CDs & IRAs for Your Savings and Retirement Goals
OlyFed offers certificate of deposit (CDs), Individual Retirement Accounts (IRAs), and Companion Savings to help you save for short-and long-term goals. Whether you’re setting aside for a future purchase, building an emergency fund, or preparing for retirement, our savings options can help you put your money to work while keeping your financial goals in focus. Explore current CD and IRA rates, and minimum deposits, and learn how our experienced bankers can help you choose a savings solution that fits your needs – from buying a home and funding education to building for retirement.
CD & IRA Rates, Terms & Account Details
Individual Retirement Accounts (IRAs)
Plan for your future with an OlyFed Individual Retirement Account (IRA). IRAs are designed to help you build long-term retirement savings while providing potential tax advantages. OlyFed offers IRA options with flexible contributions and a low minimum opening deposit, making it easier to start saving for retirement.
- Open for as little as $50
- Make additions of $50 or more anytime
- Enjoy tax-deferred growth
- No annual or administrative fees
- Potential tax deduction for eligible IRA contributions*
Whether you’re just starting to save for retirement or adding to your existing savings, an OlyFed IRA can help you work toward your long-term financial goals.
Current IRA Rates & Disclosures
*Consult your tax advisor
Certificates of Deposit (CDs)
CDs 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, features and minimum balances:
- Maximize your returns with “laddering” – we’ll show you how.
- Check out our add-on* and bump rate* CDs that allow you to invest more money or bump up to a higher rate without extending the maturity date.
- And, watch for seasonal limited-time CD specials throughout the year.
Current CD Rates & Disclosures
Add-on and bump rate CDs are only available for consumer customers and not businesses/organizations.
Companion Savings
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
