Everyone needs a $500 Emergency Savings
Unexpected challenges like a sudden expense, job uncertainty, or a natural disaster are part of life. Having an emergency fund can provide financial stability and peace of mind. The key is to start small, stay consistent, and make saving a habit.

How much should I save?

Your savings goal depends on your personal situation, but here’s a simple way to start. New to saving? Aim for an initial target of $500. Building long-term security? Work toward saving 3–6 months’ worth of living expenses to cover unexpected costs. Think progress, not perfection. The habit of saving is more important than the amount, and consistency is key!  


Where to start my fund?

For easy access and security, keep your emergency savings in a separate, insured account:
  • Open a dedicated savings account at HawaiiUSA to track your progress.
  • Ensure liquidity by keeping funds in an account that allows quick withdrawals when needed.
  • HawaiiUSA is a federally insured credit union, meaning your deposits are insured by the National Credit Union Administration (NCUA) up to $250,000 per depositor.


How to stay on track with saving

Make saving automatic and effortless with these tools:
  • Set up automatic payroll deductions - have a portion of your paycheck go directly into savings.
  • Schedule recurring transfers to add money from your checking to savings account.
  • Create a Savings Goal in digital banking to track your progress and stay motivated.

How to open an Emergency Savings account in digital banking

1. Open a Secondary Share savings account

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2. Rename it in Settings “Emergency savings” (or whatever you wish!)

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How to create a Savings Goal in digital banking

1. Create a new savings goal.

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2. Select existing savings account to use. Pick a category that fits best.

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3. Enter the dollar amount and target date for your goal.

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4. Add money toward your goal, and celebrate your progress!

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Ready to get started?

Automate Payroll Deductions
Automatically deduct a portion of your paycheck and deposit into a designated savings account
Set Up Transfers
Set up recurring transfers so money is moved automatically to your emergency savings.
Create ASavings Goal In Digital Banking
Add money and track progress using your HawaiiUSA app
Speak With AFinancial Coach
Get one-on-one attention, and expert answers to your questions