Checking That Balances Your Life & Money
At the core of your finances is a checking account and we have designed a series of free checking accounts that give you the tools, resources and insight to help, not hinder your busy life!
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, and transferring money to savings and investment accounts. Even better, you can see your net worth at a glance, receive transaction alerts, manage your credit, and control 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.
Journey Checking
Earn 5.20% 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 5.00% / 5.20% 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*
*JOURNEY CHECKING DISCLOSURE
Variable interest rate account. Rates effective December 1,2023 and 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.
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.
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.
RoundUp
With RoundUp, you can swipe and save effortlessly! Sign up with any OlyFed checking account and every time you use your debit card, round up your purchases to the nearest dollar and deposit the spare change into your designated savings account. Just shop as usual and watch your savings balance grow with every purchase!
We’re here to help you register your account and chat about the perks of RoundUp. All you need to get started is an OlyFed checking account with a debit card and a savings account for your automatic transfers to flow into.
Four Free Checking Options
| Checking Account | Journey | Freestyle | Jump Start* | Community | |
|---|---|---|---|---|---|
| Minimum Balance to Open Open/Close | |||||
| Minimum Balance to Open | $100 | $1 | $50 | $1 | |
| Monthly Service Fee Open/Close | |||||
| Monthly Service Fee | $0 | $0 | $0 | $0 | |
| Earns Interest** Open/Close | |||||
| Earns Interest** | None | None | |||
| Digital Banking*** Open/Close | |||||
| Digital Banking*** | |||||
| Personal Finance Management Open/Close | |||||
| Personal Finance Management | |||||
| Credit Monitoring & Reports Open/Close | |||||
| Credit Monitoring & Reports | |||||
| Debit Card Control Open/Close | |||||
| Debit Card Control | |||||
| Surcharge Free ATM w/ Visa Debit Card Open/Close | |||||
| Surcharge Free ATM w/ Visa Debit Card | |||||
| Notary Service Open/Close | |||||
| Notary Service | $0 | $0 | $0 | $0 | |
| Money Orders & Bank Checks Open/Close | |||||
| Money Orders & Bank Checks | $0 | $0 | $0 | $0 | |
| RoundUp Savings Open/Close | |||||
| RoundUp Savings | |||||
| Open Online | Open Online | Learn More | Learn More | ||
* Jump Start checking is for young people through age 18 and must be opened in a branch.
** Checking interest rate.
***All accounts offer our full suite of digital banking services including Bill Pay, Digital Wallet, Transfers and more.
Member FDIC
Banking Built Better
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 $125,000 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 $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.
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
