The Best Fixed Annuity and CD Rates in Hawaii (March 2024)

Shawn Plummer

CEO, The Annuity Expert

The Best Rates To Grow Your Money

TermInsurance CompanyAPY
N/AMoney Market Account – Generations Bank5.29%
N/AMoney Market Account – American First Credit Union5.30%
N/ASavings Account – Customers Bank5.32%
12 MonthsCD – Bread Savings5.35%
5 YearsAnnuity – Wichita National6.30%
*Fixed annuities are only for saving money to use in retirement.

Disclaimer: This is a review. The Annuity Expert is not associated with a bank or credit union. However, fixed annuities are sold at most financial institutions. We aim to help you find the highest interest rates for your retirement savings. We may receive a small referral fee if you purchase something using a link in this guide.

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Find the highest interest rates for your savings, ranging from 3 months to 5 years, all in one place.

The Best CD Rates In Hawaii

CDs are low-risk investments that offer a fixed rate of return for a specified period of time. When you invest in a CD, you deposit a certain amount of money into an account, and in return, you receive a guaranteed interest rate for a set period.

The highest CD rates in Hawaii vary based on several factors, including the length of the term, the type of CD, and the financial institution offering the CD. Here are some of the most popular CD options in Hawaii:

  • Short-term CDs: These CDs typically have a term of less than one year and offer a lower interest rate. They are ideal for those who want to invest less money and are looking for a short-term investment option.
  • Long-term CDs: These CDs have a term of five years or more and offer a higher interest rate. They are ideal for those looking for a long-term investment option and willing to tie up their money for a more extended period.
  • Jumbo CDs: These CDs require a large minimum deposit and offer a higher interest rate. They are ideal for those with a lot of money to invest and looking for a higher return.

3-Month CD Rates

Banks and credit unions have the highest CD rates for three months.

Best 3-Month CD RatesRateTermMinimum
Ponce Bank5.35% APY3 Months$1.00
Total Direct Bank5.66% APY3 Months$25,000.00
Western Alliance Bank5.36% APY3 Months$1.00

6-Month CD Rates

The following banks and credit unions have the highest CD rates for six months.

Best 6-Month CD RatesRateTermMinimum
CommunityWide FCU5.50% APY6 Months$1,000.00
My eBanc5.51% APY6 Months$50,000.00
Newtek Bank5.55% APY6 Months$50,000.00

1-Year CD Rates

The following banks and credit unions have the highest CD rates for 12 months.

Best 12-Month CD RatesRateTermMinimum
Hudson Valley Credit Union5.67% APY12 Months$750.00
Space Coast Credit Union5.61% APY12 Months$500.00
Lafayette Federal Credit Union5.61% APY12 Months$100,000.00

2-Year CD Rates

Banks and credit unions have the highest CD rates for 24 months.

Best 2-Year CD RatesRateTermMinimum
Luana Savings Bank5.11% APY24 Months$100,000.00
Eastman Credit Union5.40% APY24 Months$1,000.00
Pelican State Bank5.27% APY24 Months$500.00

3-Year CD Rates

Banks and credit unions have the highest CD rates for 36 months.

Best 3-Year CD RatesRateTermMinimum
Mountain Credit Union5.15% APY36 Months$2,500.00
Hughes Federal Credit Union4.97% APY36 Months$99,000.00
Lafayette Federal Credit Union5.20% APY36 Months$100,000.00

4-Year CD Rates

The following banks and credit unions have the highest CD rates for 48 months.

Best 4-Year CD RatesRateTermMinimum
Bread Savings4.15% APY48 Months$1,500.00
NexBank4.45% APY48 Months$10,000.00
Fedchoice Federal Credit Union4.35% APY48 Months$500.00

5-Year CD Rates

Banks and credit unions have the highest CD rates for 60 months.

Best 5-Year CD RatesRateTermMinimum
Farmers Insurance4.25% APY60 Months$1,000.00
Lafayette Federal Credit Union4.63% APY60 Months$100,000.00
Virginia Credit Union4.48% APY60 Months$100,000.00

Maximizing Your CD Returns in Hawaii

To maximize your CD returns in Hawaii, you’ll want to shop around and compare the interest rates different financial institutions offer. You can compare CD rates online or visit local banks and credit unions for more information about their options.

It’s also important to consider the length of the term when investing in a CD. The longer the term, the higher the interest rate will be. However, you’ll also need to consider the opportunity cost of tying up your money for longer.

Finally, you may want to consider laddering your CDs. This involves investing in CDs with different terms so that when one CD matures, you can reinvest the funds into another CD with a longer term and higher interest rate. This can help you earn a higher return on your investment over time.

The Best Fixed Annuity Rates In Hawaii

Fixed annuities are investment products that offer a guaranteed rate of return for a specified period of time. When you invest in a fixed annuity, you make a lump sum payment, and in return, you receive a guaranteed rate of return for a fixed period, typically ranging from five to 20 years.

The best fixed annuity rates in Hawaii vary based on several factors, including the length of the term, the type of annuity, and the financial institution offering the annuity. Here are some of the most popular fixed annuity options in Hawaii:

Disclaimer: Products are subject to state availability. Please inquire below for details.

Next Steps

In conclusion, investing in CDs and fixed annuities can offer Hawaii investors the retirement funds they need while offering low-risk returns. We hope this guide has been useful in helping you to make an informed decision when it comes to investing in CDs or fixed annuities. With access to some of the best CD and fixed annuity rates in Hawaii, you can know that your money is safe and secure while building your wealth over time. If you have any additional questions or want a personal quote, please don’t hesitate to contact us today. We’re here to help you build a bright financial future for yourself and your family. Investing wisely now will pay off tomorrow!

The Best Fixed Annuity And Cd Rates In Hawaii (Hi)

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Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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