Best Money Market Rates in Hawaii - August 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Hawaii money market deposit account rates include HawaiiUSA Federal Credit UnionHawaiiUSA Federal Credit Union1226 College Walk, Honolulu, HI 96817A+5.0 ★Texas Ratio: 2.31%Real return: +0.20%APY minus 2.8% CPI (February 2026) Business Money Market Account at 3.00% APY, Ko`olau Federal Credit UnionKo`olau Federal Credit Union6699 Mokapu Rd, KAILUA, HI 96734A+5.0 ★Texas Ratio: 3.02%Real return: -1.15%APY minus 2.8% CPI (February 2026) Money Market at 1.65% APY, Hawaii Law Enforcement Federal Credit UnionHawaii Law Enforcement Federal Credit Union801 S Beretania St, Honolulu, HI 96813A+5.0 ★Texas Ratio: 2.71%Real return: -1.25%APY minus 2.8% CPI (February 2026) Money Market at 1.55% APY, Hawaiian Financial Federal Credit UnionHawaiian Financial Federal Credit Union1138 N King St, Honolulu, HI 96817A+5.0 ★Texas Ratio: 2.48%Real return: -1.30%APY minus 2.8% CPI (February 2026) VIP Money Market at 1.50% APY, and CU Hawaii Federal Credit UnionCU Hawaii Federal Credit Union75 5781 Kuakini Hwy, Kailua Kona, HI 96740 1734A+5.0 ★Texas Ratio: 0.94%Real return: -1.30%APY minus 2.8% CPI (February 2026) Money Market at 1.50% APY. Money market rates as of August 28, 2026 according to verified data from MonitorBankRates.
Use the tables below to compare money market rates across Hawaii side-by-side. Hawaii money market rates currently reach as high as 3.00% APY from HawaiiUSA Federal Credit Union at 1226 College Walk, Honolulu, HI 96817. Rates are continually updated — we recommend checking back frequently.
Rates reflect recent market quotes and representative offers available to depositors in Hawaii and surrounding area. Last Updated and Verified: August 28, 2026
Compare the Best Money Market Rates Today in Hawaii
$500,000.00 - $999,999.99
$250,000.00 - $499,999.99
$75,000.00 - $99,999.99
$50,000.00 - $74,999.99
$10,000.00 - $24,999.99
$100,000; $10 monthly fee for Average Daily Balance below $2,500.
$50,000; $10 monthly fee for Average Daily Balance below $2,500.
Rates effective as of 12/30/2022. Tiered rates are based on your average daily balance (ADB) for the month and apply only on the portion of the balance that falls within each specified tier.
Rates effective as of 12/30/2022. Tiered rates are based on your average daily balance (ADB) for the month and apply only on the portion of the balance that falls within each specified tier.
Rates effective as of 12/30/2022. Tiered rates are based on your average daily balance (ADB) for the month and apply only on the portion of the balance that falls within each specified tier.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution’s data, please contact us here.
Hawaii Money Market Rate Trends
Compare local Hawaii money market quotes against the statewide average
Daily money market rate averages tracked across our database of 8,500+ banks and credit unions — updated every evening.
Hawaii high-yield MMA rates fell 0.006 points over the past 7 days to 3.046% APY.
Hawaii standard MMA rates rose 0.004 points over the past 7 days to 0.745% APY.
Hawaii Money Market Rate Forecast — Next 12 Months
Money market rates move with Federal Reserve policy. Our model uses the current HI high-yield MMA average and a Fed funds spread to project the likely rate trajectory for 2026–2027.
Money market account rates are variable and move in close correlation with the Federal Reserve’s federal funds rate target. Our 12-month forecast is derived from the current HI high-yield money market average of 3.046% APY and a Fed funds spread model calibrated to the historical relationship between policy rate changes and deposit rate adjustments at banks and credit unions.
Key assumptions: 1–2 Federal Reserve rate cuts of 25 basis points each over the next 12 months, based on current CME FedWatch consensus; money market institutions typically pass through 70–90% of rate cuts to deposit rates within 60–90 days. High-yield online money market rates tend to adjust faster than standard branch-based MMA rates, and jumbo-tier rates often adjust first.
Important notice: This forecast is for informational purposes only and should not be used as the sole basis for financial decisions. Rate forecasts carry significant uncertainty. The actual trajectory will depend on Federal Reserve decisions, economic conditions, and competitive dynamics among financial institutions in Hawaii.
