In recognition of Juneteenth we will be closed on Monday, June 19. We'll reopen on Tuesday, June 20.

Make the Move to Mutual Banking

OlyFed It and Forget It!

Many people are familiar with not-for-profit credit unions and for-profit banks; however, not much is known about mutual savings banks like OlyFed. That’s because we are different. We’re in our own unique category called you-profit.

As a mutual, we’re accountable to you, our customers, not corporate shareholders. With our business model, mutual means more…for your wallet, for your future and for your community.

 Since 1906, we’ve continued to operate with the same neighbor-helping-neighbor business model. By mixing amazing customer service and competitive savings rates with 21st century digital banking technology, we serve up a one-of-a-kind, values-driven approach to local banking.

Make the switch today and discover the OlyFed difference.

Open a Journey Checking Account Open a Freestyle Checking Account

Free Checking Never Felt So Good!

Our accounts are built with the technology to deliver a better banking experience. You can create budgets and manage your money in one place like paying bills, reimbursing friends, transferring money to savings and investment accounts, and controlling your debit card and wallet from your phone. All of these fingertip-ready tools provide you with the information to identify trends and help you make better financial decisions.

Even better, enjoy checking that’s good for you and our community. Every time you debit, we donate! At OlyFed, Mutual Banking means we put relationships above the bottom line.

Journey Checking

Earn 3.60% 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 3.49% / 3.60% 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 an Account Current Rates & Disclosures*

Freestyle Checking

Open your Freestyle Account today with as little as $1 and enjoy the freedom that comes with a comprehensive set of digital banking tools and resources. Just like with every OlyFed checking account, we donate two cents to a local nonprofit with every Freestyle debit card transaction.

OPEN AN ACCOUNT

Two Great Checking Options

Checking Account Journey Freestyle
Minimum Balance to Open
Minimum Balance to Open $100 $1
Monthly Service Fee
Monthly Service Fee $0 $0
Earns Interest*
Earns Interest* None
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 $0
Money Orders & Bank Checks
Money Orders & Bank Checks $0 $0

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

 

Click & Switch to OlyFed

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

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 is why we put people above the bottom line.

Checking that’s Good for You and Our Community

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 $135,000 in support to more than 45 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 approximately $450,000 last year! Furthermore, we foster a culture of volunteerism among our people, who happily contributed more than a thousand hours of service each 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

 

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