In recognition of Juneteenth we will be closed on Monday, June 19. We'll reopen on Tuesday, June 20.

A Game-Changing Rate

Put your savings to work at OlyFed while you enjoy big rates for your big dreams!  Take advantage of this limited-time offer and open an account today at one of our 8 local and convenient branch locations! We look forward to seeing you soon.


Earn 4.17% | 4.25% APY*

Open this CD with $25,000 or more in new money and watch your savings grow even more! Our team of knowledgeable and caring bankers are here to help you with your savings strategies.

Lance Glenn in Information Technology in Olympia, WA.

Earn 3.93% / 4.00% APY*

Open this CD with as little as $2,500 with interest compounding monthly.  Explore our Companion Savings account for increased flexibility.

Khassidy Russel, Assistant Branch Manager at Olympia Federal Saving's Westside branch.

CD Rate Sheet

If you love safe & secure products and strategies that provide flexibility and predictable growth, take a look at all that OlyFed offers to help you meet your savings goals.


*7-MONTH TIERED RATE CD SPECIAL DISCLOSURE: Certificate has a fixed rate for term. Limited-time offer. 7-Month CD with an interest rate of 3.93%/4.00% APY. Deposits with a minimum of $25,000 in new money earn an interest rate of 4.17%/4.25% APY. New money is defined as funds not currently held on deposit with Olympia Federal Savings (OlyFed). The APY is accurate as of May 22, 2023, and is subject to change without notice. The minimum balance to open an account is $2,500 and minimum balance to obtain stated APY is $2,500. APY assumes interest earned remains on deposit until maturity. Fees may reduce earnings. Early withdrawal penalty may apply. Terms and conditions apply. See Truth in Savings and Terms & Conditions brochures for details. Member FDIC.

Pair with a Companion Savings Account

Erika Frazier, Assistant Branch Manager at Olympia Federal Saving's Downtown Olympia branch.Enjoy 3.00% / 3.09% APY on Companion Deposits***

Open a Companion Savings account along with an OlyFed CD and earn a high yield on both accounts while maintaining the ideal mix of flexibility and reward.

• Earn a CD-like rate

• Easy access to funds – withdraw anytime

• No time limits

***COMPANION SAVINGS DISCLOSURES: Variable rate account. Interest rate of 3.00% and 3.09% Annual Percentage Yield (APY) is effective as of March 24, 2023 and subject to change anytime without notice. Initial deposits into the Companion Savings Account cannot exceed the deposits into any new or renewing Certificate of Deposit (CD). Deposits into Companion Savings Accounts can only be made when a new CD is opened, a deposit is made into an existing Certificate or an existing CD account is renewed at time of maturity. Deposits must be made the same day as the deposits into the CD. Companion Savings Accounts are compatible with any CD (including IRA’s). Minimum opening deposit of $100. All balances receive the stated APY. Fees may reduce earnings and rate may change after account opening. Terms and conditions apply. See Truth in Savings disclosure for details.

More than Just a Great Rate

Jennifer Arnold at Habitat for Humanity Build Site

If you are a socially conscious consumer who wants to do good with your money, OlyFed is the community bank for you! At OlyFed your deposits stay local helping stimulate our area economy with small business loans, creating homeownership opportunities for families along with an expanded infrastructure of new housing options through residential and multi-family construction projects.

Community is at the core of who we are which is why we generously share more than 10% of our earnings each year with so many local health and human service, arts, education, environmental, housing and youth-focused organizations. Even better, local taxes stay here and support neighborhood schools, parks and vital services. Simply put, mutual banking with OlyFed matters because we put people above the bottom line.

Banking Built Better

We believe banking should be simple, elegant, and dare we say enjoyable. We believe in keeping the fine print and fees to a minimum and creating transformational relationships built on trust, not transactional ones based on maximizing profits. Our people are incentivized to serve, not sell, and our products are crafted to do the same thing.

To us, you’re more than the balance of your bank account: Guided by our “Better Fedder” training and a compassionate and caring attitude, we nurture relationships to help you define and achieve your financial goals, which why we put people above the bottom line.

As a mutual bank, we’re accountable to you, our customers, not corporate shareholders. With our business model, you’re more than a customer, you’re a stakeholder, which means more for your wallet, for your future and for our community.

This translates to many low to no-cost product and service options. It means we’re focused on helping you get ahead with budgets, financial plans and accounts that provide safe, sustainable and meaningful ways to save.

When you bank with us, you can rest assured knowing you’re doing business with a bank that puts our local neighbors first. Each year, we donate anywhere from 10 to 15% of our profits back to the community, which totaled $440,000 last year! Furthermore, we foster a culture of volunteerism among our people, who happily contributed more than a thousand hours of service last year.

Quarterly Celebration

If you look up OlyFedder in the urban dictionary you’ll find a description of our extraordinary group of financial professionals who find joy and purpose in the meaningful work we do with our customers and community. We’re here to help you.

The People The Stories

CEO and President of OlyFed with BOD team member