Money Market Account Earnings in Hawaii
Annual interest earnings at current HI average APYs, based on the high-yield and standard money market averages tracked in our database. Balances reflect the higher minimums typical of money market accounts. Compounding assumed monthly.
| Balance | HY Money Market (3.046% APY) | Monthly Earnings | Standard MMA (0.745% APY) | Monthly Earnings |
|---|---|---|---|---|
| $10,000 | $304.63 / year | $25.39 | $74.51 / year | $6.21 |
| $25,000 | $761.58 / year | $63.47 | $186.28 / year | $15.52 |
| $50,000 | $1,523.15 / year | $126.93 | $372.55 / year | $31.05 |
| $100,000 | $3,046.30 / year | $253.86 | $745.10 / year | $62.09 |
| Earnings estimates use daily compounding. Actual earnings depend on exact rate, compounding frequency, rate tier, and daily balance maintained. Rates are variable and subject to change. Source: Hawaii money market rate averages as of August 29, 2026. | ||||
About Our Hawaii Money Market Rate Database
MonitorBankRates tracks 14 money market rates from 0 banks and 14 credit unions offering money market deposit accounts to Hawaii residents — including community institutions, regional banks, and national online options. Our proprietary aggregation system pulls verified rate data directly from each institution’s official website — no estimates, no national averages passed off as real offers.
Every rate listed includes the institution’s Safety Grade (A+ to F), Star Rating (1–5), and Texas Ratio — objective financial health metrics calculated from FDIC and NCUA regulatory data — so you can compare yield and institutional safety in one place.
Current top rate: HawaiiUSA Federal Credit Union offers a money market account at 3.00% APY with a minimum deposit of $5,000. Use the rate table above to compare all current offers in Hawaii.
How to Find the Best Money Market Rates in Hawaii
What to compare when shopping for a money market account in Hawaii
To find the best money market APYs in Hawaii, start with credit unions and online-only banks — Hawaii has 14 credit unions in our database, and they consistently offer some of the highest yields because they are member-owned nonprofits with lower overhead than traditional banks.
Always compare the APY (Annual Percentage Yield), not just the interest rate, and pay close attention to balance tiers — many money market accounts only pay their advertised top rate above a minimum balance of $1,000–$25,000, with lower rates (or monthly fees) below that threshold. The current HI high-yield money market average is 3.046% — use the table above to find the best available offer.
Unlike a CD, money market rates are variable — your rate can change at any time with Federal Reserve policy. Also check check-writing and debit card limits: most MMAs allow a set number of withdrawals per month, and exceeding the limit can trigger fees. Review your account periodically to ensure your APY remains competitive.
When a Money Market Account Makes Sense
- Emergency fund with flexibility: You get savings-level yields plus limited check-writing and debit access. Hawaii high-yield money market rates currently average 3.046% APY — far above a typical checking account.
- Larger balances ($10,000+): Many MMAs pay tiered rates that rise with your balance, so bigger deposits often earn more than they would in a standard savings account.
- Parking cash between investments: A high-yield money market account at Hawaii institutions keeps idle cash working harder while remaining fully accessible.
- You prefer banking locally — 14 institutions in Hawaii report money market rates to our database.
- You’re among Hawaii’s 20.5% of residents aged 65+ for whom liquid, accessible savings complement fixed-income holdings.
- No rate lock-in risk: Unlike a CD, your rate moves up with the market if rates rise further.
Consider an Alternative If…
- You want a locked-in, guaranteed return → Hawaii CD rates
- You don’t need check writing and want a lower minimum → Hawaii savings rates
- You need daily transaction access → Hawaii checking rates
Hawaii Financial Snapshot
Local demographics and economic context for savers — Source: U.S. Census Bureau
20.5% of residents are 65 or older — above the national average of 17.3% — making liquid, accessible money market accounts a particularly relevant option in this market. At today’s HI high-yield money market average of 3.046%, saving 10% of the local median salary ($4,818/year) would earn an additional $147 annually in interest.
Data: U.S. Census Bureau and U.S. Bureau of Labor Statistics.
