Holiday Notice: Our branches will closed on Monday, February 17 for Presidents' Day. We'll reopen Tuesday, February 18.

Open an Account Online

Welcome! Our online account opening option offers 24-hour access so that it works with your schedule when you need it. Plus, the process is quick and easy – taking about 5 minutes to complete.

Have you already started an application and need to pick up where you left off? Click here and you will be asked for your mother’s maiden name, email, social security number and date of birth to confirm your identity before proceeding.

Checking Accounts

Our Journey Checking account is new to OlyFed and has quickly become a favorite with customers. It offers a great rate atop our exceptional service the account, features no monthly fee, and benefits communities in the South Sound with a swipe of your debit card. Plus, enjoy 24/7 mobile access through OlyFed mobile or online banking, surcharge-free ATMs nationwide and digital wallet access through Apple Pay, Google Pay or Samsung Pay.

Account requirements include:

  • Opening deposit of $100
  • 10 debit card transactions per statement cycle
  • Direct deposits totaling $500 + per month
  • Use of Online Banking and eStatements

Current Journey Checking Rates & Disclosures

The Freestyle Checking account takes only $1.00 to open, has no minimum balance requirements or monthly fees while also benefiting communities in the South Sound with each debit card swipe. Other account benefits include:

  • Free Debit/ATM card
  • Access to 33,000+ surcharge-free ATM’s nationwide
  • Free online banking and Bill Pay
  • Free mobile banking
  • Free eStatements

Savings Accounts

Build a flexible investment strategy. Open a high-yield Companion Savings along with a qualifying CD-you’ll earn the benefits of both! Great rate, no time limits, withdraw any time.

Fund your Companion Savings account up to an amount equal to your qualifying CDs. Even better, your account stays in place and continues to earn the same high rate after your CD has matured. Pair your Companion Savings account with multiple CDs, increasing your earning power.

Open a CD online and then you’ll be given the opportunity to open a Companion Savings account.

Current Companion Savings Rates & Disclosures

Our tiered money market account is a good option for gaining higher interest rates from your higher balances. A safe place to earn premium interest rates, this account has an opening deposit of $2,500.00 and interest compounds daily.

Tier 1: $50-$2,499
Tier 2: $2,500-9,999
Tier 3: $10,000-$49,999
Tier 4: $50,000- $99,999
Tier 5: $100,000 or more

Must maintain a minimum of $50 in the account each day to obtain the disclosed annual percentage yield (see our Current Rates).

Since 1906, we’ve helped generations of families build their future with secure savings programs. Our statement savings account takes only $100.00 to open and includes benefits such as free eStatements and ease of transferring funds between accounts.

Current Statement Savings Rates & Disclosures

An HSA is a type of personal savings account that helps those with qualified high-deductible health plans save money on many out-of-pocket medical expenses. Our Health Savings Account has no monthly or service fee, earns a competitive interest rate and offers convenient access to your funds through online banking and a debit card.

  • This is an interest-bearing account with no monthly fee
  • Contributions are made pretax
  • Tax-free withdrawals means you don’t pay tax on money you withdraw for qualified medical expenses*
  • You can take a once-in-a-lifetime distribution from your traditional or Roth IRA to fund your account
  • There are no use-it-or-lose-it rules

Current HSA Rates & Disclosures

Certificates of Deposit

CDs at OlyFed are the smart way to protect your funds while earning a secure, predictable rate. Receive interest in regular installments, or re-invest automatically and keep your money working safely.

Choose from an array of terms and consider “laddering” your CDs to maximize your returns and add flexibility to your savings strategy. With laddering, you open a series of CDs that mature at different, sequential dates in the future – like 12, 18 months and 24 months.

As one CD matures, you can either use that money if you need it or just open a new CD for the next rung on your ladder.

12 Month CD:  .85% Interest Rate / .85% APY

  • $100 to open
  • $100 to earn Annual Percentage Yield (APY)
  • Compounds monthly

Current CD Rates & Disclosures

CDs at OlyFed are the smart way to protect your funds while earning a secure, predictable rate. Receive interest in regular installments, or re-invest automatically and keep your money working safely.

Choose from an array of terms and consider “laddering” your CDs to maximize your returns and add flexibility to your savings strategy. With laddering, you open a series of CDs that mature at different, sequential dates in the future – like 12, 18 months and 24 months.

As one CD matures, you can either use that money if you need it or just open a new CD for the next rung on your ladder.

18 Month CD: .90% Interest Rate / .90% APY

  • $100 to open
  • $100 to earn Annual Percentage Yield (APY)
  • Compounds monthly

Current CD Rates & Disclosures

CDs at OlyFed are the smart way to protect your funds while earning a secure, predictable rate. Receive interest in regular installments, or re-invest automatically and keep your money working safely.

Choose from an array of terms and consider “laddering” your CDs to maximize your returns and add flexibility to your savings strategy. With laddering, you open a series of CDs that mature at different, sequential dates in the future – like 12, 18 months and 24 months.

As one CD matures, you can either use that money if you need it or just open a new CD for the next rung on your ladder.

24 Month CD: 1.20% Interest Rate / 1.21% APY

  • $100 to open
  • $100 to earn Annual Percentage Yield (APY)
  • Compounds monthly

Current CD Rates & Disclosures