Access the Equity You've Earned
Take advantage of a 12-month introductory rate of 4.95% APR with an OlyFed Home Equity Line of Credit (HELOC)*.
Whether you’re planning home improvements, wanting to build an Accessory Dwelling Unit (ADU), making an addition to your home or preparing for life’s unexpected expenses, a HELOC gives you flexible access to your home’s equity whenever you need it.
Borrow on Your Schedule
With an OlyFed HELOC, you’ll enjoy the flexibility to borrow only what you need, when you need it.
Features include:
- 4.95% APR introductory rate for the first 12 months
- 10-year draw period to access available funds
- 15-year repayment term
- Loans up to $400,000
- No risk-based pricing with our home loans, you’ll get our advertised rate regardless of credit score.
From application to funding, we’re here to help you make the most of your home’s equity.
Get Even More with Journey Checking
For even greater convenience, pair your HELOC with an OlyFed Journey Checking account, plus enjoy 4.00% / 4.13% APY** on daily balances up to $10,000.
Transfer funds directly from your line of credit into your checking account through Online Banking, then use your debit card, write checks, pay bills or make purchases with ease. It’s a simple way to keep your borrowing and everyday banking working together.
**JOURNEY CHECKING DISCLOSURE
Variable interest rate account. Rates effective as of July 3, 2025, and are subject to change any time and without notice.
- An interest rate of 0.05% will be paid only for that portion of your daily balance that is greater than $10,000.00. The annual percentage yield (APY) for this tier will range from 4.13% to 0.46%, depending on the balance in the account.
- If your daily balance is $10,000.00 or less, the interest rate paid on the entire balance will be 4.00% with an annual percentage yield of 4.13%*.
- If your account does not have the required activity noted below* an interest rate of 0.05% will be paid on the entire balance. The annual percentage yield for the entire balance will be 0.05%, depending on the balance in the account.
*Premium rate requires monthly direct deposit of $500 or more, debit card activation and 10 debit transactions posted per statement cycle, and signing up to receive eStatements. One account per Social Security Number. Minimum $100.00 to open an account. Fees may reduce earnings, and rate may change after account opening.
A Lending Partner You Can Count On
Accountable to You, Not Shareholders!
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.
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 at least 10% of our profits back to the community! Furthermore, we foster a culture of volunteerism among our people, who happily contributed more than a thousand hours of service last year.
HELOC SPECIAL DISCLOSURE: Get an introductory rate as low as 4.95% Annual Percentage Rate (APR) for twelve (12) months when you apply before promotion ends. After the introductory period, any and all remaining outstanding balances will automatically convert to a variable rate APR based on the Wall Street Journal Prime Rate plus a margin. We have an APR minimum (floor) of 4.00%. The maximum APR is 18.00%.
This limited-time special offer is subject to change or withdrawal at any time without notice. Home Equity Line of Credit is only available in Washington state.
Maximum Loan Amount is $400,000.
FEES AND CHARGES. To open and maintain a line of credit, you must pay the following fees to us:
Maintenance: $50.00 (due annually). Note that some fees may only apply upon the occurrence of an event and have been provided for informational purposes only.
You must also pay certain fees to third parties, such as appraisers, credit reporting firms, and government agencies. These fees generally total $1,487.00 to $3,432.00.
The following are an estimate of third-party fees:
- Appraisal: $0 – $1,100.00
- Credit Report: $95.00 – $190.00
- Official: $350.00
- Courier Fee: $90.00
- Escrow Fee: $500.00
- E-Recording Fee: $10.00
- Title insurance: $250.00 – $1,000.00
- Flood Determination: $17.00
- Tax Registration: $81.00
Olympia Federal Savings reserves the right to charge the customer a fee, as allowed by law, for any check tendered to Olympia Federal Savings that is not honored and returned to Olympia Federal Savings for any reason including, but not limited to, a stop payment order, insufficient funds or an over the limit draft. You must carry insurance on the property that secures the line of credit.
