Our Downtown Olympia, West Olympia and Lacey branch lobbies will be limited to appointments only today; however, drive-thrus remain open for customer assistance.
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Limited Time Offer

2.50% | 2.53% APY 

With today’s volatile and ever-changing market, an OlyFed CD provides safety, certainty and a great savings rate for those looking to protect and grow their investments.

Open this CD Special with as little as $100; however, this limited-time offer won’t last long, so act fast and open an account today.


**12-MONTH CD SPECIAL DISCLOSURE: Certificate has a fixed rate for term. Limited-time offer. 12-month CD with an interest rate of 2.50%/2.53% Annual Percentage Yield (APY) on deposits of $100 or greater. The APY is accurate as of November 28, 2022 and is subject to change without notice. Minimum balance to open an account is $100 and minimum balance to obtain stated APY is $100. APY assumes interest earned remains on deposit until maturity. Fees may reduce earnings. Early withdrawal penalty may apply. Limited-time offer. Terms and conditions apply. See Truth in Savings and Terms & Conditions brochures for details. Member FDIC.

Pair with a Companion Savings Account

Enjoy 1.00% | 1.01% 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

Open a Companion Savings Account

Variable rate account. Interest rate of 1.00% and 1.01% Annual Percentage Yield (APY) 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. 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.

Add a Journey Checking Account

Enjoy 2.50% APY* on Deposits Up to $10,000

At the core of your finances is a checking account and we have designed Journey Checking to give you the tools, resources and insight to help, not hinder your busy life!

Journey Checking delivers 2.44%/2.50% APY* on daily balances up to $10,000 with no monthly service fee! In addition, Journey lets you enjoy access to more than 30,000 surcharge-free ATMs nationwide and there is no charge for money orders and bank checks.

Open a Journey Checking Account


Many Great Features

Account Features Journey Checking
Minimum Balance to Open
Minimum Balance to Open $100
Monthly Service Fee
Monthly Service Fee $0
Earns Interest*
Earns Interest*
Digital Banking**
Digital Banking**
Personal Finance Management
Personal Finance Management
Credit Monitoring & Reports
Credit Monitoring & Reports
Debit Card Control
Debit Card Control
Surcharge Free ATM w/ Visa Debit Card
Surcharge Free ATM w/ Visa Debit Card
Notary Service
Notary Service $0
Money Orders & Bank Checks
Money Orders & Bank Checks $0


Variable interest rate account. Rates subject to change anytime 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 for this tier will range from 2.50% to 0.27%, 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 2.44% with an annual percentage yield of 2.50%*.

• 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, enrollment in retail online banking and signing up to receive eStatements, and maintaining active online banking access as outlined in the Online Banking Terms & Conditions Agreement. One account per Social Security Number. Minimum $100.00 to open an account. Fees may reduce earnings and rate may change after account opening.

** All accounts offer our full suite of digital banking services including Bill Pay, Digital Wallet, Transfers and more.


Banking Built Better

Mom with child on computerWe 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.

We contribute two cents to local charitable organizations with your debit card transactions. By swiping, using your digital wallet, or ordering online, your OlyFed debit card will generate two cents to be donated to a nonprofit in the South Sound!

This charitable gift-giving program is free, year-round and works with any OlyFed debit card that’s tied to an active account. It’s an automatic stream of donations to a local nonprofit simply by using your OlyFed debit card for transactions that you normally make.

Our Two Cent Campaign launched in November of 2018 and has provided more than $100,000 in support to more than 35 local nonprofit organizations whose missions are to improve the quality of life in our area. The benefiting charity changes each month and all you have to do is continue the things you love like shopping, eating out and grabbing a movie with friends.



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 $465,000 in 2020! Furthermore, we foster a culture of volunteerism among our people, who happily contributed more than a thousand hours of service last year.

Quarterly Celebration

It’s super easy to switch to our free checking accounts! With just a few clicks of your mouse, you’re on your way to digitally transfer your direct deposits and automatic payments to your new OlyFed account.

Ask your OlyFed banker how to get the ClickSWITCH process rolling by contacting us or visiting any of our branch locations.

Questions? We’ve got answers. Enter Your SwitchTRACK Code


Raina at local bakery in downtown Olympia WA

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 Schedule A Personal Appointment