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*

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.


Jump Start Checking

It’s the perfect (and perfectly free) way for young people through age 18* to experience responsible saving and spending. With $50 to open, this account earns interest on any balance, has no monthly fee or minimum balance and comes with free digital controls so parents can help manage money and spending limits. Jump Start is designed to allow the rewards of saving and education on budgeting.

Current Jump Start Checking Rates & Disclosures

Learn More

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.

Learn More

Four Free Checking Options

Checking Account Journey Freestyle Jump Start* Community
Minimum Balance to Open
Minimum Balance to Open $100 $1 $50 $1
Monthly Service Fee
Monthly Service Fee $0 $0 $0 $0
Earns Interest**
Earns Interest** None 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 $0 $0
Money Orders & Bank Checks
Money Orders & Bank Checks $0 $0 $0 $0

* 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.

List of Beneficiaries

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.

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