A bank account that earns dividends to help you save
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Overview
Why open a Savings Account with HFS?
"Someone's sitting in the shade today because someone planted a tree a long time ago."
-Warren BuffettWe’ve never encountered a member who regretted having saved, but we’ve met many remorseful they did not. When you save you give yourself the financial liberty to seize life’s big moments when they come your way. It may be a down payment on your new house, tuition to put your kids through college or just the peace of mind knowing that everything will be ok through life’s storms. Whatever the case, our caring staff and competitive rates will help you plant the seeds of your financial future.
- Detailed quarterly statements
- Competitive dividend rates
- 24/7 account access through Online Banking
- Withdraw funds with an HFS Share Card, surcharge free at any Bank of Hawaii ATM2
- Minimum balance of $50.00
- Earn dividends with an average daily balance of $100.00 or more
- Children earn dividends on their entire regular share account balance until age 18
Review
Makanazmom
I love the way I can access my savings online and manage it so I'm always aware of how close I am to my goals.
Special Savings Account
When you’d like to save for something special, you may consider opening a Special Savings Account. It’s like a regular Savings Account but funds are stored separately so managing your money stays simple.
- No minimum balance
- No monthly or annual maintenance fees
- Make deposits automatically from your other Savings Accounts
- Earn dividends at competitive interest rates
- Choose to designate as your Christmas Savings Account and we’ll automatically transfer the funds to your Savings or Checking on the 1st of November each year
Additional Info
Enhance your savings experience with these complementary Savings Account services:
- Automatic Payroll Deduction. A convenient way to automate your loan payments or monthly transfers from your paycheck.
- Direct Deposit. Electronically transfer payments from your employer or other payer directly into your Checking or Savings Account, saving you the time and hassle of cashing checks.
- Express Deposit and Night Drop. Conveniently located deposit boxes available at all HFS locations to deposit checks or make payments 24/7.
- Wire Transfers. Electronically transfer money from your account to other financial institutions accounts around the world.
- Share Card. Easily withdraw money from your Savings Account at any Bank of Hawaii ATM, surcharge free.2,3
1Rates are subject to change. Fees may reduce earnings.
2Other fees may apply for out-of-network ATMs.
3Share Cards may only be used to access funds from a regular Savings Account. Special Savings Accounts are not accessible via this method.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A non-refundable $1.00 fee is required to establish membership. A minimum opening balance of $50.00 is required to open a savings account. -
Reviews
Savings Accounts Reviews
Great great dealsVery satisfied with my bank. They offered me so many helpful resource
Great customer serviceStaff and management very good love the e statement
Very AccommodatingOverall, this credit union will do their very best to help customers with whatever help they can and to the best of their abilities.
Great Savings - Great AccountI love the way I can access my savings online and manage it so I'm always aware of how close I am to my goals.
Excellent Customer ServiceTended to by courteous and informed personnel. Banking is very convenient
My Review
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Rates & Fees
Rates Effective as of: 03-29-2023
Savings Accounts
Dividend Rate Annual Percentage Yield (APY) Dividend Compounded Dividends Credited Dividend Period Regular Share 0.15% 0.15% Monthly Monthly Monthly (calendar) Special Share 0.15% 0.15% Monthly Monthly Monthly (calendar) Business/Club 0.15% 0.15% Monthly Monthly Monthly (calendar) Effective Date: May 1, 2017
Rates subject to change. Fees may reduce earnings.
Truth in Savings Disclosure
Schedule of Fees and Charges- Consumer Accounts
Schedule of Fees and Charges- Business AccountsAdditional Info
There is a one-time $1.00 membership fee to open your account in addition to the $50.00 required minimum balance. A Savings Account is required to establish membership with the Credit Union.
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Calculator
Calculator
The Calculator Tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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FAQ
Frequently Asked Questions
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What documents do I need to become a member? How much does it cost?
To become a member of HFS, you must open at least a Savings Account. The following documents are needed to open your account:
- Legal name
- Date of birth
- Address (with verification such as a utility bill or paystub)
- Social Security Number
- Valid government issued picture identification
- $50.00 minimum deposit and a $1.00 one-time membership fee
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What documents do I need to become a member? How much does it cost?
Questions?
Drop us a message anytime with your questions about Savings Accounts.
