Bank of Hawaii's Kids Only Savings account is an saving account for kids under 10 years of age. Features are interest earned at the regular savings rate, compounded daily and paid monthly. There are no minimum balance requirements (after $25 minimum initial deposit), no monthly service fee, automatic savings transfers or direct deposits that help the account grow, quarterly statements showing all account activity (monthly statements in cases where electronic funds transfers are involved) and access to conveniently-located branches. Requirements and other restrictions include a minimum opening deposit requirement of $25.