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Savings Accounts

"HFS made opening a savings account a quick and easy process with such professionalism and a friendly aloha attitude."

- Melanie



A bank account that earns dividends to help you save


“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.

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.

Rates as high as 0.15% APY1

Final Balance

Contributions:     |    Earnings: 

Savings Account Features & Benefits

Here's what you get when you sign up for a Savings Account:
Explore all the features


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

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 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


Participating Elementary Schools, 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

We have just moved to the Big Island from the mainland so we opened an account at HFS Federal Credit Union. We appreciate their helpful 'ohana style service and availability in our community.

— Adam

Frequently Asked Questions

  • 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.


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

  • 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. View all current and available dividend rates and fees.

    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.