A rate so good, you'll think it's a CD.

Earn more without having to lock in your money.

Earn more with our Bankohana Savings Special

Take advantage of one of the highest variable savings rates in the local market, plus have penalty-free access your savings whenever you need it. As your account balance fluctuates, you’ll earn daily interest based on your balance tier so you can continue to grow your savings to maximize your earnings.

Here’s how it works

Step 1: Opt your Bankohana Bonus Rate Savings Plus2 account into the Bankohana Savings Special by meeting with a banker or opt in automatically when you open a new Bankohana Bonus Rate Savings Plus account online.

Step 2: Make your deposit of $25,000 or more of New Money from another bank or financial institution3 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.

Ready to get started?

Open an account

If you don’t already have a Bankohana Bonus Rate Savings Plus account, open one online to automatically opt in to our Bankohana Savings Special.

Schedule a call

If you already have a Bankohana Bonus Rate Savings Plus account, schedule a call with one of our local experts to opt in over the phone.

Meet in person

Make an appointment in person with one of our local experts – they can even help you open your Bankohana Bonus Rate Saving Plus account.

Bankohana Savings Special Rates

Browse rates by term
Bankohana Savings
Balance of
$1-$24,999
Balance of
$25,000-$49,999
Balance of
$50,000-$99,999
Balance of
$100,000-$249,999
Balance of
$250,000-$499,999
Balance of
$500,000+

APY1

1.50%

2.50%

3.75%

4.00%

4.00%

4.00%

Bonus Interest Rate4

0.05%

0.05%

0.05%

0.05%

0.05%

0.05%

Combined APY1

1.55%

2.55%

3.80%

4.05%

4.05%

4.05%

1 Annual Percentage Yield (APY) effective as of 2/15/2024 in State of Hawaii and effective as of 2/16/2024 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. For the most updated rates for this offer, click here and reference the "Bankohana Savings Special" Rate Sheet.

Deposits insurance coverage subject to FDIC limits.

2 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.

3 “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.

4 To earn the bonus interest rate and combined APY for Bankohana Bonus Rate Savings Plus, you must make a minimum deposit of $100 and no withdrawals 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 with $250,000 or more in balances. Interest rate subject to change without notice and may change after the account is opened and funded. Fees may reduce earnings.

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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 customer, you'll want to 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.