Welcome to OlyFed's Digital Branch
With OlyFed’s Digital Branch, you can do it all without doing it in person. We offer anytime, anywhere access to account opening and account management tools that work with your schedule.
Even better, our online account opening process is quick and easy – taking about 5 minutes to complete.
All of our accounts come with dedicated customer care and support from a personal banker that is just a phone call, email or text away!
RETURN TO APPLICATION CHECKING ACCOUNTS CD ACCOUNTS IRA ACCOUNTS SAVINGS ACCOUNTS MONEY MARKET ACCOUNTS
CHECKING ACCOUNT OPTIONS
Free Checking Never Felt So Good!
At the core of your finance is a checking account and we have designed a series of free accounts that give the tools, resources and insights to help, not hinder your busy life. Our accounts are built with the technology to deliver a better banking experience so you can easily manage your money on the go. Click and switch to OlyFed in minutes!
- Access to 33,000+ surcharge-free ATMs nationwide
- Free credit monitoring and reports
- Free personal financial management tools
- Free digital safety features like Card Control
- When you debit, we donate 2 cents to a local nonprofit
OPEN A CHECKING ACCOUNT
Journey Checking
Journey Checking offers a competitive 5.00% / 5.20% APY* on daily balances up to $10,000, plus you’ll never have to pay a monthly service fee. Open today with as little as $100!
OPEN A JOURNEY CHECKING ACCOUNT
Freestyle Checking
The Freestyle Checking account takes only $1.00 to open and has no minimum balance requirements or monthly fees.
OPEN A FREESTYLE CHECKING ACCOUNT
Community Checking
OlyFed’s Community Checking is designed to be an affordable transaction account to meet the needs of individuals who haven’t worked with a traditional financial institution in the past or who are looking to reestablish their credit and economic health and well-being. Community Checking comes with financial education support to help build savings, assets and credit.
OPEN A COMMUNITY CHECKING ACCOUNT
*JOURNEY CHECKING DISCLOSURE
Variable interest rate account. Rates effective December 1, 2023 and are 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 5.20% to 0.56%, 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 5.00% with an annual percentage yield of 5.20%*.
• 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.
CERTIFICATES OF DEPOSIT OPTIONS
Savings Choices for Short and Long Term Goals
If you’re here looking at our savings options, you’re clearly a big fan of safe and secure products and strategies that provide flexibility and predictable growth. CDs are a great option for those looking to protect their savings principle, while providing a guaranteed rate of return.
For those looking to maximize their returns, you might consider a laddering strategy with staggered maturities. With a laddering strategy, you can redeem funds in regular intervals, while also taking advantage of long-term, stable returns.
OPEN A CERTIFICATE OF DEPOSIT (CD) ACCOUNT
CERTIFICATE OF DEPOSIT DISCLOSURES: All certificates have fixed rate for term, with exception to the 60 Month Bump Rate CD and the 18 Month Bump Rate CD. The Annual Percentage Yield (APY) is accurate as of December 15, 2023 and is subject to change. APY assumes interest earned remains on deposit until maturity. Fees may reduce earnings. Early withdrawal penalty may apply. *Variable rate for term. The interest rate on your Bump Rate CD account may change once during the term. Terms and conditions apply. See Truth in Savings disclosure for details.
COMPANION SAVINGS
Your CDs Best Friend!
Open an OlyFed CD first, then you can open a Companion Savings Account at an equal or lesser amount. Enjoy 2.75% / 2.83% APY*
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. Our Companion Savings account is the perfect partner for your OlyFed CD. This unique account:
- Stays open for as long as you like
- Keeps funds available as needed
- Allow you to withdraw funds anytime without a penalty
- Offers competitive earnings like a CD
OPEN A COMPANION SAVINGS ACCOUNT
*COMPANION SAVINGS DISCLOSURES: Variable rate account. Interest rate of 2.75% and 2.83% Annual Percentage Yield (APY) is effective as of September 27, 2024, and is 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. When a CD matures, up to the entire balance of the maturing CD may be deposited into a Companion account. Deposits must be made the same day as the deposits into the CD or at time of maturity. 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.
Individual Retirement Account Options
Protect Your Principle and Guarantee Your Returns
An Individual Retirement Account (IRA) is your own personal time-travel machine, propelling you to a secure future. Go there now, with the great long-term savings vehicle.
With OlyFed’s IRA accounts there is no annual fee or administrative fees and you can open an account with as little as $50. Even better you can make additions of $50 or more anytime, plus you enjoy tax-deferred growth and possible tax deductions on your contributions. Consult your tax advisor for details.
OPEN AN INDIVIDUAL RETIREMENT (IRA) ACCOUNT
IRA ACCOUNT DISCLOSURES: All Individual Retirement Accounts (IRAs) have fixed rate for term. Early withdrawal penalty may apply. The Annual Percentage Yield (APY) is accurate as of October 18, 2024 and is subject to change. The APY assumes interest earned remains on deposit until maturity. Fees may reduce earnings. Terms and conditions apply. See Truth in Savings disclosure for details.
OPEN A SAVINGS ACCOUNT
Statement Savings Account: 0.05% / 0.05% APY*| $50 to Open & Earn APY | Compounds Daily
OPEN A STATEMENT SAVINGS ACCOUNT
Health Savings Account (HSA): 0.05%/0.05% APY**| $1 to Open / $0 to earn APY | Compounds Daily
OPEN A HEALTH SAVINGS ACCOUNT
Companion Savings Account: 3.00% / 3.04% APY*** | $100 to Open /$0 to earn APY | Compounds Daily
OPEN A COMPANION SAVINGS ACCOUNT
*STATEMENT SAVINGS ACCOUNT DISCLOSURES: Rates may change after the account is opened. The APY is accurate as of December 15, 2023 and is subject to change without notice. Fees may reduce earnings. Terms and conditions apply. See Truth in Savings disclosure for details.
**HEALTH SAVINGS ACCOUNT DISCLOSURES: Rates may change after the account is opened. The APY is accurate as of December 15, 2023 and is subject to change without notice. Fees may reduce earnings. Terms and conditions apply. See Truth in Savings disclosure for details.
***COMPANION SAVINGS DISCLOSURES: Variable rate account. Interest rate of 3.00% and 3.04% Annual Percentage Yield (APY) is effective as of September 22, 2023, and is 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. When a CD matures, up to the entire balance of the maturing CD may be deposited into a Companion account. Deposits must be made the same day as the deposits into the CD or at time of maturity. 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.
OPEN A MONEY MARKET ACCOUNT
Personal Money Market Account
OPEN A PERSONAL MONEY MARKET ACCOUNT
Personal Premium Money Market Account
OPEN A PERSONAL PREMIUM MONEY MARKET ACCOUNT
*MONEY MARKET ACCOUNT DISCLOSURES: Rates may change after the account is opened. The Annual Percentage Yield (APY) is accurate as of November 22, 2024 and is subject to change without notice. Must maintain a minimum of $50 in the account each day to obtain the disclosed APY. Fees may reduce earnings. Terms and conditions apply. See Truth in Savings disclosure for details.
