4.00% Reward Checking Account at a Hawaii CU (Hawaii USA)


Update 3/04/09: The top rate has fallen to 4.00% APY.

Hawaii USA FCU has started a reward checking account called Elite Checking that pays 4.00% APY on balances up to $25,000 (0.25% for above) and refunds ATM fees up to $20 per month if the following monthly requirements are met:
  • 10 debit card purchases
  • one direct deposit or ACH debit
  • receive eStatements
If these requirements are not met, the rate falls to 0.10%. Minimum $20 is required to open the account. There are no monthly maintenance fees or minimum balance requirements.

Membership is open to employees, retirees, students and their parents of most of the schools (pre-school through 12th grade) in Oahu and Maui. There's also a long list of Select Employee Groups in which you can be eligible to join. Please see their Who Can Join Page for the full details. Membership requires a minimum balance of $5 in the Primary Share Savings Account.

A reader mentioned that this credit union offers shared banking with mainland credit unions. Refer to their CU Service Center Page for more details.

Branches are located in the Hawaii cities of Honolulu, Aiea, Kaneohe, Mililani, Waipahu, Kapolei and Kahului. The credit union is federally insured by the NCUA (Charter # 1815). It has $943 million in assets and 126,533 members.

Thanks to the reader who mentioned this reward checking in the comments.

Other Rewards Checking Accounts

To find reward checking accounts in other areas of the nation or to learn more about these accounts, please refer to my High Yield Checking website.

Rate History:
03/04/09: 4.00% APY up to $25K; 0.25% over $25K
06/29/08: 4.25% APY up to $25K; 0.50% over $25K; 0.10% base
Related Pages: HawaiiUSA Federal Credit Union, Honolulu, checking account, reward checking account

  |     |   Comment #1
Apparently the top rate has dropped to 4.00% APY.
  |     |   Comment #2
Rate is down to 2.10% as of 1/18/2011

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