Freedom Bank: Savings Accounts, CDs, Money Market & Rates

By Aviel Fahl

Updated: 8/15/2026

Mission: Banksparency aims to make Freedom Bank's deposit accounts transparent and comparable to the market.

Interest rates reported as APY

Analysis of Freedom Bank

Our verdict

CD Analysis

Freedom Bank offers CDs paying up to 3.85% APY on its 18 months term, across 11 term lengths.

Tracking 13 active CD products, useful for locking in today's rate before further moves at the Fed.

Best CD use: locking in 3.85% APY for a 18 months term and laddering across multiple maturities.

Freedom Bank also offers Freedom Savings Account, a high-yield savings account paying 3.00% APY with no minimum deposit.

At 3.00% APY, Freedom Bank pays 8x the national savings average of 0.38%.

Additional Accounts

High Yield Savings, a high-yield savings account at 0.40% APY.
Platinum Money Market Account (Personal), a money market account at 0.40% APY.
Choice Money Market Account (Personal), a money market account at 0.25% APY.

Ideal User Profile

Best for: simple saving without extra requirements.

Important Considerations

No app ratings available for this bank.

iOS app rating is not available.

Android app rating is not available.

Deposit Accounts Overview

Freedom Savings Account

Savings

3.00% APY

Tiered Range: 1.75% - 3.00%

No Minimums Branch Access

Rank #116 of 337 tracked.

Variable rate. The rate for the tier that the balance falls in is paid on the entire balance.

High Yield Savings

Savings

0.40% APY

No Minimums Branch Access

Rank #187 of 337 tracked.

Choice Business Money Market Account

Savings

0.25% APY

No Minimums Branch Access

Rank #205 of 337 tracked.

Small Business Money Market Account

Savings

0.25% APY

No Minimums Branch Access

Rank #206 of 337 tracked.

Business Savings

Savings

0.15% APY

No Minimums Branch Access

Rank #239 of 337 tracked.

Minor Savings

Savings

0.15% APY

No Minimums Branch Access

Rank #240 of 337 tracked.

Statement Savings

Savings

0.15% APY

No Minimums Branch Access

Rank #241 of 337 tracked.

Choice Money Market Account (Personal)

Money Market

0.25% APY

No Minimums Branch Access

Platinum Money Market Account (Personal)

Money Market

0.40% APY

Tiered Range: 0.15% - 0.40%

No Minimums Branch Access

Market Reality Check

This institution offers rates below the top 10 savings and money market accounts we track. Those institutions all pay at least 4.01% APY.

See Top Rates

National Avg: 0.38% (FDIC, 8/1/2026).
Banksparency tracks live rates daily.

Bank Overview

HQ LocationMaywood, NJ
Deposit InsuranceFDIC Insured(Cert: 58712)

Visit Official Website

Featured Offers

Axos ONE - High Yield Savings & Checking

Over 95,000 fee-free ATMs
Get paid up to 2 days early with Direct Deposit
One convenient app for spending & saving

FDIC Insured

Savings4.21%APY

Checking0.51%APY

Go to Axos Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	0
Min. Balance in Savings Account	0
How to qualify for APY	OPTION ADirect Deposit $1,500+ AND Maintain $1,500+ avg daily checking balance. OR OPTION BDeposit $5,000+ total/mo AND Maintain $5,000+ avg daily checking balance.
Mobile Ratings	iOS:4.7 Android:4.5

The APY is available with the Axos ONE savings and checking bundle. The checking account also earns interest. To qualify, you must either set up a direct deposit of $1,500 and maintain an average daily balance of more than $1,500 in your ONE Checking account, or receive at least $5,000 in total monthly qualifying deposits and maintain an average daily balance of more than $5,000.

EASY TRANSFERS, LOW MINIMUMS

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FDIC Insured

Quontic High Yield Savings

Apply in 3 minutes or less
No monthly service fees
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FDIC Insured

Savings3.20%APY

Go to Quontic Bank

FDIC or NCUA insured

View Details

Monthly Maintenance Fee	None
Min. Deposit to Savings Account	10000
Min. Balance in Savings Account	0
Mobile Ratings	iOS:4.8 Android:4.9

