Nisqually Estuary Boardwalk Trail, Olympia

Nisqually Estuary Boardwalk Trail, Olympia.

Savings Accounts - Select An Account To Match Your Needs

Since 1906 Olympia Federal Savings has helped generations of families build their future with secure, rewarding savings programs. We offer a variety of savings account options to meet your individual needs.

To open your Oly Fed account, call us at 360-754-3400 or 1-800-865-3470, send us an email: customerservice@olyfed.com or visit us at any of our branch locations.

Select a personal savings account below for more information:

PassbookOpen with as little as $100 and build for your future! Passbook Savings - As little as $100 builds for tomorrow with these advantages:
  • Make deposits anytime without penalty
  • Earn interest from date of deposit to date of withdrawal (minimum $50 balance)
  • No fee on average quarterly balances of $100 or more*
  • No minimum balance requirements for savers 55 or older who enroll in Direct Deposit

*$3 quarterly service charge will be imposed if average daily balance falls below $100. Transaction limitations: Transfers from this account to another account or third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.

StatementSame great advantages of Passbook plus convenient online & ATM access! Statement Savings - Enjoy ready access to your money and the same great advantages as Passbook Savings accounts, plus:
  • Open your account with as little as $100
  • View transaction history and interest earned on your easy-to-read monthly statement  (free eStatements also available).
  • Transfer funds between your accounts using online banking, mobile banking, or with a  simple phone call. (Some restrictions apply)
  • Get 24/7 access to your money through our new surcharge-free ATM network,  Moneypass – available at thousands of ATM’s throughout the nation.

$3 quarterly service charge will be imposed if average daily balance falls below $100. Transaction limitations: Transfers from this account to another account or third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft, debit card or similar order to third parties.

CDsChoose a term that meets your needs to keep your dreams safe & secure! Certificates of Deposit - Your dreams are safe and secure with CDs from Oly Fed.

Your funds are federally insured up to $250,000. Receive interest in regular installments paid directly to you, or re-invest automatically.


  • 91-day & 6-month CDs for $2,500 minimum deposit
  • 12 to 120- month CDs for $100 minimum deposit
  • 15 & 24-month CDs for $100 minimum deposit; add $500 or more at any time without extending your maturity date. Up to $100,000 balance, with interest compounded and paid monthly.
  • 18- month ‘Bump’ CD lets you ‘bump up’ to enjoy a higher interest rate without extending our maturity date. And, you can even make a one-time additional deposit (not to exceed the original opening deposit).

Check back for our seasonal CD specials, offered for a limited time throughout the year.

IRAsWe offer traditional and Roth IRAs, plus SEPP and Coverdell Education accounts. Individual Retirement Accounts - Plan for a safe, rewarding future.

One of the most effective long-term savings programs available.

  • Open for as little as $50
  • Enjoy tax-deferred growth that compounds rapidly at a competitive rate
  • Choose from 12- or 18- to 120-month IRA ‘add-on’ CDs allowing additions of $50 or more anytime.
  • Protect your funds up to $250,000 by the full faith and credit of the U.S. government
  • Save at tax time: your contributions may be deductible. (Consult your tax advisor)
Super SaverStart good savings habits with a special account for savers 18 and younger. Super Saver Passbook Account - Offers many benefits for Savers 18 and younger:
  • Opening balance as little as $1
  • No minimum balance
  • Competitive interest rate compounded daily, paid quarterly

Transaction limitations: Transfers from this account to another account or to third parties by preauthorized, automatic, telephone, or computer transfer are limited to six per month with no transfers by check, draft, debit card or similar orders to third parties.

Compare Accounts - Choose from Three Classics

Savings Account

Passbook

Statement

Super Saver

Minimum Balance to open

$100

$100

$1

Minimum Balance required

$1

$1

$1

Free Online Banking

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Free Transaction / ATM Card

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Free 24 hour phone access

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Earn interest rate

$50 +

$50 +

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Free MO and bank checks

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Monthly or Quarterly Statement

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-

(Depending on frequency)

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Passbook

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eStatements

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Mobile Banking

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Service Quarterly Fee

$3 < $100

$3 < $100

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Super Saver Savings Account