Interest rates and annual percentage yields (APY) are effective as of 01/25/2022.
Certificate of Deposits
| TIME DEPOSITS | INTEREST RATE (%) | APY* (%) | MINIMUM OPENING DEPOSIT |
|---|---|---|---|
| 3-5 Months | 0.15 | 0.15 | $500.00 |
| 6-11 Months | 0.15 | 0.15 | $500.00 |
| 12-17 Months | 0.30 | 0.30 | $500.00 |
| 18-23 Months | 0.30 | 0.30 | $500.00 |
| 24-35 Months | 0.40 | 0.40 | $500.00 |
| 36-47 Months | 0.65 | 0.65 | $500.00 |
| 36-47 Months Bump-Up CD | 0.65 | 0.65** | $500.00 |
| 48-59 Months | 0.65 | 0.65 | $500.00 |
| 60 Months | 0.65 | 0.65 | $500.00 |
| 60 Months Bump-Up CD | 0.65 | 0.65** | $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. We do not have to permit early withdrawals from the account. Early withdrawal penalties may apply. Fees can reduce earnings.
**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. 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. This promotion is limited to $100,000.00 per customer. Offer may be withdrawn without prior notice. New Money Only.
Savings Accounts
| SAVINGS ACCOUNTS | Minimum to Open | Minimum Daily Balance for APY* | Interest Rate (%): | APY* (%): | Minimum Daily Bal to Avoid Fees | Low Bal Fee |
|---|---|---|---|---|---|---|
| High Yield Savings | $0.00 | $0.01 | 0.40 | 0.40 | $0.00 | $0.00 |
| Statement Savings | $0.00 | $0.01 | 0.15 | 0.15 | $0.00 | $0.00 |
| Minor Savings | $0.00 | $0.01 | 0.15 | 0.15 | $0.00 | $0.00 |
| Business Savings | $0.00 | $0.01 | 0.15 | 0.15 | $0.00 | $0.00 |
* Annual Percentage Yield
There is no minimum balance required to open a Savings Account. You must maintain a minimum balance of $0.01 in the account each day in order to receive the annual percentage yield. 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. Transfers by way of check, draft, debit card, or similar order made payable to a third party is limited to six (6) transfers per month or statement cycle (of up to four weeks). Excessive Withdrawal Fee: $10 per transaction. Fees can reduce earning. Effective April 24, 2020 the Federal Reserve Board announced an interim final rule to amend Regulation D to delete the six per month limit on convenient transfers. Click here for full details.
Personal Checking Accounts
| Personal Checking | Minimum to Open | Minimum Daily Balance for APY* | Interest Rate (%): | APY* (%): | Minimum Daily Bal to Avoid Fees | Low Bal Fee |
|---|---|---|---|---|---|---|
| Regular Checking | $0.00 | Non-interest | n/a | n/a | n/a | n/a |
| Now Account | $0.00 | $0.01 | 0.25 | 0.25 | $750.00 | $15.00 |
| Senior Checking | $0.00 | $0.01 | 0.25 | 0.25 | $0.00 | $0.00 |
* Annual Percentage Yield
There is no minimum balance required to open a Now Account or Senior Checking Account. You must maintain a minimum balance of $0.01 in the account each day in order to receive the annual percentage yield. 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. Fees can reduce earnings. Interest is compounded daily and credited monthly.
Business Checking Accounts
| Business Checking | Minimum to Open | Minimum Daily Balance for APY* | Interest Rate (%): | APY* (%): | Minimum Daily Bal to Avoid Fees | Low Bal Fee |
|---|---|---|---|---|---|---|
| Business Regular Checking | $0.00 | Non-interest | n/a | n/a | n/a | n/a |
| Business Now | $0.00 | $0.01 | 0.25 | 0.25 | $5,000.00 | $10.00 |
| Business Interest Checking | $0.00 | Greater than or equal to $5,000.00 | 0.10 | 0.10 | $10,000.00 | $15.00 |
| Business Interest Checking | $0.00 | Greater than or equal to $10,000.00 | 0.25 | 0.25 | $10,000.00 | $15.00 |
| Business Interest Checking | $0.00 | Greater than equal to $25,000.00 | 0.35 | 0.35 | $10,000.00 | $15.00 |
| Business Interest Checking | $0.00 | Greater than equal to $75,000.00 | 0.50 | 0.50 | $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. Fees can reduce earnings.
Corporations cannot have Now accounts.
Money Market Accounts
| Money Market Accounts | Minimum to Open | Minimum Daily Balance for APY* | Interest Rate (%): | APY* (%): | Minimum Daily Bal to Avoid Fees | Low Bal Fee |
|---|---|---|---|---|---|---|
| Choice Money Market Account (Personal) | $0.00 | $0.01 | 0.25 | 0.25 | n/a | n/a |
| Platinum Money Market Account (Personal) | $0.00 | Greater than or equal to $500,000.00 | 0.40 | 0.40 | n/a | n/a |
| Platinum Money Market Account (Personal) | $0.00 | Between $250,000.00 and $499,999.99 | 0.30 | 0.30 | n/a | n/a |
| Platinum Money Market Account (Personal) | $0.00 | Between $0.01 and $249,999.99 | 0.15 | 0.15 | n/a | n/a |
| Choice Business Money Market Account | $0.00 | $0.01 | 0.25 | 0.25 | n/a | n/a |
| Small Business Money Market Account | $0.00 | $0.01 | 0.25 | 0.25 | $5,000.00 | $25.00 |
* Annual Percentage Yield
¹There is no minimum balance required to open a Savings Account. You must maintain a minimum balance of $0.01 in the account each day in order to receive the annual percentage yield. 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. Transfers by way of check, draft, debit card, or similar order made payable to a third party is limited to six (6) transfers per month or statement cycle (of up to four weeks). Excessive Withdrawal Fee: $10 per transaction. Fees can reduce earning. Effective April 24, 2020 the Federal Reserve Board announced an interim final rule to amend Regulation D to delete the six per month limit on convenient transfers. Click here for full details.
All Checking and 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.
