Hawaii Savings Rates - October 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Hawaii savings account rates range from 0.02% to 5.00% APY, verified by MonitorBankRates as of October 13, 2026. The best savings rates for Hawaii include Hawaii Schools Federal Credit UnionHawaii Schools Federal Credit Union233 Vineyard St, Honolulu, HI 96813 2446A+5.0 ★Texas Ratio: 0.39%Real return: +2.20%APY minus 2.8% CPI (February 2026) Kids Club Savings at 5.00% APY, Kahuku Federal Credit UnionKahuku Federal Credit Union56 576 Kamehameha Hwy, Kahuku, HI 96731 2211D3.0 ★Texas Ratio: 38.81%Real return: +1.26%APY minus 2.8% CPI (February 2026) Christmas Club Savings at 4.06% APY, Kauai Federal Credit UnionKauai Federal Credit Union2976 Ewalu St, Lihue, HI 96766B-4.4 ★Texas Ratio: 22.64%Real return: +1.20%APY minus 2.8% CPI (February 2026) Anuenue Savings at 4.00% APY, CIT BankCIT Bank600 Kapiolani Blvd Ste 203, Honolulu, HI 96813A5.0 ★Texas Ratio: 7.72%Real return: +0.95%APY minus 2.8% CPI (February 2026) Platinum Savings >= at 3.75% APY, and Finance FactorsFinance Factors1164 Bishop St, Honolulu, HI 96813A5.0 ★Texas Ratio: 12.80%Real return: +0.20%APY minus 2.8% CPI (February 2026) Premier Savings at 3.00% APY.
Use the tables below to compare savings rates across Hawaii side-by-side. Hawaii savings rates currently reach as high as 5.00% APY from Hawaii Schools Federal Credit Union at 233 Vineyard St, Honolulu, HI 96813 2446. Rates are continually updated, so we recommend checking back frequently.
Savings rates reflect recent market quotes and representative offers available to depositors in Hawaii and the surrounding area. Last Updated and Verified: October 13, 2026
Compare the Best Savings Rates in Hawaii
Maximum monthly deposit of $100; restricted to primary members under age 18
Required minimum share balance to earn stated APY is $100. Fees could reduce the stated APY. Early withdrawal penalty may apply to CD accounts. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union at (808) 293-9063.
Qualified; Balance: up to $20K
Balances below the minimum $100 will earn 0.10% for each day the balance is below the minimum and a $5 monthly service fee will be charged to the account for each month that the account is below the minimum balance at any time during the month. Accounts closed within 90 days of opening will be assessed an early closing fee of $25. Fees may reduce earnings on the account. Rate is subject to change at any time without notice. The Premier Savings Account is available to State of Hawaii residents and businesses only and may be discontinued at any time. Rates may be different for business accounts. Deposits are insured up to $250,000 by the FDIC.
- Oct 4, 20263.00%▲ from 0.50%
- Sep 25, 20260.50%first recorded
Balance: $5 minimum balance to open
Balances below the minimum $100 will earn 0.10% for each day the balance is below the minimum and a $5 monthly service fee will be charged to the account for each month that the account is below the minimum balance at any time during the month. Accounts closed within 90 days of opening will be assessed an early closing fee of $25. Fees may reduce earnings on the account. Rate is subject to change at any time without notice. The Premier Savings Account is available to State of Hawaii residents and businesses only and may be discontinued at any time. Rates may be different for business accounts. Deposits are insured up to $250,000 by the FDIC.
Balance: $1,000,000 and over
Average Daily Balance to Obtain APY Disclosed: $5.00
- Oct 4, 20262.07%▲ from 1.36%
- Sep 25, 20261.36%first recorded
Co-owned with parent or guardian Complimentary Kids Savings stackable money bank and passbook at new account opening
You must open this account online. Opening deposit must be drawn from a financial institution other than Finance Factors. Maximum opening deposit is $10,000. Balances below the minimum $100 will earn 0.10% APY for each day the balance is below the minimum and a $15 monthly service fee will be charged to the account for each month that the account is below the minimum balance at any time during the month. Accounts closed within 90 days of opening will be assessed an early closing fee of $50. Fees could reduce earnings on the account. Rate is subject to change at any time and without notice. You may close your savings account online by transferring all available funds out of your account via our Online Services. Any account with a zero balance at the close of business will be automatically closed the following business day. If you choose to close your savings account using our Online Services, you must provide us with written notification within 10 days after the account is closed. If we do not receive written notification all interest accrued up to the day of closing will be forfeited. Available to Hawaii residents only. Not available to businesses. There is a limit of 6 electronic or preauthorized transfers and/or withdrawals from a Finance Factors savings account per calendar month. An online transfer would count towards this limit.