Deposit Accounts: In-Depth View

Savings Accounts Offered by Freedom Bank

Feature	Freedom Savings Account	High Yield Savings	Business Savings	Minor Savings	Statement Savings
APY	3.00%Range: 1.75% - 3.00%Verified: 8/15/2026	0.40%Verified: 8/15/2026	0.15%Verified: 8/15/2026	0.15%Verified: 8/15/2026	0.15%Verified: 8/15/2026
APY Trend	N/A	N/A	N/A	N/A	N/A
Min. Deposit	$0	$0	$0	$0	$0
Min. Balance	$0.01	$0.01	$0.01	$0.01	$0.01
Monthly Fee	N/A	N/A	N/A	N/A	N/A
Direct Deposit	None	None	None	None	None
Checking Bundle	No	No	No	No	No
In-Branch Access	Yes	Yes	Yes	Yes	Yes
Compounding	daily	daily	daily	daily	daily
FDIC Insured	Yes	Yes	Yes	Yes	Yes
Eligibility	United States	United States	United States	United States	United States
Important	Variable rate. The rate for the tier that the balance falls in is paid on the entire balance.	-	-	-	-
Next Steps	-	-	-	-	-

Interactive Tool

Calculate Savings for Freedom Bank

All calculations are based on APY.

Choose savings account

Initial deposit

Recurring deposit

Frequency

Duration

Savings Breakdown

Interest Earned
+$1,161.10(7.7%)
Total Contributions
$13,000
Initial Deposit
$1,000

Projected Balance

$15,161.10

Effective APY

3.00%

The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.

Freedom Bank Deposit Rates Over Time

No historical data available.

Compare with Freedom Bank

Feature	Current View Freedom Bank	Empty Slot
Product		-
APY	1.75% - 3.00%Verified: 8/15/2026	-
APY Trend	N/A	-
Min. Deposit	$0	N/A
Monthly Fee	N/A	-
Direct Deposit	No	-
Checking Bundle	No	-
In-Branch Access	Yes	-
Eligibility	United States	-
Compounding	daily	-
FDIC or NCUA Insured	Yes	-
Note	Variable rate. The rate for the tier that the balance falls in is paid on the entire balance.	-
Next Steps	-	-

CD Overview

3.85% Highest APY

Across 13 CD products with terms: 6-11 months, 18 months, 23 months, 24-35 months, 36-47 months, 48-59 months, 60 months, 12 months, 12-17 months, 3-5 months, 18-23 months

CD Products Offered by Freedom Bank

Feature	3-5 Month CD 3-5 months	6-11 Month CD 6-11 months	12 Month CD Special 12 months	12-17 Month CD 12-17 months	18 Month CD Special 18 months	18-23 Month CD 18-23 months	23 Month Bump-Up CD 23 months	24-35 Month CD 24-35 months	36-47 Month CD 36-47 months	36-47 Month Bump-Up CD 36-47 months	48-59 Month CD 48-59 months	60 Month CD 60 months	60 Month Bump-Up CD 60 months
APY	0.15%Verified: 8/15/2026	0.15%Verified: 8/15/2026	3.75%Verified: 8/15/2026	3.00%Verified: 8/15/2026	3.85%Verified: 8/15/2026	0.30%Verified: 8/15/2026	1.80%Verified: 8/15/2026	0.40%Verified: 8/15/2026	0.65%Verified: 8/15/2026	0.65%Verified: 8/15/2026	0.65%Verified: 8/15/2026	0.65%Verified: 8/15/2026	0.65%Verified: 8/15/2026
Term	3-5 months	6-11 months	12 months	12-17 months	18 months	18-23 months	23 months	24-35 months	36-47 months	36-47 months	48-59 months	60 months	60 months
Min. Deposit	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500	$500
Early Withdrawal	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FDIC Insured	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes
Notes	-	-	New money only. The rate applies only to funds that are not already on deposit at the bank.	-	New money only. The rate applies only to funds that are not already on deposit at the bank.	-	One rate bump-up is allowed during the term. A bump-up must be requested in person at a branch, and it does not extend the original maturity date.	-	-	Two rate bump-ups are allowed during the term. A bump-up must be requested in person at a branch, and it does not extend the original maturity date.	-	-	Three rate bump-ups are allowed during the term. A bump-up must be requested in person at a branch, and it does not extend the original maturity date.

Freedom Bank CD Rates Over Time

Not enough rate history to show a chart. We have CD rates for this bank from one day only. The chart shows when we collect more data.

