Freedom Savings

Freedom Savings

Put your money to work, with a high interest Freedom Savings.

Freedom Savings pays up to 0.75% APY* on your balance when you open a Freedom Rewards or Freedom Rewards-Interest account! A free account that pays you in ways that matter. Open your accounts today at any of our convenient locations.

Benefits

  • 0.75% APY* on balances up to $20,000
  • 0.25% APY* on balances over $20,000
  • 0.05% APY* if qualifications are not met on Freedom Rewards or Freedom Rewards-Interest account
  • No minimum balance to earn rewards
  • No monthly service fee
  • FREE Online Banking
  • FREE electronic bank statements
  • 0.25% rate discount on qualifying non-mortgage Consumer Loans with automatic draft from an Eligible Freedom Bank Account
  • $50 minimum deposit to open

Here’s how easy it is to earn your rewards:

Qualifying in your Freedom Rewards or Freedom Rewards-Interest account automatically qualifies you for the highest Freedom Savings rate, too. To earn your rewards, just do the following transactions and activities in your Freedom Rewards or Freedom Rewards-Interest account during each Monthly Qualification Cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and log into online banking at least once (1) per qualification cycle

And if you don’t meet these qualifications, don’t worry — your accounts are still free. Plus, you’ll still earn our base interest rate on Freedom Savings. And you can always earn your full rewards the very next cycle that you qualify.

*Qualification Information: Account transactions and activities may take one or more days to post and settle to the account and all must do so during the Monthly Qualification Cycle in order to qualify for the account's rewards. The following activities do not count toward earning account rewards: ATM-processed transactions, transfers between accounts, debit card purchases processed by merchants and received by our bank as ATM transactions, non-retail payment transactions, and purchases made with debit cards not issued by our bank. Transactions bundled together by merchants and received by our institution as a single transaction count as a single transaction for the purpose of earning account rewards. "Monthly Qualification Cycle" means a period beginning on the first day of the current statement cycle through the last business day of the current statement cycle. Reward Information: When your Freedom Rewards or Freedom Rewards-Interest account qualifications are met during a Monthly Qualification Cycle, an interest rate of 0.75% will be paid on the portion of your daily balance that is less than or equal to $20,000 and the annual percentage yield for this tier is 0.75%. An interest rate of 0.25% will be paid on the portion of your daily balance that is greater than $20,000 and the annual percentage yield for this tier will be 0.25%. When Freedom Rewards or Freedom Rewards-Interest qualifications are not met, all balances in the Freedom Savings earn 0.05% APY*. *APY = Annual Percentage Yield. APY is accurate as of 11/17/2021. Rates and rewards are variable and may change after account is opened. Additional Information: Account approval, conditions, qualifications, limits, timeframes, enrollments, log-ons and other requirements apply. $50.00 minimum deposit is required to open the account. Receipt of electronic statements is a condition of this account. Enrollment in electronic services (e.g. online banking and log-ons) may be required to meet some of the account's qualifications. Limit one (1) account per social security number. There are no recurring monthly service charges or fees to open or close this account. Contact one of our Freedom Bank service representatives for additional information, details, restrictions, processing limitations and enrollment instructions. Member FDIC