Hawaii Savings Rates - September 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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The best savings rates for Hawaii include 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, Pentagon Federal Credit UnionPentagon Federal Credit UnionBuilding 553, Fort Shafter, HI 96858A5.0 ★Texas Ratio: 8.37%Real return: -0.10%APY minus 2.8% CPI (February 2026) Premium Online Savings Account at 2.70% APY, First Hawaiian BankFirst Hawaiian Bank2411 S King St, Honolulu, HI 96826A+5.0 ★Texas Ratio: 1.55%Real return: -0.45%APY minus 2.8% CPI (February 2026) YesSavings Account at 2.35% APY, Big Island Federal Credit UnionBig Island Federal Credit Union16 594 Kipimana St, Keaau, HI 96749 8021A+5.0 ★Texas Ratio: 0.82%Real return: -0.78%APY minus 2.8% CPI (February 2026) IRA Share at 2.02% APY, and Bank of HopeBank of Hope1000 Bishop St, Honolulu, HI 96813A+5.0 ★Texas Ratio: 5.65%Real return: -0.80%APY minus 2.8% CPI (February 2026) Kids Savings at 2.00% APY.
Use the tables below to compare savings rates across Hawaii side-by-side. Hawaii savings rates currently reach as high as 3.00% APY from Finance Factors at 1164 Bishop St, Honolulu, HI 96813. 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: September 21, 2026
Compare the Best Savings Rates in Hawaii
Balance: $100,000 and over; Available to State of Hawaii residents and businesses only.
$5 minimum balance to open
Balance: $50,000 - $99,999.99; Available to State of Hawaii residents and businesses only.
To qualify for the YesSavings bonus interest rate ("Bonus Interest Rate") during your monthly cycle, you must deposit at least $25 per month. If you qualify for the Bonus Interest Rate, you will earn a Combined Interest Rate which is the base interest rate plus Bonus Interest Rate. If you do not qualify for the Bonus Interest Rate for a monthly cycle, the base interest rate ("Interest Rate") will apply. You may re-qualify to earn the Bonus Interest Rate in any subsequent monthly cycle by meeting the condition stated above. The rates may change after the account is opened.
Balance: $250,000.00 to $999,999.99; To qualify for the YesSavings bonus interest rate ("Bonus Interest Rate") during your monthly cycle, you must deposit at least $25 per month. If you qualify for the Bonus Interest Rate, you will earn a Combined Interest Rate which is the base interest rate plus Bonus Interest Rate. If you do not qualify for the Bonus Interest Rate for a monthly cycle, the base interest rate ("Interest Rate") will apply. You may re-qualify to earn the Bonus Interest Rate in any subsequent monthly cycle by meeting the condition stated above. The rates may change after the account is opened.
Balance: $100,000.00 to $249,999.99; To qualify for the YesSavings bonus interest rate ("Bonus Interest Rate") during your monthly cycle, you must deposit at least $25 per month. If you qualify for the Bonus Interest Rate, you will earn a Combined Interest Rate which is the base interest rate plus Bonus Interest Rate. If you do not qualify for the Bonus Interest Rate for a monthly cycle, the base interest rate ("Interest Rate") will apply. You may re-qualify to earn the Bonus Interest Rate in any subsequent monthly cycle by meeting the condition stated above. The rates may change after the account is opened.
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Co-owned with parent or guardian; Complimentary Kids Savings stackable money bank and passbook at new account opening
Balance: $100 - $49,999.99; Available to State of Hawaii residents and businesses only.
Balance: $25,000.00 to $99,999.99; To qualify for the YesSavings bonus interest rate ("Bonus Interest Rate") during your monthly cycle, you must deposit at least $25 per month. If you qualify for the Bonus Interest Rate, you will earn a Combined Interest Rate which is the base interest rate plus Bonus Interest Rate. If you do not qualify for the Bonus Interest Rate for a monthly cycle, the base interest rate ("Interest Rate") will apply. You may re-qualify to earn the Bonus Interest Rate in any subsequent monthly cycle by meeting the condition stated above. The rates may change after the account is opened.
To qualify for the YesSavings bonus interest rate ("Bonus Interest Rate") during your monthly cycle, you must deposit at least $25 per month. If you qualify for the Bonus Interest Rate, you will earn a Combined Interest Rate which is the base interest rate plus Bonus Interest Rate. If you do not qualify for the Bonus Interest Rate for a monthly cycle, the base interest rate ("Interest Rate") will apply. You may re-qualify to earn the Bonus Interest Rate in any subsequent monthly cycle by meeting the condition stated above. The rates may change after the account is opened.
Minimum Balance: $25.00; Dividends Compounded/Credited: Quarterly
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Balance: $40,000.01 or greater
Balance: $40,000.01 or greater
Balance: $100,000.01 +
Balance: $40,000.01 to $100,000
Balance: $10,000.01 - $40,000.00
Balance: $10,000.01 - $40,000.00
Balance: $20,000.01 to $40,000
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Dividends are compounded and credited monthly. Fees could reduce earnings on the account.
Balance: Up to $20,000
Minimum Balance: $100.00; Dividends Compounded/Credited: Quarterly
Balance: $100,000 & Over
Balance: $0 - $9,999.99
Balance: $0 - $9,999.99
Balance: $50,000 - $74,999.99; Interest Compounded/Paid: Daily/Quarterly
Balance: $0 - $9,999.99
Balance: $0 - $9,999.99
Balance: $0 - $19,999.99; Interest Compounded/Paid: Daily/Quarterly
Interest Compounded/Paid: Daily/Quarterly
The rates may change after the account is opened.
The rates may change after the account is opened.
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 0.110 points over the past 7 days to 1.968% APY, up from 1.858%.
Hawaii standard savings rates rose 0.013 points over the past 7 days to 0.814% APY, up from 0.801%.
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 2026–2027.
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 1.968% 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 60–90 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 (1.968% APY) | Monthly Earnings | Standard Savings (0.814% APY) | Monthly Earnings |
|---|---|---|---|---|
| $5,000 | $98.41 / year | $8.20 | $40.68 / year | $3.39 |
| $10,000 | $196.82 / year | $16.40 | $81.36 / year | $6.78 |
| $25,000 | $492.05 / year | $41.00 | $203.40 / year | $16.95 |
| $50,000 | $984.10 / year | $82.01 | $406.80 / year | $33.90 |
| 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 September 22, 2026. | ||||
About Our Hawaii Savings Rate Database
MonitorBankRates tracks 47 savings rates from 5 banks and 9 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 (1–5), 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: Finance Factors offers a savings account at 3.00% 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 9 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 1.968% but top local institutions are offering as high as 3.00%, 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 3–6 months of expenses in a liquid, FDIC-insured account. Hawaii high-yield savings rates currently average 1.968% APY, far above a typical checking account.
- Short-term savings goals (6–24 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: 14 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 1.968%, saving 10% of the local median salary ($4,818/year) would earn an additional $95 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 | 1.968% | 0.814% | 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 – $100 | $25 – $100 | $0 – $2,500 | $500 – $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 September 22, 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 3.00% from Finance Factors, a $10,000 deposit earns $300 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 1.968% 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 1.968% 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 1.968% APY.
Retirement PlannerA $25,000 high-yield savings balance earning 1.968% APY grows to roughly $36,918 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
- Finance Factors
Premier Savings: 3.00% APY - Pentagon Federal Credit Union
Premium Online Savings Account: 2.70% APY - First Hawaiian Bank
YesSavings Account: 2.35% APY - Big Island Federal Credit Union
IRA Share: 2.02% APY - Bank of Hope
Kids Savings: 2.00% APY
Cities in Hawaii
