Personal Banking

Money Market

Our Choice Money Market Account serves your needs with a competitive interest rate.

What is a money market account? A money market account allows you to earn interest, typically at a higher rate than traditional savings accounts.

Money market accounts combine many features of savings and checking accounts, including the ability to write checks. And you can open a Freedom Bank money market account online!

Choice Money Market Account

Features and benefits that help you save while managing your money. In addition to earning interest there’s:

  • No minimum balance to open
  • No monthly service charges
  • Free & easy-to-read monthly statements
  • Free mobile banking and mobile deposit
  • Free online banking
  • Account subject to Regulation D limitations*
  • Fees can reduce earning

OPEN AN ACCOUNT TODAY

CHOICE MONEY MARKET CURRENT APY

Choice Money Market Account 0.35% APY*

OPEN AN ACCOUNT ONLINE

*Annual Percentage Yield (APY) as of 04/01/2020 and is subject to change without notice. Minimum balance to obtain APY is $0.01. This is a variable rate account, the rate may change after the account is opened. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per month or statement cycle. If you make more than six preauthorized withdrawals or transfers during a month or statement cycle you will be assessed a $10.00 fee. Other penalties may be assessed, including converting your account to a demand deposit account. Fees may reduce earnings.

Platinum Money Market Account

A higher interest rate rewards those that maintain a high balance. In addition to a competitive rate, features that help keep your money handy:

  • Earn a competitive rate of interest on balances >= $500,000
  • No minimum balance to open
  • No monthly service charges
  • Free & easy-to-read monthly statements
  • Free mobile banking and mobile deposit
  • Free online banking
  • Account subject to Regulation D limitations*
  • Fees can reduce earnings

OPEN AN ACCOUNT TODAY

Please see our Current Rates Page for the current annual percentage yield (APY).

PLATINUM MONEY MARKET CURRENT RATES

Greater than or equal to $500,000.00
1.25% APY*
Between $250,000.00 and $499,999.99
0.75% APY*
Between $0.00 and $249,999.99
0.35% APY*
OPEN AN ACCOUNT ONLINE

*Annual Percentage Yield (APY) as of 04/01/2020 and is subject to change without notice. Minimum balance to obtain APY is $0.01. This is a variable rate account, the rate may change after the account is opened. You may make no more than six preauthorized withdrawals, automatic or telephonic transfers, checks, drafts, and debit card or similar transactions from your account per month or statement cycle. If you make more than six preauthorized withdrawals or transfers during a month or statement cycle you will be assessed a $10.00 fee. Other penalties may be assessed, including converting your account to a demand deposit account. Fees may reduce earnings.

What is a Money Market account?

Freedom Bank’s Money Education series answers your questions about Money Markets and how to make the most of the best Money Market account interest rates. Learn how to invest in Money Market Accounts for your business or personal finances.

Open a Money Market Account