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Best Money Market Accounts in Hawaii of November 2022

Mary Gilman

There are dozens of banks in Hawaii offering a wide range of money market accounts. These accounts can be a smart choice if you want to build your savings and maintain easy access when you need it.

When choosing a money market account, consider the rate of return. The higher the rate, the higher you are earning per dollar saved. Apart from the interest rate, also consider the minimum requirements. For example, most accounts with a higher interest rate come with high minimum opening deposits with a limited number of withdrawals within a specific period.

Some accounts may require you to write drafts to access funds or have other restrictions regarding ease of access. If you are saving towards an emergency fund, you may require unlimited access to the funds if an unexpected expense occurs. We suggest you find an account that offers ATM, online, or mobile access.

Shop around, compare the interest rates, account fees, minimum requirements, ease of access, and whether it’s FDIC-insured. The best accounts offer a combination of these features.

We reviewed some of the top money market accounts in Hawaii. Use our picks to compare and find the most suitable match for you today.

Access to a debit card

0.25%

Est. APY

$0

Min. To Earn APY

Overview

Axos offers no monthly fees and no minimum balance requirement but requires $1,000 to open the account which you can take out after opening.

What we like

  • No monthly fees
  • Access to debit card
  • Access to check writing

What we don't

  • No physical branch
  • $1,000 to open account

Schedule payments with Bill Pay

1.55%

Est. APY

$0

Min. To Earn APY

Overview

Build your savings with an above-average APY.

What we like

  • No monthly fees
  • FDIC Insured
  • Bill Pay feature

What we don't

  • Online banking only
  • Excess transaction fees
  • Overdraft fee

Interest compounded daily

3.00%

Est. APY

$0

Min. To Earn APY

Overview

Quontic provides a money market account that offers a competitive interest rate, which accrues daily. Also, customers can receive a debit card for the account.  

What we like

  • Competitive interest rate
  • Interest compounded daily
  • Debit card available

What we don't

  • Transfer and withdrawal limits

Fee-free access to ATMs

3.83%

Est. APY

$0

Min. To Earn APY

Overview

UFB Money Market Account comes with a debit card (you must request it) and allows fee-free access to any ATM within the US. 

What we like

  • Access to ATMs
  • High APY
  • No minimum balance requirements
  • Compliementary debit card

What we don't

  • $5,000 minimum to avoid monthly fees
  • No physical branches