sheet
Bonus Rate Savings
Give yourself a bonus. Earn more interest when you meet the requirements below.
What you get:
- Bonus interest in addition to regular interest when you make deposits totaling at least $25 each month and no withdrawals that month
- Waived $5 monthly service fee if you meet the monthly minimum balance of $500 or when you make a deposit totaling $25 and no withdrawals for that month
What you need:
- $100 minimum opening deposit
- Accounts opened online are only available to applicants with a physical address in the 50 United States, Guam, Saipan, Palau or American Samoa (for existing customers).
Learn more about Bonus Rate Savings accounts
To view interest rates visit the consumer checking & savings rate sheet
Bankohana Bonus Rate Savings
Make your hard-earned money work harder for you with better rates.
What you get:
- In addition to regular interest, earn bonus interest if you meet the requirements
- Regular interest compounded daily and paid monthly
- Bonus interest based on the average collected balance for the month and paid monthly
- No monthly service fee or balance requirement
What you need:
- $100 minimum opening deposit
- Bankohana checking account (balance requirement and monthly service fee based on combined balance for Bankohana relationship) – You can open this at the same time
- Monthly deposit of $25 and no withdrawals for the month to earn bonus interest rate
- Accounts opened online are only available to applicants with a physical address in the 50 United States, Guam, Saipan, Palau or American Samoa (for existing customers).
Learn more about Bankohana Bonus Rate Savings accounts
To view interest rates visit the consumer checking & savings rate sheet
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Opening an account is fast and easy.
You'll need to have these pieces of information ready before you get started:
-
Name, social security number, date of birth (all applicants)
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Phone number and email address
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The bank routing number and account number to fund your account
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.
Opening an account is fast and easy.
Please ensure you have the bank routing number and account number to fund your new account.
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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