Balances below the minimum $100 will earn 0.10% for each day the balance is below the minimum and a $5 monthly service fee will be charged to the account for each month that the account is below the minimum balance at any time during the month. Accounts closed within 90 days of opening will be assessed an early closing fee of $25. Fees may reduce earnings on the account. Rate is subject to change at any time without notice. The Premier Savings Account is available to State of Hawaii residents and businesses only and may be discontinued at any time. Rates may be different for business accounts. Deposits are insured up to $250,000 by the FDIC.
Balance: $100,000 - $249,999.99
Balance: $500,000 and more; Open Now
Balance: $500,000 - $999,999
Fire Level: primary member is an active firefighter; Term from October 1 to September 30 annually; Maximum to earn is $10,000
Balance: $250,000 - $499,999
Balance: $250,000-$499,999; Open Now
Balance: $100,000 - $249,999
Balance: $50,000 and over
Lifeline Level: membership uninterrupted 10 years or more or $15,000 in combined share and loan balances; Term from October 1 to September 30 annually; Maximum to earn is $10,000
Balance: $100,000-$249,999; Open Now
Balance: $50,000-$99,999; Open Now
Balance: $25,000 - $49,999
Balance: $10,000 - $24,999
Balance: >$10,000.00
Balance: Over $10,000.00
Standard Level: all members unless qualified for other levels; Term from October 1 to September 30 annually; Maximum to earn is $10,000
Balance: $2,500 - $9,999
Balance: $50,000 - $99,999.99
Qualifying balance up to $50,000.00; Open Now
Balance: $5,000.01 - $10,000.00
Balance: $5,000.01 - $10,000.00
Balance: $2,000.01 - $5,000.00
Balance: $2,000.01-$5,000.00
variable; Required minimum share balance to earn stated APY is $100. Fees could reduce the stated APY. Early withdrawal penalty may apply to CD accounts. If you have any questions or require current rate and fee information on your accounts, please call the Credit Union at (808) 293-9063.
Balance: $1,000.01 - $2,000.00
Balance: $1,000.01 - $2,000.00
IRA Rates; Offer effective as of 1/1/2026 and subject to change without notice
Balance: $0.00 - $1,000.00
Balance: $0.00 - $1,000.00
To be eligible to open a YesSavings Account, you must have a Personal Priority Banking Gold or Platinum Checking Account. Balance Range: Less than $25,000.00. To qualify for the YesSavings bonus interest rate ("Bonus Interest Rate") during your monthly cycle, you must deposit at least $25 per month.
$100,000; $10 monthly fee for Average Daily Balance below $2,500
Share Savings Account; dividends computed on daily average balance and paid quarterly
Dividend Rate/APY; Minimum Balance to Earn APY: $25.00; Dividends compounded/credited quarterly; Individual Retirement Account
Maximum balance $5,000.00 (must be automatic deduction)
Balance: $500,000+; Dividends paid monthly
No minimum to earn APY
- Oct 6, 20260.25%▼ from 3.75%
- Sep 24, 20263.75%first recorded
Balance: Tier 4 $100,000 & Over; Interest Compounded/Paid: Daily/Monthly
Balance: Tier 1 $0 - $9,999.99; Interest Compounded/Paid: Daily/Monthly
$0 - $9,999.99; Interest Compounded/Paid: Daily/Monthly
Balance: $50,000 - $74,999.99
Interest Compounded/Paid: Daily/Monthly
Interest Compounded/Paid: Daily/Monthly
Balance: $0 - $19,999.99
Balance Range: $0.01+
Balance Range: $0.01+
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Hawaii Savings Rate Trends
Compare local Hawaii savings rate quotes against the statewide average
Daily savings rate averages tracked across our database of 8,500+ banks and credit unions, updated every evening.
Hawaii high-yield savings rates rose 0.017 points over the past 7 days to 2.041% APY, up from 2.024%.
Hawaii standard savings rates rose 0.095 points over the past 7 days to 0.499% APY, up from 0.404%.
Hawaii Savings Rate Forecast, Next 12 Months
Savings rates move with Federal Reserve policy. Our model uses the current HI high-yield average and a Fed funds spread to project the likely rate trajectory for 2026 to 2027.
Savings account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current HI high-yield savings average of 2.041% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: the Federal Reserve holds the federal funds rate at its current level over the next 12 months, with the possibility of one 25 basis point increase; deposit rates at banks and credit unions track policy-rate changes within 60 to 90 days. High-yield online savings rates tend to adjust faster than standard branch-based savings rates.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Hawaii.
Savings Account Earnings in Hawaii
Annual interest earnings at current HI average APYs, based on the high-yield and standard savings averages tracked in our database. Compounding assumed monthly.
| Balance | HY Savings (2.041% APY) | Monthly Earnings | Standard Savings (0.499% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $102.06 / year | $8.51 | $24.95 / year | $2.08 |
| $10,000 | $204.12 / year | $17.01 | $49.90 / year | $4.16 |
| $25,000 | $510.30 / year | $42.53 | $124.75 / year | $10.40 |
| $50,000 | $1,020.60 / year | $85.05 | $249.50 / year | $20.79 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, and daily balance maintained. Rates are variable and subject to change. Source: Hawaii savings rate averages as of October 13, 2026. | ||||
About Our Hawaii Savings Rate Database
MonitorBankRates tracks 112 savings rates from 6 banks and 20 credit unions offering savings accounts to Hawaii residents, including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website, no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1 to 5), and Texas Ratio, objective financial health metrics calculated from FDIC and NCUA regulatory data, so you can compare yield and institutional safety in one place.
