CURRENT RATES

Deposit Rates

For great deposit rates in New Jersey, look to Freedom Bank today!

Interest rates and annual percentage yields (APY) are effective as of 11/17/2022.

Certificate of Deposits

TIME DEPOSITSINTEREST RATE (%)APY* (%)MINIMUM DAILY BALANCE TO OPEN AND OBTAIN APY*
3-5 Months0.150.15$500.00
6-11 Months0.150.15$500.00
You pick the term - 11, 17, or 23 Month CD3.9754.05$500.00
12-17 Months0.300.30$500.00
18-23 Months0.300.30$500.00
23 Month Bump-Up CD**1.791.80$500.00
24-35 Months 0.400.40$500.00
36-47 Months0.650.65$500.00
36-47 Months Bump-Up CD** 0.650.65$500.00
48-59 Months0.650.65$500.00
60 Months0.650.65$500.00
60 Months Bump-Up CD**0.650.65$500.00

* Annual Percentage Yield

To obtain the annual percentage yield, you must maintain a minimum balance of $0.01 in the account each day. Interest is compounded monthly and credited monthly. No additional deposits may be made into your account until the maturity date. Early withdrawal penalties may apply. Fees can reduce earnings.

**The 23 Month Bump-UP CD allows for 1 rate bump up during the term of the CD. The 36-47 Month Bump-Up CD allows for 2 rate bump-ups during the term of the CD. The 60 Month Bump-Up CD allows for 3 rate bump-ups during the term of the CD. A bump up on an account does not extend original maturity date. Bump-ups must be made in person at a Freedom Bank branch location. Rate changes will occur at the customer’s election and upon Freedom Bank’s actual receipt of written notice from the customer. The interest rate on the account will change to the interest rate we offer then on accounts of the same term as the original contracted term of the customer’s account. Offer may be withdrawn without prior notice.

Savings Accounts

SAVINGS ACCOUNTSMinimum to OpenMinimum Daily Balance for APY*Interest Rate (%):APY* (%):Minimum Daily Bal to Avoid FeesLow Bal Fee
High Yield Savings$0.00$0.010.400.40$0.00$0.00
Freedom Savings Account$0.00Between $0.01 and $99,999.991.741.75$0.00$0.00
Freedom Savings Account$0.00Between $100,000.00 and $249,999.991.992.00$0.00$0.00
Freedom Savings Account$0.00Between $250,000.00 and $499,999.992.232.25$0.00$0.00
Freedom Savings Account$0.00Greater than or equal to $500,000.002.973.00 $0.00$0.00
Statement Savings$0.00$0.010.150.15$0.00$0.00
Minor Savings $0.00$0.010.150.15$0.00$0.00
Business Savings$0.00$0.010.150.15$0.00$0.00

* Annual Percentage Yield

There is no minimum balance required to open a Savings Account. Interest is compounded daily and paid monthly. All Savings Accounts are considered variable rate products. Your interest rate and annual percentage yield may change after account opening. At our discretion we may change the interest rate on your account at any time.

Personal Checking Accounts

Personal CheckingMinimum to OpenMinimum Daily Balance for APY*Interest Rate (%):APY* (%):Minimum Daily Bal to Avoid FeesLow Bal Fee
Regular Checking$0.00Non-interestn/an/an/an/a
Now Account$0.00$0.010.250.25$750.00$15.00
Senior Checking$0.00$0.010.250.25$0.00$0.00

* Annual Percentage Yield

There is no minimum balance required to open a Now Account or Senior Checking Account. Interest is compounded daily and paid monthly.

All checking accounts receiving interest are considered variable rate products. Your interest rate and annual percentage yield may change after account opening. At our discretion we may change the interest rate on your account at any time. Fees can reduce earnings. Interest is compounded daily and credited monthly.

Business Checking Accounts

Business CheckingMinimum to OpenMinimum Daily Balance for APY*Interest Rate (%):APY* (%):Minimum Daily Bal to Avoid FeesLow Bal Fee
Business Regular Checking$0.00Non-interestn/an/an/an/a
Business Now$0.00$0.010.250.25$5,000.00$10.00
Business Interest Checking$0.00Greater than or equal to $5,000.000.100.10$10,000.00$15.00
Business Interest Checking$0.00Greater than or equal to $10,000.000.250.25$10,000.00$15.00
Business Interest Checking$0.00Greater than equal to $25,000.000.350.35$10,000.00$15.00
Business Interest Checking$0.00Greater than equal to $75,000.000.500.50$10,000.00$15.00

* Annual Percentage Yield

Enrollment in Freedom Bank e-statements is required on the Business Interest Checking Account. Interest is compounded daily and credited monthly.

All checking accounts receiving interest are considered variable rate products. Your interest rate and annual percentage yield may change after account opening. At our discretion we may change the interest rate on your account at any time. Fees can reduce earnings.

Corporations cannot have Now accounts.

Money Market Accounts

Money Market Accounts Minimum to OpenMinimum Daily Balance for APY*Interest Rate (%):APY* (%):Minimum Daily Bal to Avoid FeesLow Bal Fee
Choice Money Market Account (Personal)$0.00$0.010.250.25n/an/a
Platinum Money Market Account (Personal)$0.00Greater than or equal to $500,000.000.400.40n/an/a
Platinum Money Market Account (Personal)$0.00Between $250,000.00 and $499,999.990.300.30n/an/a
Platinum Money Market Account (Personal)$0.00Between $0.01 and $249,999.990.150.15n/an/a
Choice Business Money Market Account$0.00$0.010.250.25n/an/a
Small Business Money Market Account$0.00$0.010.250.25$5,000.00$25.00

* Annual Percentage Yield

¹There is no minimum balance required to open a Savings Account.  Interest is compounded daily and paid monthly. All Money Market Accounts are considered variable rate products. Your interest rate and annual percentage yield may change after account opening. At our discretion we may change the interest rate on your account at any time. 

All Money Market Accounts receiving interest are considered variable rate accounts. Your interest rate and annual percentage yield may change at any time. At our discretion we may change the interest rate on your account.

All interest rates are subject to change without notice. Call for current rates.
Fees can reduce earnings.

IMPORTANT: We will never email you requesting you to purchase gift cards or request any personal information. If you receive a fraudulent email requesting this type of information, please forward to info@freedombanknj.com.

Our branch offices will be closed in observance of Thanksgiving on Thursday, November 24, 2022. Access to online and mobile banking is available 24/7.