Qualified expenses may include tuition, fees, tutoring, books, and supplies — even the purchase of computer technology or equipment or internet access used by the student and family when the student is in school.

Non-deductible contributions may be made annually to each child's account. The deadline for contributions is the same as the contributor's tax filing deadline, not including extensions. Contributions cannot be made for a designated beneficiary who is over age 18 (unless the beneficiary is of special needs).

Interest is compounded daily and credited to your account annually through October 31st. If your account is closed before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the annual cycle is less than half a cent, interest will not be paid, and the accrual will not carryover to the next year.

The interest rate and annual percentage yield ("APY") on your account are shown in the separate Customer APY and Interest Rate Sheet ("Rate Sheet"). Your interest rate and APY may change. At our discretion, we may change the interest rate on your account at any time. An APY is an annualized rate that allows you to compare rates across deposit products. View our current rates.

A savings account is a type of bank account that safely stores your money and earns you interest.

To open a savings account, you will need to provide acceptable forms of identification such as a Driver’s License, State ID, or Passport.

Both a Money Market Savings account and Tiered Savings^SM account pay higher interest for higher balances. The Money Market account provides the ability to write checks. Compare All Personal Savings Accounts.

Interest is compounded daily and credited to your account monthly. If your account is closed or is transferred to a non-interest bearing account before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the monthly cycle is less than half a cent, interest will not be paid.

Setting up automatic transfers including loan payments is easy with Online Banking. Click here to learn how >

You may also use the Automatic Payments and Transfers form to set up automatic transfers to or from your accounts. If you are withdrawing from a non-ASB account, you will need the account number and routing number, a voided check, or a copy of your statement. Return the form to any branch or mail to:

American Savings Bank
Attn: ACH Services
P.O. Box 2300
Honolulu, HI 96804-2300

We need 5 business days from the date of receipt of your form to set up, change, or cancel your transfer. For loan payments we will send you a letter confirming the start date of your first automatic payment. Please continue to make your payments until you receive your confirmation letter.

The interest rate and annual percentage yield ("APY") on your account are shown in the separate Customer APY and Interest Rate Sheet ("Rate Sheet"). Your interest rate and APY may change. At our discretion, we may change the interest rate on your account at any time. An APY is an annualized rate that allows you to compare rates across deposit products. View our current rates.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

A savings account is a type of bank account that safely stores your money and earns you interest.

To open a savings account, you will need to provide acceptable forms of identification such as a Driver’s License, State ID, or Passport.

Both a Money Market Savings account and Tiered Savings^SM account pay higher interest for higher balances. The Money Market account provides the ability to write checks. Compare All Personal Savings Accounts.

Interest is compounded daily and credited to your account monthly. If your account is closed or is transferred to a non-interest bearing account before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the monthly cycle is less than half a cent, interest will not be paid.

Setting up automatic transfers including loan payments is easy with Online Banking. Click here to learn how >

You may also use the Automatic Payments and Transfers form to set up automatic transfers to or from your accounts. If you are withdrawing from a non-ASB account, you will need the account number and routing number, a voided check, or a copy of your statement. Return the form to any branch or mail to:

American Savings Bank
Attn: ACH Services
P.O. Box 2300
Honolulu, HI 96804-2300

We need 5 business days from the date of receipt of your form to set up, change, or cancel your transfer. For loan payments we will send you a letter confirming the start date of your first automatic payment. Please continue to make your payments until you receive your confirmation letter.

For checking and money market accounts, a statement will be provided to you monthly. For savings accounts a statement will be provided to you at the end of each calendar quarter. You will receive an additional statement for any month in which you perform electronic fund transfers. If your savings account is part of the combined statement, a monthly statement will be provided instead of a quarterly statement.

The interest rate and annual percentage yield ("APY") on your account are shown in the separate Customer APY and Interest Rate Sheet ("Rate Sheet"). Your interest rate and APY may change. At our discretion, we may change the interest rate on your account at any time. An APY is an annualized rate that allows you to compare rates across deposit products. View our current rates.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

A savings account is a type of bank account that safely stores your money and earns you interest.

To open a savings account, you will need to provide acceptable forms of identification such as a Driver’s License, State ID, or Passport.

Both a Money Market Savings account and ASB Tiered Savings^SM account pay higher interest for higher balances. The Money Market account provides the ability to write checks. Compare All Personal Savings Accounts.

Interest is compounded daily and credited to your account monthly. If your account is closed or is transferred to a non-interest bearing account before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the monthly cycle is less than half a cent, interest will not be paid.

