Personal Banking

Savings Accounts

Enjoy more Freedom with one of our savings accounts.

Visit one of our branch locations today to open any of our savings accounts—or choose from those available for convenient online account opening!

Freedom Bank allows you to choose the best savings account or traditional high-interest savings account to reach your savings goals.

Statement Savings Account

Structured as a traditional savings account, it offers a convenient way to save and earn interest without the need to keep track of a passbook.

  • Free & easy-to-read monthly statement
  • No minimum balance requirements
  • Free eStatement
  • Free mobile banking and mobile deposit
  • Free online banking
  • No monthly maintenance fees
  • Gain access to your funds at any Freedom Bank ATM or Allpoint Surcharge Free ATM location free of charge
  • Account subject to Regulation D limitations**
  • Fees can reduce earnings

OPEN AN ACCOUNT TODAY

**Your savings account interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time.

Freedom to save more.

Statement Savings Current APY 0.15% APY*

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*Annual Percentage Yield (APY) as of 11/17/2020. Minimum balance to obtain APY is $0.01. Interest is compounded daily and paid monthly. This is a variable rate account. The annual percentage yield and rate may change after the account is opened. 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. Excessive withdrawal fee:  $10.00 per transaction. Fees may reduce earnings. **Effective April 24th 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. 

Minor Savings Account

Teach financial responsibility and give your child hands-on experience with a Minor Savings Account. Freedom Bank believes it is never too early to learn healthy savings habits, and we aim to be your choice bank to open a minor savings account.

  • No minimum balance requirements
  • No monthly maintenance fees
  • Free & easy-to-read monthly statement
  • Free eStatement
  • Free mobile banking and mobile deposit
  • Free online banking
*The depositor is permitted or authorized to make no more than six transfers and withdrawals, or a combination of such transfers and withdrawals, per calendar month or statement cycle (or similar period) of at least four weeks, to another account (including a transaction account) of the depositor at the same institution or to a third party by means of a preauthorized or automatic transfer, or telephonic (including data transmission) agreement, order or instruction, or by check, draft, debit card, or similar order made by the depositor and payable to third parties. Excessive Withdrawal Fees: $10 per transaction. **Effective April 24th 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.
There is no minimum balance required to open a Statement Savings or Minor 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 at any time.

Save for their future.

Minor Savings Current APY 0.15% APY*

OPEN AN ACCOUNT TODAY

*Annual Percentage Yield (APY) as of 11/17/2020. Minimum balance to obtain APY is $0.01. Interest is compounded daily and paid monthly. This is a variable rate account. The annual percentage yield and rate may change after the account is opened. 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. Excessive withdrawal fee:  $10.00 per transaction. Fees may reduce earnings. **Effective April 24th 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. 

Make the move to a savings account from Freedom Bank.

Prepare your finances for the expected and unexpected.

OPEN A SAVINGS ACCOUNT

Direct Deposit makes life easier!

Freedom Bank’s Money Education Video Series answers your questions about how to deposit your paycheck directly into your account(s). In our video you’ll learn about Direct Deposit’s benefits, including:

– Quick access…you no longer have to wait for the check to clear. Automatic deposit!
– Electronic deposits are made even if you’re on vacation or sick
– The ability to split paychecks across different accounts is an easy way to save
– Helping the environment by going paperless

For information on a Business Savings Account, visit here.