Get excited about saving. Earn up to $3001 in bonus cash.
Open a new savings account and you could earn up to $300 when you meet promotional requirements.
Save your way with our tiered savings offer
Earn $75
when you deposit $5,000 and meet promotion requirements.
Earn $150
when you deposit $10,000 and meet promotion requirements.
Earn $300
when you deposit $20,000 and meet promotion requirements.
Here's how it works
- Open an eligible savings account
Open a Regular Savings, Bonus Rate Savings, or Bankohana Bonus Rate Savings account. A Bankohana Bonus Rate Savings account requires a Bankohana checking account which can be opened with a deposit of $500. - Fund your account
Make your required deposits of $5,000, $10,000, or $20,000 within 30 days of account opening. - Maintain your balance
After the first 30 days, maintain your daily balance of $5,000, $10,000, or $20,000 for the next 60 days. - Earn a cash bonus
Your bonus will be credited to your account after meeting all promotion requirements.
Choose your savings account
Bonus Rate Savings
- Earns 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 Savings2
- 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
Compare savings accounts
| Select one | Compare with... | ||
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Regular Savings
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Regular Savings
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Bonus Rate Savings
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Bankohana Bonus Rate Savings
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Bankohana Bonus Rate Savings Plus
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| Eligible for the savings offer bonus | |||
| Yes | |||
| Yes | Yes | Yes | No |
| Minimum opening deposit | |||
| $100 | |||
| $100 | $100 | $100 | $100 |
| Monthly service fees | |||
| $5 or waived when maintaining a minimum daily balance of $300 |
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| $5 or waived when maintaining a minimum daily balance of $300 |
$5 or waived when you meet the daily ledger balance of $500 or when you make a deposit totaling $25 and no withdrawals for that month |
None |
None |
| Earn bonus rate interest | |||
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None |
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None |
In addition to regular interest when you make deposits totaling at least $25 each month and no withdrawals that month | In addition to regular interest when you make deposits totaling at least $25 each month and no withdrawals that month | In addition to regular interest when you make deposits totaling at least $100 each month and no withdrawals that month3 |
| Eligible to earn Bankohana Savings Special Annual Percentage Yield | |||
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No |
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No |
No |
No |
Yes, qualifications apply. |
| Bankohana Checking Account Required | |||
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No |
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No |
No |
Yes |
Yes |
| Complimentary ATM Card | |||
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Yes |
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Yes |
Yes |
Yes |
Yes |
Frequently Asked Questions
Who is eligible for this promotion?
Any new or existing Bank of Hawaii customer is eligible for this promotion when they open a new Regular Savings, Bonus Rate Savings, or Bankohana Bonus Rate Savings account online or in-branch.
This promotion is limited to one savings bonus per account per customer. If any owner of a savings account has already received a savings bonus of any kind, any other savings account owned by account owner will not qualify.
What if my account is jointly owned? Who will earn the savings bonus?
This promotion is limited to one bonus per account and per customer. If an account is jointly owned and qualifies for the bonus, we consider the award as being granted to both owners and will satisfy the limit of one bonus per customer.
What deposits qualify for this promotion?
Qualifying deposits must be made via 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.
Incoming deposits or transfers from another Bank of Hawaii account, interest payments, or credits, reversals, and refunds from a merchant do not qualify for this promotion.
How can I check my account balance throughout the promotion?
You can find your account balance when you review your account online, on a mobile device, at an ATM, by telephone or by visiting a branch.
Can my savings account balance fluctuate during the promotion?
Yes, your account balance may fluctuate, however you will need to maintain a Daily Account Balance of $5,000, $10,000, or $20,000 every day from Day 31 through Day 90 after Account opening to qualify for the bonus. If your Daily Account Balance falls below the required minimum amount for even one (1) day during the Maintenance Period, you will not receive the bonus.
If my account balance drops, will I still be eligible for the offer?
If your account balance is reduced by any fees during the Maintenance Period, you will need to add money on that day to keep your balance at or above the required minimum of the tier you wish to remain in.
If your balance goes below the required minimum for your current tier, you may become eligible for a lower tier. However, increasing your deposit does not qualify you for an upgrade to a higher tier.
Please also refer to the Bank of Hawaii Consumer Checking and Savings Account Fee Schedule for a listing of fees that may impact your account.
How will I receive the cash bonus if I qualify for this promotion?
The cash bonus will be applied to your qualifying savings account as a statement credit. Your account must be in good standing and open at the time of credit.
I participated in this promotion. When will I see the bonus in my account?
Those who qualified for the promotion will see the statement credit applied to their qualifying checking account within 120 days of their account opening date.
Will I get a 1099 if I participate in this promotion?
Yes, you will receive a 1099-INT for the value of the bonus.
Connect with a specialist
Choose from in-person or phone appointments at a time and location that’s convenient for you.
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 New Money 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 the required Daily Account Balance every day from Day 31 through Day 90 after Account opening ("Maintenance Period") to qualify for the bonus. If your Daily Account Balance falls below the required amount for even one (1) day during the Maintenance Period (even if due to a fee imposed on your account), you will not receive the bonus.
| New Savings Account | Opened on or after … | …via | … with New Money deposit(s) of at least… | … and Maintain a Daily Account Balance of… | … are eligible to receive a bonus amount of |
| Regular Savings OR Bonus Rate Savings OR Bankohana Bonus Rate Savings | 8/4/20206 HST | Online OR In Branch | $5,000 within the first 30 days from Account open date |
$5,000 or more between day 31 and day 90 from Account open date |
$75 within 120 days from Account open date |
| $10,000 within the first 30 days from Account open date |
$10,000 or more between day 31 and day 90 from Account open date |
$150 within 120 days from Account open date |
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| $20,000 within the first 30 days from Account open date |
$20,000 or more between day 31 and day 90 from Account open date |
$300 within 120 days from Account open date |
If all qualifications are met, the cash bonus 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 customer has received another savings offer in 2024 or later, they will not be eligible for another savings offer. 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.
The variable Annual Percentage Yields (APYs) are as of 8/4/2026 for State of Hawaii and 8/5/2026 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 $5,000 or more 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 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.
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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:
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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.
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.
