Last Updated: 04/18/2025
Olympia Credit Union Savings Account
Unaffiliated
in Savings Accounts from Olympia Credit Union
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.07%(Verified 06/21/2024)
Minimum Opening Deposit
$5
Minimum Balance to Earn APY
$50
Olympia Credit Union Savings Account Review
Olympia Credit Union Savings Account is offered by Olympia Credit Union, a credit union founded in 1965 and based in Olympia, WA. Olympia Credit Union Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.07%.
- Waivable monthly maintenance fee. Need to maintain a minimum balance of $5.00 to avoid fee
- Small minimum initial deposit. You only need $5.00 to open an account.
Olympia Credit Union Savings Account Pros & Cons
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Olympia Credit Union Savings Account FAQ
Are savings accounts from Olympia Credit Union federally insured?
Yes, your savings accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.
Does Olympia Credit Union offer a signup bonus?
Olympia Credit Union Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Olympia Credit Union Savings Account?
The minimum deposit to open a Olympia Credit Union Savings Account is $5.00.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Average Balance to Avoid Monthly Service Fee | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $50.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Required Balance | $5.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Olympia Credit Union Savings Account offer?
Olympia Credit Union Savings Account offers an APY of 0.07% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Olympia Credit Union Savings Account charge?
This account charges a monthly service fee of $5.00. However, you can waive the monthly fees if you have a minimum daily balance of $5.00.
- Outgoing domestic bank transfers come with a $20.00 fee.
- Incoming domestic bank transfers come with a $10.00 fee.
- Olympia Credit Union Savings Account charges a $5.00 fee for an early account closure. Contact Olympia Credit Union Savings Account for more details on what is considered an early closure.
- An overdraft on your account will trigger a $30.00 fee per item.
- Olympia Credit Union Savings Account charges $1.50 every time you request a paper statement.
Does Olympia Credit Union Savings Account charge overdraft fees?
Yes, Olympia Credit Union Savings Account charges a $30.00 overdraft fee. Olympia Credit Union Savings Account offers overdraft protection at a cost of $5.00 per transaction. This overdraft protection fee is charged every time the bank arranges a transfer from another one of your accounts, typically a savings account, to cover the overdraft.
What features and perks does Olympia Credit Union Savings Account offer?
This savings account includes the following features:
- Mobile Banking Services - Olympia Credit Union Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Olympia Credit Union Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Olympia Credit Union Savings Account?
The customer support email for Olympia Credit Union Savings Account is info@olycu.org.
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Contact
Headquarters
Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:30PM
Tuesday
9:00AM - 5:30PM
Wednesday
9:00AM - 5:30PM
Thursday
9:00AM - 5:30PM
Friday
9:00AM - 5:30PM
Saturday
Closed
Other Services by Olympia Credit Union
Other Savings Accounts from Olympia Credit Union
Rating not yet determined
APY (Annual Percentage Yield)
0.25%
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Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Rating not yet determined
APY (Annual Percentage Yield)
0.50%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
Rating not yet determined
APY (Annual Percentage Yield)
0.25%
Disclaimer popup with additional information
Minimum Opening Deposit
$0
Minimum Balance to Earn APY
$0
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