Money Market Accounts

If you like the idea of earning a competitive rate and keeping your money handy just in case the unexpected happens, one of Freedom Bank's three Money Market Accounts is an excellent savings option for you. Each of the three Money Market Accounts offers different features, but all three provide a high return on your savings dollars and complete liquidity. Please see our Rates page for the current interest rate yields earned on the varying tiers.

Money Market Account

  • Earn the top tier interest rate with a daily
    balance =>$2,500.
  • Earn a competitive rate of interest with a daily balance =>$1,000.
  • There’s no monthly service charge when a daily balance of $1,000. or more is maintained. 
  • If the daily balance falls below $1,000. any time during the monthly statement cycle, a $15 service charge will be assessed.
  • Easy to read monthly statement.
  • Account subject to Money Market limitations*
  • Excessive Money Market transaction fees apply**
  • Fees can reduce earnings.

Money Market Relationship Account

  • Enjoy a better rate of interest when you also have an associated checking account.
  • Earn the top tier interest rate with a daily
    balance =>$2,500.
  • Earn a competitive rate of interest with a daily balance =>$1,000.
  • There’s no monthly service charge when a daily balance of $1,000. or more is maintained.
  • If the daily balance falls below $1,000. any time during the monthly statement cycle, a $15 service charge will be assessed.
  • Easy to read monthly statement
  • Account subject to Money Market limitations*
  • Excessive Money Market transaction fees apply**
  • Fees can reduce earnings.

Choice Money Market Account

  • Earn the top tier interest rate with a daily balance =>$10,000.
  • Earn an intermediate tier interest rate with a daily balance >=$2500.00 and <=$9,999.99
  • Earn the lower tier interest rate with a daily balance <=$2,499.99
  • New money only.
  • Maximum deposit of $250,000.00.
  • There's no monthly service charge.
  • Easy to read monthly statement
  • Account subject to Money Market limitations*
  • Excessive Money Market transaction fees apply**
  • Fees can reduce earnings.

*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

 
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