Olympia Federal Savings
Quick Summary
- HSA savings account
The Verdict
Olympia Federal Savings provides essential HSA features with zero monthly maintenance fees and basic savings functionality, earning a 0/5.0 rating from HSA Orbit.
OlyFed? Sure, you might know us as the financial institution that sponsors everything. But our day job is really about serving our communities as a locally based mutual bank. That means we answer to you, our depositors and borrowers; not shareholders.
By mixing amazing customer service, trusted lending solutions and competitive savings rates with 21st century digital and mobile banking technology, we serve up a one-of-a-kind, values-driven approach to local banking.
What, you didn’t know those things about us? Settle in, we’re just getting to the good stuff …
Key Features
Banking & Access
Includes debit card, online banking and check-writing.
Investment Options
This provider focuses on cash savings without investment options.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
Requires $1 minimum balance. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance | $0.00 | $0.69 | EXCELLENT |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $0.00 | $1.95 | EXCELLENT |
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Savings-Only Account
Olympia Federal Savings currently offers a savings-focused HSA without investment options. Your funds earn interest in a cash account.
Interest Rates
Standard Rates
| Balance Range | APY |
|---|---|
| $0+ | 0.05% |
Last updated: 11-12-2025
Contact Information
Website
https://www.olyfed.com/hsa/Address
303 Cleveland Ave SE Tumwater, WA 98501 Customer Service Mailing Address P.O. Box 1338 Olympia, WA 98507
Customer Service
(800) 865-3470
303 Cleveland Ave SE Tumwater, WA 98501 Customer Service Mailing Address P.O. Box 1338 Olympia, WA 98507
At a Glance
Pros & Cons
The Good
- •No monthly maintenance fees
- •No account opening or closing fees
- •FDIC/NCUA insured deposits
The Bad
- •No investment options available
User Sentiment
Based on community feedback
Sentiment data coming soon
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