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)
Protect your savings while earning a secure, predictable return with a Certificate of Deposit (CD). Olympia Federal Savings offers flexible CD accounts and competitive CD rates to help grow your money while keeping your savings secure.
Choose from a variety of CD terms, features and minimum balance options to find an account that fits your financial goals. You can receive interest in regular installments or automatically reinvest your earnings to keep your money working for you.
- Maximize your savings with CD laddering: Build a CD ladder to help balance competitive returns with access to your funds. Our team can show you how CD laddering works and help you determine if it’s right for your savings strategy.
- Explore Add-On and Bump Rate CDs:** Add more money to your CD or take advantage of a higher available rate when eligible—without extending your original maturity date.
- Take advantage of CD specials: Watch for seasonal, limited-time CD specials throughout the year for opportunities to earn more on your savings.
Whether you’re saving for a short-term goal or looking for a predictable way to grow your funds, a Certificate of Deposit from Olympia Federal Savings can provide competitive rates, flexible terms and dependable returns.
Current CD Rates & Disclosures
Add-on and bump rate CDs are only available for consumer customers and not businesses/organizations.
Companion Savings
Pair your OlyFed Certificate of Deposit (CD) with a Companion Savings Account to enjoy competitive earnings while keeping your money accessible. This unique savings option combines the potential for CD-like earnings with the flexibility to access your funds when you need them.
With a Companion Savings Account, you can:
- Earn a competitive, CD-like rate while keeping your savings accessible.
- Access your funds when needed with the flexibility to withdraw without an early withdrawal penalty.
- Keep your account open as long as you like—there are no fixed time limits like those associated with a traditional CD.
- Pair your savings with an OlyFed CD to create a flexible savings strategy designed to balance predictable growth and access to your money.
Learn more about our Companion Savings Account and explore our current rates to see how your savings can work harder for you.
Whether you’re building your savings or looking for more flexibility alongside a CD, Companion Savings can help you keep your money working while maintaining convenient access to your funds.
Retirement Calculators
Planning for retirement starts with understanding how your savings can grow over time. Use our retirement calculators to estimate your future retirement savings, explore how contributions and investment returns may affect your goals, and determine how much you may need to save for retirement. These helpful tools can make it easier to create a retirement savings strategy and prepare for the future with greater confidence.
As you plan for your financial future, explore OlyFed’s savings accounts and options to find ways to build your savings for both short- and long-term goals. Combining the right savings strategy with regular contributions can help you stay on track as you work toward a more secure retirement.
