Rates

Effective Date: 7/16/2014
Time Deposits    
Interest Rate (%):
APY* (%):
3-5 Months 0.30 0.30
6-11 Months 0.40 0.40
12-17 Months 0.99 1.00
18-23 Months 0.99 1.00
24-35 Months 1.34 1.35
36-47 Months 1.24 1.25
36-47 Months Bump-Up CD 1.49 1.50**
48-59 Months 1.64 1.65
60 Months 1.49 1.50
60 Months Bump-Up CD 1.74 1.75**
   
* Annual Percentage Yield
**New Money Only
 
The minimum balance to open a Certificate of Deposit or an Individual Retirement Certificate of Deposit Account and to receive the annual percentage yield is $500.00. Interest is simple interest and credited monthly. Early withdrawal penalties may apply. Fees can reduce earnings.
The 36-47 Month Bump-Up CD allows for 2 rate bump-ups during the term of the CD. The 60 Month Bump-Up CD allows for 3 rate bump-ups during the term of the CD. Bump-ups must be made in person at a Freedom Bank branch location. Rate changes will occur at the customer's election and upon Freedom Bank's actual receipt of written notice from the customer. The interest rate on the account will change to the interest rate we offer then on accounts of the same term as the original contracted term of the customer's account. This promotion is limited to $100,000. per customer. Offer may be withdrawn without prior notice.
 
Savings
Interest Rate (%):
APY* (%):
Statement Savings 0.15 0.15
Minor Savings 0.15 0.15
Business Savings 0.15 0.15
* Annual Percentage Yield
There is no minimum balance required to open or maintain a Savings Account 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. At our discretion we may change the interest rate on your account. We may change the interest rate on your account at any time. Transfers from a savings account to another account or to third parties are limited to six per statement cycle. Fees can reduce earnings.
Checking
Interest Rate (%):
APY* (%):
Now Account 0.25 0.25
Senior checking 0.25 0.25
High Interest Checking req'mts not met 0.25

0.25

High Interest Checking greater than equal to $1,000.00 0.50 0.50
High Interest Checking greater than equal to $10,000.00 0.75 0.75
High Interest Checking greater than equal to $25,000.00 1.00 1.00
Business Now 0.25 0.25
Business Interest Checking greater than equal to $5,000.00. less than $10,000.00 0.10 0.10
Business Interest Checking greater than equal to $10,000.00. less than $25,000.00 0.25 0.25
Business Interest Checking greater than equal to $25,000.00. less than $75,000.00 0.35 0.35
Business Interest Checking greater than equal to $75,000.00 0.50 0.50
Money Market Act less than $2500.00 0.05 0.05
Money Market Act greater than equal to $2500.00 0.20 0.20
MMA Relationship less than $2500.00 0.05 0.05
MMA Relationship greater than equal to $2500.00 0.25 0.25
Small Business MM 0.25 0.25
Choice Money Market Account1   0.75 0.75
Choice Business MMA1   0.75 0.75
     
* Annual Percentage Yield
There is no minimum balance required to open or maintain a Now Account or Senior Checking Account in order to receive the annual percentage yield. Interest is compounded daily and paid monthly.
The minimum balance to open and receive the annual percentage yield on Money Market Accounts is $1,000.00. A balance of $1,000.00 must be maintained in order to avoid a service charge. Interest is compounded daily and credited monthly. Transfers from a Money Market Account to another account or to third parties are limited to six per statement cycle.

1 There is no minimum balance required to open the Choice Money
Market Account and the Choice Business MMA.  You must maintain a minimum balance of $0.01 in the account each day to obtain the disclosed annual percentage yield.  Interest is compounded daily and paid monthly. New money only. Transfers from a Money Market Account to another account or to third parties are limited to six per statement cycle.  Fees can reduce earnings. 

All checking and money market accounts receiving interest are considered variable rate accounts. Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account. We may change the interest rate on your account at any time. Fees can reduce earnings.
The minimum balance to open and receive the annual percentage yield on the High Interest Checking is $1000.00. A balance of $1,000.00 must be maintained in order to avoid a service charge. Enrollment in Freedom Bank's e-statements and successful completion of 3 Freedom Bank Bill Pays per statement cycle is required. Bill Pay transactions completed on the last day of the statement cycle will count towards the next statement cycle's qualifications. Interest is compounded daily and credited monthly.
The minimum balance to open and receive the annual percentage yield on the Business Interest Checking is $5,000. A balance of $10,000. must be maintained in order to avoid a service charge. Enrollment in Freedom Bank e-statements is required. Interest is compounded daily and credited monthly.

Corporations cannot have Now accounts.
All interest rates are subject to change without notice.
Call for current rates.
Fees can affect earnings.

* Annual Percentage Yield

 
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