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Hawaii National Bank Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Hawaii National Bank Savings
0.12% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Founded in 1960, Hawaii National Bank has assets totaling $664 million along with deposits totaling $602 million, which makes the institution a medium-size bank. Hawaii National Bank, whose headquarters are in Honolulu, Hawaii, lacks premium access to support representatives, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with access to service representatives at a physical location, in addition to its online and mobile offerings. Coming in at a commendable 4.2 out of 5 stars, Hawaii National Bank proves it is a great bank that you should seriously consider. Hawaii National Bank provides customers with a varied selection of banking products, which include savings accounts, checking accounts, money market accounts, CDs, IRAs, mortgage products and credit cards. Hawaii National Bank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, Hawaii National Bank's standard checking account does not have a monthly fee. Institutions that offer free checking as well as a high savings APY are the best bet for getting the most income on your deposits alongside convenient access to your funds.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

2.8
SmartAsset Average: 3.5

With a savings rate of 0.12%, Hawaii National Bank ranks poorly compared to other U.S. banks. Hawaii National Bank's CD rates are 0.20% and 0.35% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account has an APY of 0.10%. Given its noncompetitive savings rate, you should think about choosing another bank to earn more on your deposits.

How Hawaii National Bank's Savings Rates Compare

Hawaii National Bank Savings 0.12 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Hawaii National Bank generally has extremely low fees compared to the national average. Its checking account has no monthly fee, which makes it excellent for anyone looking for a simple account. Hawaii National Bank unfortunately does not reimburse out-of-network ATM charges, which means you'll need to search for a Hawaii National Bank ATM or accept the fee.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

3.8
SmartAsset Average: 3.7

Hawaii National Bank is a brick-and-mortar bank, with 14 total branches in Hawaii. It also offers access to mobile and web apps for simple access and banking on the go. Hawaii National Bank gets moderate reviews from users for its mobile platform. The Hawaii National Bank mobile app has an overall rating of 3.7 out of 5 (out of 3 ratings on Apple and Android) compared to the national average of 3.8. You can utilize Hawaii National Bank's mobile app to manage your bank accounts by reviewing monthly statements, sending and receiving funds and reaching customer service. Hawaii National Bank receives an excellent consumer satisfaction score based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 3.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

5.0
SmartAsset Average: 4.8

Hawaii National Bank is a medium-size bank owning assets totaling $664 million and $602 million in deposits. Its Texas Ratio is 0.06%, suggesting a minute chance of failure. Additionally, Hawaii National Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Hawaii National Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.12% APY $100
Checking Account 0.07% APY $2500
Certificates of Deposit
  • 12 Month: 0.20% APY
  • 24 Month: 0.35% APY
  • 36 Month: 0.35% APY
  • 48 Month: 0.35% APY
  • 60 Month: 0.35% APY
$2500 for all terms
Money Market Accounts 0.1% APY 0.1% APY $10000 $15000

Hawaii National Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs that provide you with many options to manage your money. Hawaii National Bank does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Hawaii National Bank's CD rates are fair as compared against the national average.

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Find a Hawaii National Bank Near Me

Hawaii National Bank has 14 locations across the U.S.

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