Bank of Hawaii's Deposit IRA is a product for customers who are primarily concerned about the safety of their retirement funds. Bank of Hawaii Deposit IRA is protected with FDIC insurance - up to $250,000 per qualifying account. These features help for retirement, investments grow tax-deferred and retirement savings are insured up to $250,000 per qualifying account by the FDIC. Types of Deposit IRAs available are Traditional IRA, Roth IRA, Rollover IRA. Deposit IRA savings options are Time Deposit Account (CD) (offering competitive rates that are fixed for 6 months, 18 months, 3 years, or 6 years.) and Retirement Savings Account (features a variable interest rate, with no minimum balance requirement or maturity dates.). Requirements and other restrictions is IRA holders failing to take their required distributions are subject to a substantial penalty.