Highest yielding money market account rates in Hawaii

Below are the highest yielding money market account rates serving citizens of the state of Hawaii.

If you are strictly after the best interest rate then you have a variety of options that will provide you with similar yields. The question you need to ask yourself is, “what type of minimum balance can I keep?” Most money market accounts provide a given interest rate based on a certain account balance. The more money you are able to keep in these accounts, the higher the interest rate you will generally receive.

After sorting through dozens of interest rate tables belonging to banks and credit unions serving the state of Hawaii, we have found that in many instances you will lock in more competitive rates with national institutions rather than local ones (if you are eligible). Before committing to one of the banks/credit unions listed below, you may want to browse through our national money market rates tables.

Keep in mind, money market rates are time-sensitive in nature, therefor you may want to refer to the date of this article for accuracy. As with all money market accounts, the interest rates are variable and are subject to change without notice.

Top 2 money market rates in Hawaii:

(click on the institution for more information)

• Wings Financial Federal Credit Union: Honolulu, HI. Money market account yielding 1.92% APY with a minimum balance of $5000. There are no monthly fees or surcharges related with this account. There are no minimum balances required, however anything under $5000 will not provide an interest rate. You are entitled to 2 free withdrawals per month, each withdrawal after will cost $20. Dividends are calculated using the average daily balance method. Membership is available to most people employed in, retired from, or whose job directly supports the air transportation of people or cargo, immediate family members of persons engaged in such activities, and family members (including household relationships) of a current credit union member. Contact (800) 692-2274
• Home Street Bank: Pearl City, HI. Money market account yielding 1.15% APY with a minimum balance of $10,000. Although Home Street Bank is headquartered in the pacific northwest they also serve consumers in Hawaii. Contact: (800) 719-8080

Both of the above institutions are federally insured by either the NCUA or FDIC. If you live in Hawaii and know of a better money market rate offered through your local institution, please share by leaving a comment.

Best certificate of deposit rates in Oregon (Top 3)

Below are the top 3 cd rates for residents of the state of Oregon. The banking products we surveyed came in the form of 24 month CD’s, 48 month CD’s and 60 year CD’s. Many of the top rates came from either national or regional institutions, however the rates listed below are all local. Rates vary from state to state, and in some cases larger national banks can beat the rates offered by your local banks and credit unions.

If you reside in Oregon and know of a better bank rate than the ones listed below, please share by leaving a comment. Keep in mind interest rates offered by banks are time-sensitive in nature and change regularly. Please refer to the date of this article for accuracy. If you would like to compare CD rates nationwide, then you may use our CD rate tab above.

Top 3 Certificate of Deposit rates for Oregon state residents:

(clicking on the institution will take you to their rates page)

HomeStreet Bank: Portland, Oregon – 24 month CD yielding 2.85% APY with a minimum deposit of $10,000. Employee and Family-owned HomeStreet Bank claims to be one of the largest private banks in the Northwest and Hawaii. They were established in 1921 and claim to have stayed focused on what they believe is most important: building long-term relationships with their customers and providing ongoing support to their communities.

Bank of Oswego: Lake of Oswego, Oregon – 48 month certificate of deposit yielding 3.25% APY with a minimum deposit of $1,000.  Their focus is to preserve and enhance their financial soundness so that they can provide the best long-term results for customers. They claim to this with their abundance of capital resources and a complete portfolio of banking products that can be suited to individual banking needs. They claim to possess a team of professionals with many years in the industry and a vast amount of knowledge.

ShoreBank Pacific: Portland, Oregon – 60 month certificate of deposit yielding 3.32% APY with a minimum deposit amount of $500. A note from ShoreBank…  “ShoreBank Pacific is the first commercial bank in the United States with a commitment to environmentally sustainable community development. We believe that long-term community prosperity goes hand-in-hand with a healthy environment. With that vision, ShoreBank Pacific, a Washington State chartered, FDIC insured bank, was formed in 1997 as a joint project of ShoreBank Corp., Chicago (the nation’s first community development bank) and Ecotrust™, an environmental non-profit located in Portland, Oregon.”

Discover Bank’s 5 year CD rates VS. local bank rates

For shorter term certificate of deposits, say 6 months to 18 months, I have found that may local credit unions and banks are offering some of the best rates available. Today though, I looked into some of the longer term certificate rates in my area as well as a few other major cities along the west coast and found that Discover Bank (who opens it’s doors to customers nationwide) has long term CD rates that are trouncing some of these smaller thrifts.

Click Here for Discover Bank’s Current CD rates

5 Year Certificate of Deposit with Discover Bank

(Rates effective as of yesterday, 6/23/2009)

• earn 3.50% APY with a $2,500 minimum balance
• no fees associated with this account (besides penalty for early withdrawal)

How does Discover Bank’s 5 year CD rate stack up against the competition?

After comparing this rate to some local lenders in Los Angeles, Portland and Seattle, I found Discover Bank’s offer to beat all of the best 5 year CD rates listed in those areas.

Seattle: Best local Offer – HomeStreet Bank 5 year CD yielding 3.40% APY

Portland: Best Local Offer – Wells Fargo 5 year CD yielding 3.00% APY

Los Angeles: Best Local Offer – Lajolla Bank 5 year CD yielding 3.45% APY (this account comes with a $10,000 minimum deposit)