Earn more with our Bankohana Savings Special
Take advantage of one of the highest variable savings rates in the local market. Plus for a limited time, earn an even higher rate for the first 90-days when you qualify for our Bankohana Savings Special. Enjoy flexibility and earning—all rolled into one.
Here’s how it works
Step 1: Opt your Bankohana Bonus Rate Savings Plus1 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 institution2 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. You'll earn the guaranteed rate for the first 90 days. After 90 days, your account will revert to the variable APY at that time.
Bankohana Savings Special Rates
| Balance of $100,000+ |
|
Balance of up to $99,999 |
|
|---|---|---|---|
|
90-Day Guaranteed Promo Interest Rate3 |
3.80% |
3.80% |
|
|
Variable APY After 90 Days4 |
3.00% |
1.50% |
|
|
Combined APY Including Guaranteed Promo 90-day Interest Rate4,5 |
3.22% |
2.09% |
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.
1 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.
2 “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.
3 Annual Percentage Yield (APY) are as of 1/2/2025 in State of Hawaii and as of 1/3/2025 in Guam, Saipan, and Palau. Your Guaranteed Promo Interest Rate will depend on the interest rate in effect on the day your account meets the qualifications for the Bankohana Savings Special. Once you qualify, your Guaranteed Promo Interest Rate will be set for 90 days. After 90 days, your account will revert to the Variable APY at that time.
4 Annual Percentage Yield (APY) are as of 1/2/2025 in State of Hawaii and as of 1/3/2025 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. You may also earn additional bonus interest of 0.04% if no withdrawals are made and a deposit of at least $100 is made 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 accounts with $250,000 or more in balances.
5 The Combined APY Including 90-day Guaranteed Promo Interest Rate does not include the additional bonus interest of 0.04% earned if no withdrawals are made and a deposit of at least $100 is made during the month.
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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 don’t already have a Bankohana checking account, you’ll be prompted to open one during the account opening process.
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