Olympia Federal Savings and Loan Association savings, CD and money market rates
Olympia Federal Savings and Loan Association advertises 2.57% APY on its Companion Savings account. That is 2.20 percentage points above the national savings average of 0.37% (FDIC, Sep 2026).
A checking account at the bank is required.
Ranked #277 of 1929 tracked savings rates by advertised APY. For a $10,000 balance it would rank #175.
Estimate your earnings·What Olympia Federal Savings and Loan Association actually pays
Olympia Federal Savings and Loan Association at a glance
| Savings | |
|---|---|
| Top savings APY | 2.57% · Companion Savings · checking account required |
| Minimum to open | $100 · Companion Savings |
| Against the national average | 2.20 percentage points above the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.82% · 8 months · 8 Mo. Outreach CD |
| Minimum to open | $2,500 · 8 months CD |
| Money market | |
| Top money market APY | 2.83% · Premium Personal Money Market Account (MMA) · needs at least $1,000,000 |
| Minimum to open | $50,000 · Premium Personal Money Market Account (MMA) |
| Against the national average | 2.20 percentage points above the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 28599 · Olympia, WA |
|---|---|
| Website | www.olyfed.com |
| Branches | 9 branches in WA |
| Availability | Available in WA |
Olympia Federal Savings and Loan Association savings, CD and money market rates
Personal
How the rate applies
How the rate applies
IRA
Business
How the rate applies
How the rate applies
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.01% or more. See the highest savings rates.
Olympia Federal Savings and Loan Association CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 2.75% | $2,500 | 91 Day CD |
| 6 months | 3.04% | $2,500 | 6 Mo. CD |
| 8 months | 3.82% | $2,500 | 8 Mo. Outreach CD |
| 12 months | 3.04% | $100 | 12 Mo. CD |
| 15 months | 1.31% | $100 | 15 Mo. Add-On CD |
| 18 months | 1.21% | $100 | 18 Mo. Add-on Bump Rate CD |
| 18 months | 2.90% | $100 | 18 Mo. CD |
| 24 months | 1.21% | $100 | 24 Mo. Add-On CD |
| 24 months | 2.60% | $100 | 24 Mo. CD |
| 30 months | 2.40% | $100 | 30 Mo. CD |
| 36 months | 2.30% | $100 | 36 Mo. CD |
| 48 months | 2.25% | $50 | 48 Mo. Dream Saver CD |
| 48 months | 1.21% | $100 | 48 Mo. Add-On CD |
| 48 months | 2.30% | $100 | 48 Mo. CD |
| 48 months | 2.35% | $50 | 48 Mo. Dream Builder CD |
| 60 months | 0.90% | $100 | 60 Mo. Bump Rate CD |
| 60 months | 2.50% | $100 | 60 Mo. CD |
| 72 months | 2.50% | $100 | 72 Mo. CD |
| 120 months | 1.50% | $100 | 120 Mo. CD |
| IRA CDs | |||
| 12 months | 3.19% | $50 | 12 Mo. IRA |
| 18 months | 3.00% | $50 | 18 Mo. IRA |
| 24 months | 2.70% | $50 | 24 Mo. IRA |
| 36 months | 2.40% | $50 | 36 Mo. IRA |
| 48 months | 2.40% | $50 | 48 Mo. IRA |
| 60 months | 2.60% | $50 | 60 Mo. IRA |
| 72 months | 2.60% | $50 | 72 Mo. IRA |
| 120 months | 1.60% | $50 | 120 Mo. IRA |
Interactive Tool
Calculate Savings for Olympia Federal Savings and Loan Association
All calculations are based on APY.
Tiered rates: 0.10% to 3.09% APY across 6 balance tiers.
