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Deposit IRAs

Providing you with the peace of mind of FDIC insurance.

For those who are primarily concerned about the safety of their retirement funds, a Bank of Hawaii Deposit IRA is protected with FDIC insurance — up to $250,000 per qualifying account. So you can rest assure that your savings will be there when you’re ready to begin using them.

Features and Benefits:

  • Prepare for your retirement
  • Investments grow tax-deferred
  • Retirement savings are insured up to $250,000 per qualifying account by the FDIC
  • Bankohana Deposit IRA balance counts toward your combined balance requirement for Bankohana

What types of Deposit IRAs are available:

  • Traditional IRA
  • Roth IRA 
  • Rollover IRA

Deposit IRA savings options:

  • Time Deposit Account (CD) — offering competitive rates that are fixed for 6 months, 18 months, 3 years, or 6 years
  • Retirement Savings Account — features a variable interest rate, with no minimum balance requirement or maturity date

Requirements and Other Restrictions:

  • IRA holders failing to take their required distributions are subject to a substantial penalty