Bank of Hawaii Offer

Bonus Details

Tiered cash bonus of up to $300: earn $75 with $5,000 in new money deposits, $150 with $10,000, or $300 with $20,000. The bonus is applied to the qualifying savings account as a statement credit within 120 days of account opening.

How To Qualify

Open a new Regular Savings, Bonus Rate Savings, or Bankohana Bonus Rate Savings account with at least $100. Deposit $5,000, $10,000, or $20,000 in new money from another financial institution within 30 days to earn $75, $150, or $300, respectively. Maintain the corresponding daily balance every day on days 31–90; falling below it, even because of fees, forfeits the bonus. Keep the account open and in good standing until payout.

The Fine Print

Monthly Fees: $5
Household Limit: One savings bonus per account per customer
Account Type: Personal Bank Account
Expiration Date: None Listed
Additional Requirements: Limit one savings bonus per account per customer. Customers who received another savings offer in 2024 or later are not eligible. A Bankohana Bonus Rate Savings account requires a Bankohana Checking account, which can be opened with a $500 deposit.
Availability: Hawaii

Monthly Fee Details

Regular Savings: $5/month, waived with $300 minimum daily balance. Bonus Rate Savings: $5/month, waived with $500 minimum daily balance or $25 in monthly deposits and no withdrawals. Bankohana Bonus Rate Savings: no monthly service fee. Closing within 180 days costs $40.

Early Account Closure Fee

Accounts closed within 180 days of account opening are assessed a $40 early closing fee.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

To qualify for the bonus, make your 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 the required Daily Account Balance every day from Day 31 through Day 90 after Account opening ("Maintenance Period") to qualify for the bonus. If your Daily Account Balance falls below the required amount for even one (1) day during the Maintenance Period (even if due to a fee imposed on your account), you will not receive the bonus. Your Account must remain open and be in good standing at the time of the bonus award. 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% 0.02% 0.03% $10,000 0.01% 0.01% 0.02% 0.03% $25,000 0.01% 0.01% 0.02% 0.03% $100,000 0.02% 0.02% 0.02% 0.04% Bankohana Bonus Rate Savings# $100 None $1 0.02% 0.02% 0.02% 0.04% $10,000 0.02% 0.02% 0.02% 0.04% $25,000 0.02% 0.02% 0.02% 0.04% $100,000 0.03% 0.03% 0.02% 0.05% * Although the minimum balance to open each account is $100, a higher deposit(s) of $5,000 or more is required to qualify for the bonus. † Regular Savings Monthly Service Fee waived when you meet a minimum Daily Ledger Balance of $300. §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. Accounts closed within 180 days of account opening will be assessed an early closing fee of $40.