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Best Savings Accounts in Hawaii of August 2022

Victoria Daniel

With a population of approximately 1.4 million, Hawaii has dozens of banks offering services to its residents. These banks provide a wide variety of high-yield savings accounts. Whether you are looking for an online or brick-and-mortar option, there is an option best suited for you.

When shopping around, compare the annual percentage yields (APY) offered by each banking service. An account that has a high APY will maximize the returns on every dollar spent. The account fees and minimums also need to be considered. For example, some banks have high monthly fees and an initial minimum deposit and balance requirement. Your goal is to find an account with a high APY and low service charges.

Finding an account that is best for your financial needs can be a hassle. We hope to make this easier for you. WalletBrain took an extensive look at some of the available options, considering the APYs, account fees, and other features.

Use our review of some of the best savings accounts in Hawaii to find the most suitable match for you today.

Earn 19x higher than the national average

$0

Min. To Earn APY

1.90%

Est. APY

Overview

This savings account is unique where you need to deposit $100 a month to get the highest APY. If you don't deposit $100+ a month, then you need to maintain $25,000 in the account. If you don't do either, you won't receive the higher end APY.

What we like

  • No monthly fees
  • FDIC Insured
  • No minimum balance fees
  • Online banking

What we don't

  • Minimum opening deposit
  • No ATM access
  • Tiered APY

Track your savings through online banking or the mobile app

$0

Min. To Earn APY

1.85%

Est. APY

Overview

Quontic Bank high yield savings account provides you with the opportunity to accrue interest at a rate 15x higher than the national average. Interest compounds daily and is paid into your account every month.

What we like

  • Mobile and online banking
  • Competitive interest rate
  • No monthly service fees
  • Interest compounded daily

What we don't

  • Limited access to physical branches
  • No sign up bonus
  • $100 minimum deposit requirement

No monthly, minimum, and overdraft fees

$0

Min. To Earn APY

0.61%

Est. APY

Overview

This savings account will provide a flat APY regardless of your balance, and you won't worry about monthly fees. A great perk with this account is you can request a free ATM card.

What we like

  • No monthly fees
  • Interest compounded daily
  • Free ATM card

What we don't

  • No physical branch
  • No sign up bonus

Provides access to money management tools

$0

Min. To Earn APY

0.03%

Est. APY

Overview

First Citizen Bank savings account is an online account that charges no monthly fees, but you need to make a minimum deposit of $50 to open this account.

What we like

  • Mobile and online banking
  • Money management tools
  • No monthly service fees
  • ATM card available
  • FDIC Insured

What we don't

  • Limited no-fee withdrawals
  • High wire transfer fee