Savings Accounts with HFS Federal Credit Union

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0.15% APY1

"Friendly and professional service with a smile and lots of aloha."
- T.

Open a Savings Account

Aloha and thank you for thinking of HFS Federal Credit Union. We’d love to help you open a Savings Account and become a member today. Complete your application online or visit your nearest HFS branch.

Online Application

Find a Branch

For your convenience we have a Consumer Account Checklist with items you will need to open your account.

If you are currently an HFS member and would like to add a Special Shares Account, please visit any HFS branch and a Member Service Representative would be happy to assist you. Stay tuned, we will be releasing online applications for current members within Online Banking soon.

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A bank account that earns dividends to help you save

  • Overview

    “Someone’s sitting in the shade today because someone planted a tree a long time ago.”
    -Warren Buffett

    We’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 dividend rates will help you plant the seeds of your financial future.

    Savings Account Features & Benefits

    Here's what you get when you sign up for a Savings Account:

    • 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 Star Rating

    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

    HFS Kids Club

    Do you want to give your keiki a jump start on saving? At HFS we believe that it's never too early to start! We're here to help you make it as easy as possible to instill healthy money habits for your child as they grow.

    • Special new account opening gift
    • Open an account with just $5.00 minimum deposit!
    • Receive a toy with every deposit at the branch
    • Waiakea Elementary School, Kea‘au Elementary School, and St. Joseph Elementary School students and parents, get more information about our In-School Program

    More About Savings Accounts

    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 across the country.
    • Share Card. Easily withdraw money from your Savings Account at any Bank of Hawaii ATM, surcharge free.2,3

     

    Why Open a Savings Account with HFS?

    A savings account is a stepping stone in your financial journey. It can be different things to many people such as a rainy day fund, a vacation fund, or maybe your future home down payment. whatever you are saving for let HFS keep your money safe until  you need it.

    1 APY= Annual Percentage Yield. The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings. The minimum balance to earn the stated dividend rate is $100.00.
    All current and available dividend rates and fees     are available in the Rates and Fees tab.
    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 minimum opening balance of $50.00 is required to open a Savings Account.

  • Reviews

    Savings Accounts Reviews

    by Jamaica
    Great great deals

    Very satisfied with my bank. They offered me so many helpful resource

    by Kainaliu
    Great customer service

    Staff and management very good love the e statement

    by Ntmaryk
    Very Accommodating

    Overall, this credit union will do their very best to help customers with whatever help they can and to the best of their abilities.

    by Makanazmom
    Great Savings - Great Account

    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.

    by Dave
    Excellent Customer Service

    Tended to by courteous and informed personnel. Banking is very convenient

    My Review

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  • Rates & Fees
    Rates Effective as of: 04-01-2023

    Savings Accounts

    Account TypeDividend RateAnnual Percentage Yield (APY)Dividend CompoundedDividends CreditedDividend Period
    Regular Share0.15%0.15%MonthlyMonthlyMonthly (Calendar)
    Children's Savings0.15%0.15%MonthlyMonthlyMonthly (Calendar)
    Special Share0.15%0.15%MonthlyMonthlyMonthly (Calendar)
    Business/Club0.15%0.15%MonthlyMonthlyMonthly (Calendar)

    (1)APY= Annual Percentage Yield. The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings. The minimum balance to earn the stated dividend rate is $100.00.

    The dividend rates and fees may change after the account is opened and are subject to change. Fees may reduce earnings. The minimum balance to earn the stated dividend rate is $100.00 for Regular Share and Business Share. There are no minimum balance requirements for Children's Savings and Special Share.

    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 minimum opening balance of $50.00 is required to open a Regular Savings Account.
    Truth in Savings Disclosure
    Schedule of Fees and Charges- Consumer Accounts
    Schedule of Fees and Charges- Business Accounts

    Additional Info

    A Savings Account is required to establish membership with the Credit Union.

  • Calculator

    Calculator

    Calculate your savings

    • $

    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.

  • FAQ

    Frequently Asked Questions

    • 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
      • $5.00 minimum deposit (for minors) or $50.00 minimum deposit (for adults)

      Click here for a helpful document checklist to bring with you.

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Questions?

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Drop us a message anytime with your questions about Savings Accounts.

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