Regular Savings
Earn $200 with a new Regular Savings Account
Our Regular Savings account is anything but. Consider it an unbreakable piggy bank for everything from rainy day savings to bigger purchases. For a limited time, earn $200 when you open a new Regular Savings account and keep your savings with us for 5 months to earn $200.1
Here how it works
- Open an eligible savings account
Open a new Regular Savings, Bonus Rate Savings, or Bankohana Bonus Rate Savings account. - Deposit $7,500 within one month of opening the account
Deposit a total of $7,500 or more of New Money from another financial institution. - Maintain a daily balance of $7,500 or more for the next consecutive four months
If your daily balance goes below $7,500 within the next four months, you will not qualify for the cash bonus. - Earn a cash bonus
Your $200 bonus will be credited to your account within 30 days of meeting all promotion requirements.
Get More with Bank of Hawaii
Mobile and Online Banking
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Bring banking right to your fingertips. Learn more >
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Check your balances 24/7
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View your transaction history
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Transfer funds
Convenient Locations
Convenient Locations
Ease and accessibility when you need it. Find locations >
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Access the largest ATM network in Hawaii
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Stop by our convenient branches
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Meet with one of our local experts
Ready to open your account?
Open Online
Opening an account online is quick and easy. Follow the prompts and you’ll be done in a few minutes.
Open at a Branch
Open your new account when and where it’s most convenient for you by booking an appointment. Our friendly team members will guide you through the process.
Connect with a specialist
Choose from in-person or phone appointments at a time and location that’s convenient for you.
Contact our local experts
Send us a message, and our team will contact you by the next business day.
Frequently Asked Questions
What is a savings account?
A savings account is an interest earning bank account where you can safely keep money that you want to save for future use.
What type of savings account is right for me?
The right account depends on a number of factors, including how much you plan to save in your account, how long you plan to keep it there, as well as your financial goals now and in the future. If you need help choosing the right savings account, 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 savings account online?
Opening a savings 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 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.
What if I want to open my savings 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.
1 To qualify for the bonus, make your $7,500 in 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 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) business day during the Maintenance Period, you will not receive the bonus.
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.
The variable Annual Percentage Yields (APYs) are as of 8/1/2024 for State of Hawaii and 8/2/2024 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% | 0.03% | 0.04% |
| $10,000 | 0.01% | 0.01% | 0.03% | 0.04% | |||
| $25,000 | 0.01% | 0.01% | 0.03% | 0.04% | |||
| $100,000 | 0.02% | 0.02% | 0.03% | 0.05% | |||
| Bankohana Bonus Rate Savings# | $100 | None | $1 | 0.02% | 0.02% | 0.03% | 0.05% |
| $10,000 | 0.02% | 0.02% | 0.03% | 0.05% | |||
| $25,000 | 0.02% | 0.02% | 0.03% | 0.05% | |||
| $100,000 | 0.03% | 0.03% | 0.03% | 0.06% |
* Although the minimum balance to open each account is $100, a higher New Money 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 New Money deposit requirement if it meets the definition of New Money.
† 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.
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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