Best Banks in Hawaii
Written by
Rudri Patel
Edited by
Elizabeth Constantineau
Hawaii’s unique location and culture are reflected in its banking options. Regional banks like First Hawaiian Bank have personalized service and ties to the island with financial products tailored to residents and businesses. National banks like American Savings Bank provide a wide range of account options and expansive ATM networks. Hawaii’s banking landscape has options for everyone. GOBankingRates has a list of Best Banks By State for 2025 that can help you narrow down what option may work for your financial goals.
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GOBankingRates' editorial team is committed to bringing you unbiased bank reviews and information. We use data-driven methodologies to evaluate financial products and services - our reviews and ratings are not influenced by advertisers. You can read more about our editorial guidelines and our in-depth bank review methodology.
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TOP HAWAII BANKS AT A GLANCE
Bank/Institution
Savings APY
Notable Features
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Detailed Reviews of the Best Banks in Hawaii
The bank you use can play a big role in your financial journey. These are some of the best Hawaii banks to consider.
Gold Winner: First Hawaiian Bank
First Hawaiian Bank is Hawaii’s oldest and largest bank, with branch and ATM locations on four islands. It offers a range of products and services for nearly every situation.
Best For
Mobile Banking
Credit Cards
Personal Loans
Low Minimum Deposits
Auto Loans
Open a Checking Account With No Minimum Balance
First Hawaiian Bank combines the convenience of modern banking with the personal touch of a community institution. Customers benefit from a wide range of products — from everyday checking and savings accounts to loans, credit cards and investment services — all designed to meet the needs of Hawaii’s residents and businesses.
Total Branch Locations
Over 40
Mobile App Rating
4.7 on the Apple App Store and 3.2 on Google Play
Other Products Offered
Checking, savings, CDs, home, auto and personal loans, credit cards, investment and insurance products
Pros
- Maintenance fees can be waived on checking accounts
- Link savings to checking for overdraft protection
- CDs with competitive interest rates
Cons
- Android users may find the app to be problematic
- Interest-bearing checking account has high balance requirement to waive fee
Why We Like First Hawaiian Bank
First Hawaiian Bank provides banking products and services for every age and stage — whether you’re just starting out, are established in your career or are looking at retirement. Accounts work together and provide benefits to those who do all their banking in the same place.
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Silver Winner: Central Pacific Bank
Central Pacific Bank has deposit products for everyone, from teens to senior citizens. It has an A+ rating from the Better Business Bureau.
Best For
Loan Options
Low Minimum Deposits
Mobile Banking
Low Monthly Fees
Business Banking
Interest-Earning Checking Accounts
Central Pacific Bank stands out with its wide variety of checking and savings options, including the Shaka digital checking account, which pays interest, and has no monthly maintenance fee if you have online statements.
Total Branch Locations
Over 20
Mobile App Rating
4.9 on the Apple App Store and on Google Play
Other Products Offered
Checking, savings, CDs, IRAs, home, personal loans, auto loans, business banking products, credit cards
Pros
- Digital checking account pays up to APY
- Easily avoid fees with online statements
- Access direct deposit up to two days early
Cons
- Interest on some savings accounts is paid quarterly
- Must open CD accounts in person to get the best rate
Why We Like Central Pacific Bank
The Shaka digital checking account at Central Pacific Bank is hard to beat. As long as you have 15 point-of-sale transactions and one direct deposit each statement period, you’ll earn APY on your balance up to $20,000.
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Bronze Winner: American Savings Bank
American Savings Bank is one of Hawaii’s best banks, serving customers across the islands for more than 90 years. The bank holds an A+ rating from the Better Business Bureau and consistently earns strong marks for customer service.
Best For
Low Minimum Deposits
Student Loans
Low Monthly Fees
Mobile App
Personal Loans
High Promotional CD Rates
American Savings Bank offers a full line of deposit products, including checking, savings and money market accounts. It also offers CDs with promotional interest rates up to APY. You can open an account online in just a few minutes.
Total Branch Locations
35
Mobile App Rating
4.7 on the Apple App Store and 4.2 on Google Play
Other Products Offered
Checking, savings, money market, CDs, mortgages, student loans, personal loans, lines of credit, investment accounts, insurance
Pros
- Interest-bearing checking accounts
- Competitive promotional CD rates
- Can open accounts online
Cons
- Savings interest rates are low
- Longer term CD rates are low
Why We Like American Savings Bank
Customers can do all their banking in one place at American Savings Bank — either online or in a branch. From interest-bearing checking and savings accounts to CDs and IRA accounts, plus home, personal and student loans, American Savings Bank can be your only bank.
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Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Research Methodology
To discover the Best Banks by state, GOBankingRates analyzed the top institutions (excluding online banks and neobanks) by state branch locations. To determine rankings, GOBankingRates looked at the following factors: (1) total assets as sourced from the FDIC; (2) checking product minimum deposit; (3) monthly checking fee ratio (percentage of the minimum to avoid fees compared to the monthly fee itself); (4) savings product minimum deposit; (5) savings product APY; (6) Bauer rating (out of 5 stars); (7) products/services offered (auto loans, mortgage loans, credit cards, investment services and insurance); and (8) the average mobile app rating between the Google Play (Android) and Apple stores. All factors were then scored and combined, with the lowest score being the best. Factors (1), (2) and (4) were weighed 0.5 times, factor (5) was weighed 2.5 times and factor (7) was weighed 1.5 times. All products and offerings had to be available as of Nov. 8, 2024, to be considered. Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Aug. 21, 2025.
To qualify as one of the Best Banks in the state, the institution needed at least five branch locations in the respective state, with some exceptions for larger and/or smaller states.
How To Choose the Right Bank in Hawaii
When it comes to choosing the right bank in Hawaii, you first want to consider what is important to you.
- Community connection: You may want a local bank that knows your community, but offers the products and services of a bigger bank, like online banking and a mobile app.
- Rates and products: You may make your decision based solely on getting the best rates — although rates can change, so keep that in mind.
- Local impact: Consider if it is important to you that your bank be active in the local community, supporting local causes and promoting financial literacy in your area.
Conclusion
Choosing the right bank in Hawaii means prioritizing what is most important to you and seeing how each bank measures up. Consider the options above and, once you’ve made your choice, go to a local branch near you or online and start your application today!
FAQs About Banking in Hawaii
Here’s more information to help you find the best Hawaii bank for your needs.- What is the best bank for high-yield savings in Hawaii?
- Many banks in Hawaii offer high-yield savings accounts and interest rates change often. For the best rates right now, consider the Shaka account at Central Pacific Bank or the Right By You Savings account at Hawaii State Federal Credit Union.
- Which banks have the most ATMs in Hawaii?
- Bank of Hawaii operates the largest branch network in the state. When it comes to ATMs, some banks give customers access through nationwide networks, which makes it less straightforward to determine which institution truly has the most machines available locally.
- Are there any banks in Hawaii with no monthly fees?
- There are several banks in Hawaii that offer checking and savings accounts that have service fees that are easily waived. For example, American Savings Bank’s Kalo Essentials Checking has no fee if you enroll in online banking and get e-statements.
More Resources for Banking
Best Banks
Best Checking Accounts
Best Savings Accounts
CD Account Rates
Best Money Market Accounts
Karen Doyle contributed to the reporting for this article.
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