O

Olympia Federal Savings

Best ForEveryday Medical Spending
FeesNone ($0 Maintenance)

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 TypeThis ProviderIndustry AverageVerdict
Monthly Maintenance$0.00$0.69EXCELLENT
Account Opening$0.00$1.88EXCELLENT
Account Closing$0.00$1.95EXCELLENT

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 RangeAPY
$0+0.05%

Last updated: 11-12-2025

Contact Information

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

Monthly Fee$0
Investment ThresholdN/A
Interest Rate (Cash)~0.05%
Debit CardIncluded
FDIC InsuredYes

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

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NegativeNeutralPositive

Sentiment data coming soon

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