Installment Savings Accounts
This account allows you to set aside a fixed amount each month to accumulate into a meaningful sum that can be used for things such as business, investment, college tuition, vacation expenses, wedding preparations, or contribution to a retirement fund.
- The minimum contract amount is $1,000. Please contact an Ohana Pacific Bank personal banker for other available contract amounts.
- You can deposit monthly installments by mail or authorize a transfer from your account at Ohana Pacific Bank. You must make one deposit into your installment savings account each month for the term of your contract with the bank. Failure to make three (3) installments will result in the account closure and subsequent transfer of funds into a regular savings account at the current prevailing savings rate.
- There are no withdrawals allowed before maturity. Early closure of your installment savings account will result in a penalty equal to 120 days interest on the amount closed.
Monthly Installment Schedule
Please contact an Ohana Pacific Bank personal banker for more information.