High-yield account rewards savings growth with offers up to 5% APY
HONOLULU — As the cost of living continues to rise across Hawaii, making it increasingly difficult for many residents to set aside savings, Hawaii State Federal Credit Union (Hawaii State FCU) has launched Always Saving, a new high-yield savings account designed to help members build financial stability over time. The account rewards steady balance growth with tiered interest rates, offering up to 5.00% Annual Percentage Yield (APY) on balances up to $5,000 and up to 3.00% APY on balances above $5,000.
“We see firsthand how rising housing, food, and everyday living costs are making it harder for many of our members to build their savings,” said Andrew Rosen, president and CEO. “As a member-owned credit union, we have a responsibility to respond to those challenges in ways that are practical and accessible. This account is designed to encourage consistent saving behavior and reward steady progress, helping members build long-term financial stability.”
Hawaii State FCU’s Always Saving account is designed for individuals and families working to build emergency savings, plan for future goals, save for important milestones, or everyday needs. While the account offers a base rate of 0.05% APY, it also offers the opportunity to earn up to 5.00% APY on balances up to $5,000 and up to 3.00% APY on balances above $5,000 when monthly balance growth is achieved.
Unlike many high-yield accounts that require large balances or complex activity, there is no set monthly contribution required to qualify for a higher rate, provided the account balance increases from the previous month. This allows members to establish their own savings goals and save at their own pace while still benefiting from increased earnings as their balance grows. The Always Saving account provides a structured way to build savings while reinforcing positive financial habits.
For more information about Hawaii State FCU’s Always Saving account, visit www.hawaiistatefcu.com/always-saving.
Disclosure:
- Annual percentage yields (APYs) are subject to change at any time without notice. The minimum balance to open the account is $100. A $5 monthly service charge applies if the account’s average daily balance falls below $500 for the month. You will have 60 days from account opening to obtain the minimum average daily balance before the monthly service fee is assessed. This 60-day waiver applies only to new Always Saving accounts, not converted accounts. Fees may reduce earnings.
- To earn the higher rate, your balance must be higher than it was during the previous month when we review accounts for qualifications (excluding dividends for the current month). If it doesn’t increase, the base rate of 0.05% APY applies to the entire balance.
For more information, visit Always Saving | Hawaii State FCU or contact the Credit Union. Available to Hawaii residents only. Credit Union membership is required. Federally insured by NCUA. Rates effective 05/01/2026.