Accounts for Young Savers
How many checks does a Jumpstart Checking customer receive for free?
First order
What is the minimum deposit to open a Statement Savings Account?
$100.00
Each Year, OlyFed contributes this percentage range of its revenues to community support.
5%-15%
What is the minimum to open a Journey Checking account?
$100.00
What is the minimum dollar amount a customer may add to their 24 month Add-On CD?
$500.00
What is the minimum deposit to open a Dream Builder or Dream Saver?
$50.00
What is the minimum balance to avoid a service fee on a Statement Savings Account?
$100.00 average daily balance
During what month and year was OlyFed founded?
July 1906
What happens if customers do not meet the premium interest relationship requirements for a Journey Checking for a particular month?
No penalty, no fee, they just earn "regular" checking account interest instead of the premium interest.
When can customers make additions to their 15 month Add-On CD?
Anytime!
How often does a customer receive a statement on a Super Saver account?
Monthly or quarterly depending on transaction frequency.
What is the minimum deposit to open a Money Market account?
$2,500.00
During what year was the Hawks Prairie branch opened?
2006
Is there a monthly service fee on the Journey Checking account?
Can a husband and wife own an IRA jointly in Washington?
No
What is the difference between a Dream Saver and a Dream Builder?
Dream Builder requires a monthly automatic transfer from an OlyFed account, in return it pays higher interest.
How often do customers receive a statement on a Statement Savings account? (Be specific!)
Monthly or Quarterly, depending on activity.
Name three organizations OlyFed supports
Name Three!
Journey checking has to have a Direct Deposit of how much in order to earn the higher interest rate on deposits?
$500.00
What types of accounts does OlyFed offer for IRAs?
Certificates of Deposit
Penny Coyne wants to open a CD for her young son, Nick L. Coyne. She plans to deposit to the account once a quarter when she receives her quarterly work bonus. Which CD for young savers is best for the Coynes?
Dream Saver
How many tiers are in a Personal Money Market?
5
Name three members of our board of directors
Josh Deck, Lori Drummond, Parfait Bassalé, Kathleen Bauknight, Genevieve Canceko Chan, Mary Gentry, John Maxwell, John Warjone.
How much does OlyFed donate to a local charity from each debit card swipe on a Checking?
$.02!
What is the penalty for a 60 month CD?
9 months interest