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How do CDs (Certificates of Deposit) work?

What is a CD (Certificate of Deposit)? How do I determine the best CD interest rate and term for me? This video in Freedom Bank’s Money Education series provides investing basics about Certificates of Deposits. Learn about CD rates, minimum deposits and term periods (e.g. 12-month CD or 24-month CD).

Make the Move to Freedom Bank for a variety of available options at competitive CD rates. You can open a CD account online or by dropping into any of our New Jersey bank branches.

Late last night we advised that there was a fake Freedom Bank website, as of this morning it has been taken down. The fake, or otherwise known as "spoofed" website was an attempt to lure customers to provide their personal information. Rest assured, Freedom Bank’s website is secure and there have been no known compromises to our customers or customer information. Please be sure that when visiting Freedom Bank's website, that the web address matches one of the following: or