For people who love to save, Bank of Hawaii is offering a bonus rate to reward savings that go into your account and don’t come out. Also, for a limited time, you can now get an additional $100 bonus just for opening a new Bonus Rate Savings account.
How to Earn Your Bonus Rate
To get the bonus savings rate, all you have to do is make a deposit of $25 or more into your Bonus Rate Savings account, or a $100 deposit to your Bonus Rate Savings Plus account, and not make a withdrawal each month. This deal could be great for people who already have a checking account but are looking for somewhere to put away some extra cash that they know they won’t need to touch for a while.
If these conditions are met, you will get the regular Variable Savings Rate, with the Bonus Variable Rate simply added on top. The size of the base rate varies according to the amount you have in the account, but the bonus rate remains the same for any account, adding 0.10% to any regular Bonus Rate Savings & Bankohana Bonus Rate Savings accounts, and 0.50% to any Bonus Rate Savings Plus & Bankohana Bonus Rate Savings Plus accounts.
The Open Account Bonus
To earn up to $100 for opening an account, you must open a account with a minimum balance of $10,000. For deposits up to $24,999 you will receive a $25 bonus, from $25,000 to $99,999 you will get a $50 bonus, and for deposits above $100,000 you will get the full $100 bonus.
While with these levels of deposits the bonuses may not seem huge, if you are planning on moving you money into a savings account anyway it is a nice added incentive, especially with the additional possibility of gaining the bonus rate as well.
For more information of this deal from Bank of Hawaii, visit the promotional site here.