Money Market Accounts vs. Other Hawaii Options
How money market deposit accounts compare to other deposit products available at banks and credit unions in Hawaii.
| Feature | Money Market | High-Yield Savings | Standard Savings | CD (12-Month) |
|---|---|---|---|---|
| Current HI Avg APY | 3.046% | View Savings Rates | 0.745%(Standard MMA) | View CD Rates |
| Rate Type | Variable | Variable | Variable | Fixed for term |
| FDIC / NCUA Insured | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K | ✓ Up to $250K |
| Withdraw Anytime | ✓ Yes | ✓ Yes | ✓ Yes | ✗ Penalty applies |
| Check Writing | ✓ Often yes | ✗ No | ✗ No | ✗ No |
| Debit / ATM Card | ✓ Often yes | Some institutions | ✗ Rarely | ✗ No |
| Typical Min Deposit | $0 – $2,500 | $0 – $100 | $25 – $100 | $500 – $1,000 |
| Rate Risk | Rate may fall with Fed cuts | Rate may fall with Fed cuts | Rate may fall with Fed cuts | None — locked for term |
| Best For | Active savers wanting flexibility + check writing | Emergency fund, short-term goals, parking cash | Everyday saving, low-balance accounts | Locking in a rate for a defined period |
APY data reflects Hawaii averages tracked in our database as of August 29, 2026. Rates are variable and may differ by institution. See individual product pages for full details.
Hawaii Money Market Account Calculator
See how much a money market account can earn you. Enter your deposit, monthly contribution, and time frame — or click any current Hawaii rate on the right to apply it instantly. Interest compounds monthly.
Assumes monthly compounding and a constant APY for the full period. Money market rates are variable and can change at any time, so actual earnings will differ. Estimates are for informational purposes only.
Money Market & Savings Calculators for Hawaii
At HI’s top money market rate of 3.00% from HawaiiUSA Federal Credit Union, a $10,000 deposit earns $300 annually. Enter your balance to see your exact return.
Savings Goal CalculatorA 3-month emergency fund for the median Hawaii earner is roughly $12,000. At 3.046% APY in a money market account, saving $1,000/month gets you there in about 12 months. Set your target and see your exact timeline.
CD vs. Liquid Deposit AccountHawaii’s high-yield money market average is 3.046% APY — variable, always accessible, and often with check-writing. A local CD may offer a higher fixed yield in exchange for locking in your deposit. Compare both side-by-side to find the better fit for your timeline.
Budget CalculatorBefore you can grow your savings, you need to know how much you can set aside each month. The median Hawaii earner makes $48,182/year. Track your income vs. expenses to find your monthly surplus — then put it to work at 3.046% APY.
Retirement PlannerA $25,000 money market balance earning 3.046% APY grows to roughly $45,560 over 20 years with compounding. See how your current savings trajectory lines up with your retirement income needs.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Hawaii money market rate tables are free for consumers to use, and we do not receive payment from any financial institution to be included or to be ranked in any particular order. Listings are based solely on the rates each institution publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Money Market Rate Data: We aggregate money market deposit account rates for Hawaii directly from the official websites of banks and credit unions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every money market rate displayed on MonitorBankRates.com is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available yields in Hawaii. We feature a comprehensive mix of institutions from neighborhood credit unions and mid-sized regional banks to large national institutions available to savers in HI.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update money market rates daily. Because MMA yields can fluctuate rapidly based on market conditions, every product listed features its own specific “last updated” date, giving you complete transparency.
Frequently Asked Questions about Money Market Accounts in Hawaii
What is a Money Market Account (MMA)?
Are Money Market accounts in Hawaii safe?
How often do MMA rates change in Hawaii?
Can I write checks from a Money Market Account?
How much do I need to deposit to open a money market account in Hawaii?
Can I lose money in a Money Market Account?
What is the difference between a Money Market Account and a Money Market Fund?
Do I have to pay taxes on money market account interest?
Are online banks better than local banks in Hawaii for money market accounts?
Best Money Market Rates in Hawaii
- HawaiiUSA Federal Credit Union
Business Money Market Account — 3.00% APY - Ko`olau Federal Credit Union
Money Market — 1.65% APY - Hawaii Law Enforcement Federal Credit Union
Money Market — 1.55% APY - Hawaiian Financial Federal Credit Union
VIP Money Market — 1.50% APY - CU Hawaii Federal Credit Union
Money Market — 1.50% APY
Cities in Hawaii
