Central Pacific Bank: Your Ultimate One-Stop Financial Solution!
Unlock a Premium 6-Month CD with an Impressive APY! A $20,000 minimum deposit and an Exceptional Checking account is all you need.
Central Pacific Bank stands out for those looking to consolidate their banking needs in one convenient location. Families with multiple accounts will find an array of benefits under the Exceptional Plan. To seize these perks, simply open an Exceptional Checking account, link your qualifying accounts, and maintain a combined balance of at least $10,000. Qualifying accounts range from savings and IRAs to CDs and loans.
Central Pacific Bank is your go-to full-service financial institution, boasting 28 branches across Oahu, Hawaii, Maui, and Kauai. From personal and business deposit accounts to loan and investment services, you can manage everything online or through their highly-rated mobile app. For 2025, GOBankingRates proudly recognized it as one of the Best Banks in Hawaii.
Your Banking Journey with Central Pacific Bank’s Checking Accounts
With three unique checking accounts, you can effortlessly find the perfect fit for your banking style. Want to earn interest on your checking? Look no further—this is a rare gem in the banking world!
Shaka Checking
Go 100% online with Shaka Checking, where your money can earn interest at rates as high as APY.
- Interest-bearing account
- Up to $20 in ATM fees reimbursed monthly
- Only $25 to open
- To earn the APY, complete 15+ debit card transactions totaling at least $75 monthly, plus a qualified direct deposit.
Exceptional Checking
Kick off your journey with the Exceptional Checking account! This introduction to the Exceptional Plan maximizes your banking experience. Maintain a $10,000 combined balance for enhanced interest rates and loan terms. Ideal for those wanting everything seamlessly integrated!
- Interest-bearing
- Link multiple accounts for additional bonuses
- $500 minimum opening balance
- Max interest rate of APY
Value Checking
If simplicity is your style, Value Checking is your best bet. This straightforward account features a range of free services and no minimum balance—perfect for those just starting out or managing day-to-day expenses!
- No minimum balance required
- Includes free debit card, online/mobile banking, bill pay, and more
- No ATM fees at CPB ATMs
- Does not earn interest
Best For
Banking in Hawaii
Seamless Mobile App
Affordable Monthly Fees
Low Minimum Deposit Requirements
Diverse Loan Options
Earn Up to APY with the Shaka Checking Account
Central Pacific Bank provides three distinct checking accounts designed to cater to your specific needs, whether you’re looking to earn interest or enjoy free services. Linking to other accounts only enhances your benefits!
APY
Up to with Shaka Checking
Pros
- Shaka Checking offers lucrative APY rates
- Value Checking has no minimum balance requirements and includes free debit cards
- Exceptional Checking presents competitive interest rates
Cons
- Meeting requirements to enjoy the top APY can be a challenge
- High $500 minimum deposit for Exceptional Checking
- No interest accrues on Value Checking
Quick Take
Central Pacific Bank offers a diverse selection of checking accounts, making it effortless to find the perfect fit for your financial lifestyle. Enjoy the perks of high interest rates, waived fees, and linked accounts for added advantages.
Explore Your Savings Options with Central Pacific Bank
Choose from five different savings accounts tailored to meet your financial goals. Each account comes with varying minimum deposits, balances to avoid service fees, and competitive interest rates.
- Starter Savings requires a minimum opening deposit of just $10 and offers an impressive APY
- Personal Savings or Personal Super Savings accounts have a $100 minimum opening balance and interest rates ranging from to APY based on your balance
- Exceptional Savings or Exceptional Super Savings options require up to $500 to open and yield up to APY.
Best For
Banking in Hawaii
User-Friendly Mobile App
Minimal Monthly Fees
Accessible Minimum Deposits
Variety of Loan Options
Earn Daily Compounded Interest
Central Pacific Bank showcases five diverse savings accounts, each tailored to fit your financial needs, with flexible requirements to help you save efficiently.
Pros
- Five distinct options for your savings needs
- Higher interest rates for larger balances
Quick Take
Central Pacific Bank offers a variety of five savings accounts, with low minimum deposits, service fees, and options to waive those fees through maintaining a minimum balance. However, for higher yields, you might need to consider other banks.
Central Pacific Bank CD Accounts
The Smart Saver CD from Central Pacific Bank is not only flexible—allowing you to make additional deposits—but it requires them! To unlock great rates, you must deposit monthly from an eligible Central Pacific Bank account:
- 12 months: APY
- 18 months: APY
- 36 months: APY
To kick-start your Smart Saver CD, a minimum deposit of $1,000 is necessary, and your balance must reach at least $5,000 by the end of the term.
Don’t miss out on the exceptional 6-month CD offer featuring a competitive APY. A minimum deposit of $20,000 is required, with at least $10,000 being new money from another institution. To open this CD, an Exceptional Checking Account must be established, and you must visit a branch.