Money Market Accounts Offered by Freedom Bank

Feature	Platinum Money Market Account (Personal)	Choice Money Market Account (Personal)
APY	0.40%Range: 0.15% - 0.40%Verified: 8/15/2026	0.25%Verified: 8/15/2026
Min. Deposit	$0	$0
Min. Balance	$0.01	$0.01
Monthly Fee	N/A	N/A
Direct Deposit	None	None
In-Branch Access	Yes	Yes
Compounding	daily	daily
FDIC Insured	Yes	Yes
Eligibility	United States	United States

Alternatives to Freedom Bank

Banks with Higher/Similar Savings APY

For a top list of the highest savings rates, see all HYSA top rates

First National Bank of Clarksdale

Regular Savings: 0.20% APY

Minimum Deposit: $100

Health Savings Account: 0.10% APY

Minimum Deposit: N/A

Commercial Investment Money Market: 3.25% APY

Minimum Deposit: $100,000

IRA Floating: 0.30% APY

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Money Market: 2.25% APY

Minimum Deposit: $1,000

Primis Bank

Primis Savings Account: 3.85% APY

Minimum Deposit: $1

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Primis Business Savings: 4.00% APY

Minimum Deposit: $1

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Ergo Bank

Business Savings: 0.05% APY

Minimum Deposit: $100

Variable Rate IRA: 3.53% APY

Minimum Deposit: $100

Go Money Market: 2.22% APY

Minimum Deposit: $1,000

Business Money Market: 2.22% APY

Minimum Deposit: $1,000

Health Savings Account: 0.30% APY

Minimum Deposit: $100

Go Savings: 0.05% APY

Minimum Deposit: $100

Customers Bank

Yield Shield Savings Account: 3.38% APY

Minimum Deposit: $25,000

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Lindell Bank & Trust Company

18-Month Special Variable Rate IRA: 4.18% APY

Minimum Deposit: $1,000

Variable Savings: 0.25% APY

Minimum Deposit: N/A

Christmas Club Savings: 0.25% APY

Minimum Deposit: N/A

Vio Bank

Online Savings Account: 3.99% APY

Minimum Deposit: $100

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Cornerstone Money Market Savings: 3.45% APY

Minimum Deposit: $100

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FinWise Bank

Consumer Money Market: 3.70% APY

Minimum Deposit: $1,000

Consumer Statement Savings: 0.30% APY

Minimum Deposit: N/A

Business Statement Savings: 0.30% APY

Minimum Deposit: N/A

Business Money Market: 3.70% APY

Minimum Deposit: $1,000

Bonanza Valley State Bank

Christmas Club Savings: 3.00% APY

Minimum Deposit: $25

Health Savings Account: 2.00% APY

Minimum Deposit: N/A

Individual Retirement Account: 3.00% APY

Minimum Deposit: N/A

Tiered Savings: 3.00% APY

Minimum Deposit: $100

Money Market: 0.80% APY

Minimum Deposit: $1,000

Fitness Bank

Fitness Elite Checking & Fitness Savings Combo: 4.05% APY

Bundled Savings & Checking Account

Minimum Deposit: $100

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Senior Fitness Savings Account: 3.75% APY

Minimum Deposit: $100

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Fitness Savings Account: 3.75% APY

Minimum Deposit: $100

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UFB Direct

UFB Checking and Savings Bundle: 3.46% APY

Bundled Savings & Checking Account

Minimum Deposit: $5,000

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Direct Deposit: Not required

UFB Portfolio Money Market: 3.26% APY

Minimum Deposit: $0

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UFB Portfolio Savings: 3.26% APY

Minimum Deposit: $0

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Bank Michigan

Health Savings Account (HSA): 0.10% APY

Minimum Deposit: $50

Savings Account: 0.10% APY

Minimum Deposit: $10

Money Market Investments (MMI): 1.50% APY

Minimum Deposit: $2,500

Premier Money Market Investments (MMI): 3.75% APY

Minimum Deposit: $25,000

Business Money Market Investments (MMI): 2.00% APY

Minimum Deposit: $10,000

First Federal Community Bank, National Association

Health Savings Account: 3.04% APY

Minimum Deposit: N/A

First Choice Money Market: 0.55% APY

Minimum Deposit: N/A

Vacation Club: 0.02% APY

Minimum Deposit: N/A

First Fed Plus Savings: 0.71% APY

Bundled Savings & Checking Account

Minimum Deposit: $1

Direct Deposit: Not required

First Choice Savings: 0.02% APY

Minimum Deposit: N/A

Christmas Club: 0.02% APY

Minimum Deposit: N/A