Savings Breakdown
- Interest Earned+$424.60(0.7%)
- Total Contributions$13,000
- Initial Deposit$50,000
Projected Balance
$63,424.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Olympia Federal Savings and Loan Association pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Olympia Federal Savings and Loan Association paid a higher average rate on savings and money market deposits than 28% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Olympia Federal Savings and Loan Association, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Companion Savings | 2.57% | $100 | $0 | None | not stated | Checking account · direct deposit not stated | One rate | |
| Super Saver | 0.15% | $1 | $0 | None | not stated | not stated | One rate | |
| HSA | 0.05% | $1 | $0 | None | not stated | not stated | One rate | |
| Statement Savings | 0.05% | $100 | $0 | None | $3 quarterly service charge will be imposed if average daily balance falls below $100. | not stated | One rate | |
| Premium Personal Money Market Account (MMA) | 2.83% | $50,000 | $50 | None | not stated | not stated | Tiered | |
| Personal Money Market Account (MMA) | 0.51% | $2,500 | $50 | None | not stated | not stated | Tiered | |
| Business | ||||||||
| Business Premium Money Market Account | 3.09% | $50,000 | $50 | None | not stated | not stated | Tiered | |
| Companion Savings | 2.57% | $100 | $0 | None | not stated | Checking account · direct deposit not stated | One rate | |
| Business Money Market Account (MMA) | 0.51% | $2,500 | $50 | None | not stated | not stated | Tiered | |
| Statement Savings | 0.05% | $100 | $0 | None | $3 quarterly service charge will be imposed if average daily balance falls below $100. | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 91 Day CD | 3 months | 2.75% | $2,500 | not stated | not stated |
| 6 Mo. CD | 6 months | 3.04% | $2,500 | not stated | not stated |
| 8 Mo. Outreach CD | 8 months | 3.82% | $2,500 | not stated | not stated |
| 12 Mo. CD | 12 months | 3.04% | $100 | not stated | not stated |
| 15 Mo. Add-On CD | 15 months | 1.31% | $100 | not stated | not stated |
| 18 Mo. Add-on Bump Rate CD | 18 months | 1.21% | $100 | not stated | not stated |
| 18 Mo. CD | 18 months | 2.90% | $100 | not stated | not stated |
| 24 Mo. Add-On CD | 24 months | 1.21% | $100 | not stated | not stated |
| 24 Mo. CD | 24 months | 2.60% | $100 | not stated | not stated |
| 30 Mo. CD | 30 months | 2.40% | $100 | not stated | not stated |
| 36 Mo. CD | 36 months | 2.30% | $100 | not stated | not stated |
| 48 Mo. Dream Saver CD | 48 months | 2.25% | $50 | not stated | not stated |
| 48 Mo. Add-On CD | 48 months | 1.21% | $100 | not stated | not stated |
| 48 Mo. CD | 48 months | 2.30% | $100 | not stated | not stated |
| 48 Mo. Dream Builder CD | 48 months | 2.35% | $50 | not stated | not stated |
| 60 Mo. Bump Rate CD | 60 months | 0.90% | $100 | not stated | not stated |
| 60 Mo. CD | 60 months | 2.50% | $100 | not stated | not stated |
| 72 Mo. CD | 72 months | 2.50% | $100 | not stated | not stated |
| 120 Mo. CD | 120 months | 1.50% | $100 | not stated | not stated |
| IRA CDs | |||||
| 12 Mo. IRA | 12 months | 3.19% | $50 | not stated | not stated |
| 18 Mo. IRA | 18 months | 3.00% | $50 | not stated | not stated |
| 24 Mo. IRA | 24 months | 2.70% | $50 | not stated | not stated |
| 36 Mo. IRA | 36 months | 2.40% | $50 | not stated | not stated |
| 48 Mo. IRA | 48 months | 2.40% | $50 | not stated | not stated |
| 60 Mo. IRA | 60 months | 2.60% | $50 | not stated | not stated |
| 72 Mo. IRA | 72 months | 2.60% | $50 | not stated | not stated |
| 120 Mo. IRA | 120 months | 1.60% | $50 | not stated | not stated |
Opening and using the account
| Availability | Available in WA |
|---|---|
| Footprint | 9 branches in WA |
| Eligibility | not stated |
How Olympia Federal Savings and Loan Association behaves over time
Every observation of the advertised Companion Savings rate in the last 12 months was 2.57% (observed through Sep 16, 2026). The series includes promotional tiers where one applied.
- Companion Savings
- The same as 7 days ago.
- 8 months CD
- The same as 7 days ago.
- Premium Personal Money Market Account (MMA)
- The same as 7 days ago.
- Rate last changed
- Sep 3, 2026(effective date)
$10,000 at the 2.57% APY Olympia Federal Savings and Loan Association advertises on Companion Savings grows to $10,257 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,920 does today. See how the federal funds rate shapes savings rates.
Olympia Federal Savings and Loan Association CD rates over time
Who is Olympia Federal Savings and Loan Association?
| Headquarters | Olympia, WA |
|---|---|
| Founded | 1906 |
| Scale | $1.0B assets · $710M deposits, $636M of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 28599 |
Financial detail is in What Olympia Federal Savings and Loan Association pays on deposits above.
Common questions about Olympia Federal Savings and Loan Association
Is Olympia Federal Savings and Loan Association FDIC insured?
Yes. Olympia Federal Savings and Loan Association is FDIC insured under certificate 28599, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Olympia Federal Savings and Loan Association?
Olympia Federal Savings and Loan Association requires a minimum deposit of $100 to open its Companion Savings account, as observed on Sep 16, 2026. Check the bank's current terms before you open an account.
Does Olympia Federal Savings and Loan Association have branches?
Yes. Olympia Federal Savings and Loan Association operates 9 branches according to FDIC branch records, in addition to its website and mobile apps.
Olympia Federal Savings and Loan Association against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Olympia Federal Savings and Loan Association | 3.09% | 0.87% | $50,000 | 9 branches in WA |
| ConnectOne Bank | 3.10% | 2.79% | $2,500 | 57 branches in FL, NJ, NY |
| The MINT National Bank | 3.10% | 2.54% | $1,000 | 1 branch in TX |
| Esquire Bank, National Association | 3.05% | 2.96% | $0 | 6 branches in CA, IL, NY |
Alternatives are the three tracked banks whose highest savings APY is closest to Olympia Federal Savings and Loan Association's.
Similar banks and rate hubs
Banks in the same rate band with the same product mix:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.