Current top rate: Hawaii Schools Federal Credit Union offers a savings account at 5.00% APY. Use the rate table above to compare all current offers in Hawaii.
How to Find the Best Savings Rates in Hawaii
What to compare when shopping for a savings account in Hawaii
To find the best savings APYs in Hawaii, start with credit unions and online-only banks: Hawaii has 20 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate. APY reflects compounding and is the true measure of what you’ll earn. Savings accounts that compound daily earn slightly more than those compounding monthly at the same stated rate. The current HI high-yield savings average is 2.041% but top local institutions are offering as high as 5.00%, so shopping around pays off.
Unlike a CD, savings account rates are variable. Your rate can change at any time with Federal Reserve policy. Many institutions offer elevated introductory rates that reset after a promotional period. Review your account periodically to ensure your APY remains competitive.
When a High-Yield Savings Account Makes Sense
- Emergency fund: Financial experts recommend 3 to 6 months of expenses in a liquid, FDIC-insured account. Hawaii high-yield savings rates currently average 2.041% APY, far above a typical checking account.
- Short-term savings goals (6 to 24 months): If you may need the money soon, a savings account gives you immediate access without early withdrawal penalties.
- Parking cash between investments: A high-yield savings account at Hawaii institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally: 26 institutions in Hawaii report savings rates to our database.
- You’re among Hawaii’s 20.5% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return Hawaii CD rates
- You want check-writing flexibility Hawaii money market rates
- You need daily transaction access Hawaii checking rates
Hawaii Financial Snapshot
Local demographics and economic context for savers. Source: U.S. Census Bureau
20.5% of residents are 65 or older, above the national average of 17.3%, making liquid, accessible savings accounts a particularly relevant option in this market. At today’s HI high-yield savings average of 2.041%, saving 10% of the local median salary ($4,818/year) would earn an additional $98 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Savings Accounts vs. Other Hawaii Options
How high-yield savings accounts compare to other deposit products available at banks and credit unions in Hawaii.
| Feature | High-Yield Savings | Standard Savings | Money Market | CD (12-Month) |
|---|---|---|---|---|
| Current HI Avg APY | 2.041% | 0.499% | View MMA Rates | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✗ No | ✗ No | ✓ Often yes | ✗ No |
| Debit / ATM Card | Some institutions | ✗ Rarely | ✓ Often yes | ✗ No |
| Typical Min Deposit | $0 to $100 | $25 to $100 | $0 to $2,500 | $500 to $1,000 |
| Rate Risk | Variable, moves with Fed policy | Variable, moves with Fed policy | Variable, moves with Fed policy | None, locked for term |
| Best For | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Active savers wanting flexibility + check writing | Locking in a rate for a defined period |
APY data reflects Hawaii averages tracked in our database as of October 13, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Savings Calculators for Hawaii
At HI’s top rate of 5.00% from Hawaii Schools Federal Credit Union, a $10,000 deposit earns $500 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Hawaii earner is roughly $12,000. At 2.041% APY, saving $1,000/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. High-Yield SavingsHawaii’s high-yield savings average is 2.041% APY, variable and always accessible. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Hawaii earner makes $48,182/year. Track your income vs. expenses to find your monthly surplus, then put it to work at 2.041% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 2.041% APY grows to roughly $37,450 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Hawaii savings rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Savings Rate Data: We aggregate savings account rates for Hawaii directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every savings rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Hawaii. We feature a comprehensive mix of institutions, from neighborhood credit unions and competitive regional banks to large national institutions available to savers in HI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update savings rates daily. Because savings account yields can fluctuate rapidly, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Savings Accounts in Hawaii
What is a High-Yield Savings Account (HYSA)?
Are savings accounts in Hawaii safe?
How often do savings rates change in Hawaii?
Do I need a minimum deposit to open a savings account?
What is the difference between a Savings Account and a Money Market Account?
Are online banks better than local banks in Hawaii?
How do I open a savings account in Hawaii?
Best Savings Rates in Hawaii
- Hawaii Schools Federal Credit Union
Kids Club Savings: 5.00% APY - Kahuku Federal Credit Union
Christmas Club Savings: 4.06% APY - Kauai Federal Credit Union
Anuenue Savings: 4.00% APY - CIT Bank
Platinum Savings >=: 3.75% APY - Finance Factors
Premier Savings: 3.00% APY
Cities in Hawaii
