Get paid before you get paid. →           Our interest rates are always in your best interest. →           Check the surf, then deposit a check. →           Getting your cash shouldn’t cost you a dime. →           No monthly fees. No worries. →           Online is waaay better than in line. →           Save on ATM fees. Spend it on malasadas. →           No shirt, no pants, no problem. →
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Why digital banking is right for you

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Why digital banking is right for you

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Shaka by CPB is Hawaii’s first and best 100% digital checking account designed for our new digital lifestyle. It was made for people who love the flexibility of banking online, the simplicity of paying their bills digitally, and the convenience of not having to visit a branch.

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Every banking service can be accessed easily and securely online. With a Shaka Checking account, you can:

  • Open an account online
  • Use the top-rated CPB mobile app to
    • Deposit checks
    • Set up BillPay
    • Transfer money to your friends or family through Zelle®
    • Check balances
    • View online statements
  • Manage your paperless account by online chat, secure message, or calling our Customer Service Center!

Even though this is a 100% digital account and you can manage all your banking online, you can still use a branch for $2 per transaction (deposit or withdrawal). You can also order physical statements for a $5 monthly fee. Physical checks are not available with this account.

If you have questions about digital banking, call our Customer Service Center at 808-544-0500.

 

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CPB

We’ve got your back.
And CPB has ours.

Shaka has deep roots. We’re backed by Central Pacific Bank,
which has been doing business in Hawaii for over 65 years.

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Annual Percentage Yield (APY) effective June 15, 2022. Interest rates may change at any time after the account is opened. Fees may reduce earnings on accounts.

Balance Tiers Base Interest Rate Reward Interest Rate1 APY Min. Balance to Open Min. Balance2 to Earn Interest
Standard Rate 0.03% - 0.03% $25 $0
Tier 1 Rate
$0 - $20,000
0.03% 0.97% 1.00% $25 $0
Tier 2 Rate
$20,000.01 & Over
0.03% - 1.00% - 0.21%3 $25 $20,000.01

[1] Our Shaka account has a special feature that pays a higher interest rate (Reward Interest Rate) and APY on Tier 1 balances if you meet ALL of the following transaction requirements during the calendar month:

  1. 15 or more debit card transactions (point of-sale purchases) post to your account during the month totaling $75 or more (ATM transactions do not qualify); and
  2. A qualified direct deposit is credited to your account during the month. A qualified direct deposit is a recurring electronic deposit of paychecks, Social Security benefits, or other regularly scheduled income payments of $25 or more (transfers from one account to another do not qualify). 

When you meet all the transaction requirements, depending on your account balance, two different interest rates and APYs could be paid on your account during the month. The tiered interest rates and APYs shown above will be paid only on that portion of your balance that is within the tier range. If your account does not meet all the transaction requirements for the tiered rates, the Standard Rate Tier noted above will apply to your entire balance. The maximum monthly Reward Interest Rate earnings is $17.

[2] This is the daily balance (i.e., the amount of principal in the account each day).

[3] The APYs shown are for representative balances of $20,000.01 and $100,000. The APY decreases for larger balances because more interest is earned at the lower interest rate. Specifically, if you meet all the transaction requirements above during a calendar month, an APY of 1.00% would apply to account balances between $0 and $20,000. For account balances in excess of $20,000:

  • An APY of 1.00% would apply to the first $20,000 of the total account balance; and
  • An APY of 0.03% would apply to any portion of the account balance in excess of $20,000 (i.e., is equal to or greater than $20,000.01).

If your account contains a zero balance for 60 days, we reserve the right to automatically close the account.