Bank of Hawaii is back with a bonus offer: deposit $7,500 into a new savings account and keep it there for five months, and you'll snag a $200 bonus. Sounds tempting, right?

Here's the catch: you need to make sure that $7,500 stays put for the entire maintenance period (Day 31 through Day 150 after account opening), or you kiss the bonus goodbye. Plus, the account only earns a measly 0.01% APY. In the grand scheme of things, this works out to about a 6.4% annualized return on your deposit, but that's only if you factor in the bonus.

Why does this matter to you, the savvy traveler? Well, while $200 is $200, there are potentially better ways to park your cash. High-yield savings accounts (HYSAs) often offer competitive interest rates these days, and some other banks are offering more lucrative bonuses that might be worth your time and money. Before you jump on this Bank of Hawaii deal, shop around and see if you can find a better return for your travel fund!