Earn 5% APY* on balances under $25,000
Malama Rewards Checking
Now's the perfect time to reward yourself — with up to 5.00% APY*
No monthly service charges
Includes a contactless Visa debit card
Earn rewards points with every purchase
Unlimited surcharge-free ATMs
Visa fraud protection
You deserve a more rewarding experience from your checking account
Most checking accounts pay little to nothing in dividends. Malama Rewards Checking takes a different approach: if you're already banking the way most people do — using your debit card, keeping a regular deposit or withdrawal moving through the account, going paperless — we pass more of that value back to you as dividends, without asking you to lock money into a share certificate or CD.
Rewards points: Also earn rewards points on every debit card purchase, in addition to cash back.
Free contactless Visa debit card with tap-to-pay.
30,000+ surcharge-free ATMs nationwide.
Free digital banking to pay bills, transfer funds, and monitor your account anytime.
Unlimited free checks with direct deposit, or if you're age 55+.
Manage your money with Maui County Federal Credit Union's personal checking accounts, designed for simple banking with secure service. Open a checking account today.
Malama Rewards Checking is likely a good fit if:
You already use your debit card regularly (10+ purchases a month is common for most everyday spending).
You have direct deposit or another regular ACH transaction.
You're comfortable going paperless with statements and documents.
You want a meaningfully higher rate than standard checking, without moving money into a certificate.
You may prefer a different account if:
You'd rather not track monthly requirements — Basic Checking earns 0.025% APY with no activity needed.
Your primary goal is cash back on purchases rather than dividends — see Cash Back Checking.
To earn 5.00% APY each cycle, you'll need to:
Make at least 10 debit card purchases that post to your account
Set up at least one ACH deposit or withdrawal
Be enrolled in eDocuments (digital statements, notices, and tax documents)
If you miss a requirement in a given month, there's no penalty beyond returning to a standard rate: your full balance still earns dividends, at 0.025% APY — the same rate as Basic Checking. Balances above $24,999.99 also earn 0.025% APY, regardless of qualification status.
Malama Rewards Checking FAQs
Up to 5.00% APY* on balances up to $24,999.99, when monthly qualifications are met. Balances above $24,999.99 earn 0.025% APY.
Make at least 10 debit card purchases, set up at least one ACH deposit or withdrawal, and enroll in eDocuments each cycle.
Your balance earns 0.025% APY for that cycle instead of 5.00% — the same rate as Basic Checking. There's no fee or penalty.
Yes — rewards points on every purchase. Points are redeemable for cash back.
No — see Cash Back Checking for 4% cash back on debit purchases (up to $10/month).
Yes — unlimited free checks with direct deposit, or if you're age 55+.
Resources for Managing Your Money
Helpful resources, financial education, calculators, and guidance to help you save smarter and handling your finances with confidence.
Plan your budget and track your spending with confidence.
Learn how to keep your accounts and information secure.
Bank smarter with convenient digital tools and features.
View current rates for checking & savings accounts.
Plan your budget and track your spending with confidence.
Learn how to keep your accounts and information secure.
Bank smarter with convenient digital tools and features.
View current rates for checking & savings accounts.
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Insured by the National Credit Union Administration
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Competitive interest rates
Share Certificates
Watch your money work for you
Lock in a competitive rate and watch your savings grow with confidence.
Start earning higher dividends
1Please see our Truth in Savings Disclosure regarding our Malama Rewards Checking.
*APY is Annual Percentage Rate. If any requirement isn't met in a given cycle, the entire balance earns 0.025% APY instead of 5.00% APY. Balances above $24,999.99 also earn 0.025% APY, regardless of qualification status.