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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. →
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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Things From Hawaii You Need In Your Life: Sun, Surf, Shaka Checking

  • All-digital checking account backed by Central Pacific Bank, a Hawaii institution with deep roots.
  • Access to all the good stuff from a checking account without any of the going-to-a-branch stuff.
  • Better benefits than most checking accounts.
  • Easy sign-up. Get approved in less than 5 minutes!
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Shaka Checking has its benefits.

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Carissa Moore shaka
Carissa Moore
CPB ambassador
Olympic Gold Medalist, Women’s Surfing

Shaka Checking makes banking easy. And so is signing up. 

Ready to open your Shaka Checking account?

 

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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.

OPEN AN ACCOUNT

Shaka Checking FAQs

*Annual Percentage Yield (APY) effective October 06, 2025. 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. 

Your account will not be opened until approved by Central Pacific Bank in Hawaii.

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