Start saving for the holidays

Holiday spending isn't scary if you plan ahead

Earn dividends while you save

Make the season even brighter with a competitive dividend rate

Start small if you'd like

No minimum opening balance requirement

Take it to the max

Save up to $5,000 in your Christmas Club Account

Put more jolly in your holidays with a HawaiiUSA Federal Credit Union Christmas Club Account.

When it comes to holiday spending, this special savings account has you covered

  • Save throughout the year to prepare for holiday expenses without breaking your budget or other financial goals
  • Money from your Christmas Club Account automatically transfers to a designated Savings or Checking Account on October 16, just in time for holiday shopping. Accounts opened on or after August 1 will mature on October 16 of the following year.

Keep your savings growing

Set up regular deposits from payroll deductions or transfers from your Savings or Checking Accounts.

Frequently asked questions

Savings and checking accounts serve different purposes, and each has its advantages. A savings account is designed for long-term savings and those with higher interest rates can help your money grow over time. It's ideal for emergency funds or saving for specific goals. On the other hand, a checking account provides easy access to your funds for daily transactions, bill payments, and ATM withdrawals. With an interest-bearing checking account, you can earn money from the cash you deposit. To effectively manage your finances, it's recommended to have both types of accounts. Keep a sufficient balance in your checking account for everyday expenses and use a savings account to accumulate savings and earn interest.

Three key reasons why you should have a savings account are:

  1. Emergency preparedness: A savings account provides a financial safety net for unexpected expenses, ensuring you have funds readily available during emergencies or unforeseen circumstances.
  2. Goal-oriented saving: save systematically for specific financial goals, such as a down payment on a home, a dream vacation, or starting a business. It helps you stay organized and disciplined in achieving your objectives.
  3. Interest accumulation: By keeping your money in a savings account, you can earn interest on your balance, allowing your savings to grow over time. The compounding effect of interest can significantly enhance your overall savings and provide passive income.

A Share Certificate and a CD (Certificate of Deposit) are essentially the same. They both represent fixed-term deposit accounts offered by banks and credit unions. The main difference lies in the terminology used by these institutions. Share Certificates are typically offered by credit unions, while CDs are commonly used by banks. Both products have predetermined terms, locked-in funds, and fixed interest rates. Early withdrawal may result in penalties. In terms of their function and benefits, they provide a secure investment option with a guaranteed return, making them suitable for individuals looking to earn interest on their savings over a fixed period.

1099 tax forms are issued only for accounts that earn $10 or more in income per year.

1098 tax forms are issued only when a homeowner's mortgage interest paid is $600 or more for the year.

If you meet the above conditions, we issue the forms by the end of January each year.

Tax forms are issued in these ways:

  1. Through Online or Mobile Banking: Log in to your account, then enroll in our free eStatements service. You'll then be able to access your monthly statements and annual tax documents, if applicable, through the eStatements in Digital Banking. Note that you will only be able to view statements and tax documents for the primary account associated with your Digital Banking profile; joint accountholders will not be able to view them.
  2. Mail: Your tax document(s) will be mailed to the address we have on file.

Savings Resources

Plan For Tomorrow