The interest rate and annual percentage yield ("APY") on your account are shown in the separate Customer APY and Interest Rate Sheet ("Rate Sheet"). Your interest rate and APY may change. At our discretion, we may change the interest rate on your account at any time. An APY is an annualized rate that allows you to compare rates across deposit products. View our current rates.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

The Moneyhune Savings account is especially designed for keiki under the age of 18. It can be converted to a Statement Savings account when the individual turns 18 years old. We also have investment and savings accounts used for education. Speak to a Financial Advisor for more information.

Interest is compounded daily and credited to your account monthly. If your account is closed or is transferred to a non-interest bearing account before interest is credited, you will not receive the accrued interest. If the interest amount calculated for the monthly cycle is less than half a cent, interest will not be paid.

For checking and money market accounts, a statement will be provided to you monthly. For savings accounts a statement will be provided to you at the end of each calendar quarter. You will receive an additional statement for any month in which you perform electronic fund transfers. If your savings account is part of the combined statement, a monthly statement will be provided instead of a quarterly statement.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

Use direct deposit to deposit your funds automatically, without having to visit a branch. You may set up direct deposit by providing your employer with the American Savings Bank routing number: 321370765 and your checking or savings account number, payroll ID number (in most cases, your Social Security Number), and our mailing address:

American Savings Bank
P.O. Box 2300
Honolulu, HI 96804-2300

You may also use our Switch Kit form. For checking accounts it's best to provide a voided check.

We recommend using our checking account chooser tool or visiting us at a branch to learn more about the benefits and differences in our family of checking accounts.

The Kalo Essentials^SM Checking account does not require a minimum balance. However, in order to avoid monthly service fees, Kalo Plus^SM Checking and Kalo Deluxe^SM Checking do require a minimum balance. For information on balance requirements and more, visit Compare All Checking Accounts.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

Use direct deposit to deposit your funds automatically, without having to visit a branch. You may set up direct deposit by providing your employer with the American Savings Bank routing number: 321370765 and your checking or savings account number, payroll ID number (in most cases, your Social Security Number), and our mailing address:

American Savings Bank
P.O. Box 2300
Honolulu, HI 96804-2300

You may also use our Switch Kit form. For checking accounts it's best to provide a voided check.

We recommend using our Checking Account Chooser Tool or visiting us at a branch to learn more about the benefits and differences in our family of checking accounts.

The Kalo Essentials^SM Checking account does not require a minimum balance. However, in order to avoid monthly service fees, Kalo Plus^SM Checking and Kalo Deluxe^SM Checking do require a minimum balance. For information on balance requirements and more, visit Compare All Checking Accounts.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

Use direct deposit to deposit your funds automatically, without having to visit a branch. You may set up direct deposit by providing your employer with the American Savings Bank routing number: 321370765 and your checking or savings account number, payroll ID number (in most cases, your Social Security Number), and our mailing address:

American Savings Bank
P.O. Box 2300
Honolulu, HI 96804-2300

You may also use our Switch Kit form. For checking accounts it's best to provide a voided check.

We recommend using our Checking Account Chooser Tool or visiting us at a branch to learn more about the benefits and differences in our family of checking accounts.

The Kalo Essentials^SM Checking account does not require a minimum balance. However, in order to avoid monthly service fees, Kalo Plus^SM Checking and Kalo Deluxe^SM Checking do require a minimum balance. For information on balance requirements and more, visit Compare All Checking Accounts.

A checking account is considered dormant at 12 months of inactivity and a savings account is considered dormant at 36 months of inactivity. While your account is dormant, you will not be able to access the ATM or use your debit card at point-of-sale (POS) terminals.

A certificate of deposit (CD) offers a higher interest rate than the interest rate associated with a personal tiered savings account; however, accessing your funds before the CD's maturity date will result in an early withdrawal penalty. With a savings account, you may access your funds without penalty.

Your CD account will automatically renew at maturity, but you will have a grace period after the maturity date to withdraw your funds without being charged an early withdrawal penalty. The renewed account will be for the same term as the original term, at the interest rate and APY in effect on your maturity date.

If you withdraw any principal before the maturity date, a penalty may be imposed. The penalty amount, or any portion thereof, will be deducted from the amount withdrawn. Also, the penalty will not be imposed if the withdrawal is due to the death or legal incompetence of any depositor listed in the account name.

Interest that you earn on your CD is usually treated as income and reported as part of your income tax returns. We will provide you a 1099-INT statement at the beginning of the following year. But everyone's situation could be different, so consult a tax expert.