Best For
Banking in Hawaii
User-Friendly Mobile App
Minimal Monthly Fees
Accessible Minimum Deposits
Variety of Loan Options
Exceptional CD Special with
Central Pacific Bank delivers a variety of regular and jumbo CDs with terms spanning from just seven days to eight years. Customers enrolled in the Exceptional Plan enjoy slightly higher rates.
Fees
No monthly service fees
Pros
- A broad selection of options
- The Smart Saver CD supports regular deposits
Cons
- Interest rates may be lower compared to competitors
Quick Take
With your CD balance counting toward the Exceptional Plan’s total requirement, it adds value. However, for the best rates, you might find better offers elsewhere.
A Seamless Banking Experience
Join the Exceptional Plan
Families can reap the rewards of multiple accounts with the Exceptional Plan! By linking qualifying accounts and maintaining a combined balance of at least $10,000, you can dodge a $20 monthly service charge. This includes savings accounts, IRAs, CDs, loans, and lines of credit.
Benefits of the Exceptional Plan:
- Boosted interest rates on Exceptional Preferred CDs and IRAs, Exceptional Savings, and Super Savings accounts
- No fees on ATM transactions
- Complimentary official checks
- Free notary service
- A free safe deposit box (valued at up to $50)
- Free transfers to Greenlight accounts for kids and teens
- Premium Platinum Debit Mastercard
- Access to online banking
- Simple online bill pay
- Convenient mobile banking, including mobile deposits
- Telephone banking
On the Family Plan, up to three family members can each have their own Exceptional checking account—no minimum balance required and no monthly service fees. Open accounts with just $100.
Banking on the Go
Central Pacific Bank’s mobile banking app is a game-changer! With a stellar rating of 4.8 stars on Google Play and 4.9 stars on the App Store, users rave about its ability to link outside accounts for an all-encompassing view of their finances. Easily transfer funds and track spending to optimize your budgeting efforts.
How Does Central Pacific Bank Stack Up?
Every bank comes with its unique offerings. Here’s where Central Pacific Bank shines:
$0 to $25, waivable
$3 to $7 monthly
No monthly fees
Up to with Shaka Checking
Up to
Min Opening
Min Opening
Min Opening
$0 to $6, waivable
Transfers or withdrawals beyond six per month
Early withdrawal penalty may apply
Min Opening
Min Opening
Min Opening
No monthly service fee
Early withdrawal penalty may apply
No monthly service fee
Up to
Up to
on 5-month promo CD
Min Opening
Min Opening
Min Opening
Central Pacific Bank vs. Competitors
Central Pacific Bank vs. Bank of Hawaii: Both banks offer similar products, though Bank of Hawaii has enticing bonuses like $400 for new checking accounts and a $200 bonus for savings accounts. They also provide more competitive CD rates.
Central Pacific Bank vs. SoFi®: SoFi operates online only, charging no monthly fees and offering up to APY on savings. If you prefer a fully digital experience, SoFi might be right for you!
Central Pacific Bank vs. Bank of America: A classic “big bank,” Bank of America provides a plethora of products and thousands of branches. Like Central Pacific Bank, they offer low-interest rates on checking but are currently promoting a $300 bonus for new checking accounts.
Final Thoughts
If you’re pursuing a reliable, full-service banking experience in Hawaii, Central Pacific Bank is an excellent choice. Consolidate your accounts to unlock better rates and reap the benefits of a local institution dedicated to serving your financial needs.
Central Pacific Bank FAQ
- Does Central Pacific Bank offer digital banking?
- Absolutely! Central Pacific Bank provides top-notch digital banking services, including a highly-rated mobile app with scores of 4.9 on the App Store and 4.8 on Google Play.
- What is Central Pacific Bank’s mobile deposit limit?
- Customers can deposit up to $10,000 daily and $30,000 monthly in each account, with no limit on the number of individual checks.
- What is the daily withdrawal limit for Central Pacific Bank?
- Withdrawals are capped at $1,000 per day at ATMs, though unlimited withdrawals are allowed at branches, subject to cash availability.
- What is the maximum withdrawal from CPB ATM?
- The daily maximum withdrawal at CPB ATMs is $1,000.
- Does Central Pacific Bank use Zelle?
- Yes! Central Pacific Bank customers can utilize Zelle for instant money transfers using the recipient’s mobile number or email.
Rates are subject to change; unless otherwise noted, rates are updated periodically. All other information on accounts is accurate as of Dec. 9, 2024.
Editorial Note: The views expressed in this article are those of the author alone and have not been reviewed or endorsed by any external entity.
GOBankingRates analyzed top institutions to discover the Best Banks by state based on factors like total assets, product offerings, and mobile app ratings. All information was accurate as of Nov. 8, 2024.
SoFi members with Direct Deposit or qualifying deposits during the 30-Day Evaluation Period can earn variable rates on savings and checking balances. Visit SoFi’s website for more information.
