Last Updated: 04/18/2025
The Freedom Bank of Virginia Personal Money Market
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.25% - 0.40%(Verified 07/15/2024)
Minimum Balance to Earn APY
N/A
Minimum Opening Deposit
Starting at $200
The Freedom Bank of Virginia Personal Money Market Review
The Freedom Bank of Virginia Personal Money Market is offered by The Freedom Bank of Virginia, a bank founded in 2001 and based in Fairfax, VA. The Freedom Bank of Virginia Personal Money Market are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Very high annual percentage yield (APY). This account offers an annual percentage yield of up to 0.40%, which is much higher than the national average for a money market account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- $200 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of The Freedom Bank of Virginia Personal Money Market
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The Freedom Bank of Virginia Personal Money Market FAQ
Are money market accounts from The Freedom Bank of Virginia federally insured?
Yes, your deposits are insured by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What are the interest rates for The Freedom Bank of Virginia Personal Money Market rates?
The Freedom Bank of Virginia Personal Money Market offers an APY starting at 0.25% and ranging up to 0.40% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.25% - 0.40% |
What are the fees for The Freedom Bank of Virginia Personal Money Market?
The Freedom Bank of Virginia Personal Money Market does not charge a monthly maintenance fee.
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| Monthly Service Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for The Freedom Bank of Virginia Personal Money Market?
Minimum deposit of $200. You must make an initial deposit of at least $200 to open this account.
What features and perks does The Freedom Bank of Virginia Personal Money Market offer?
This account includes the following features:
- Mobile Banking Services - The Freedom Bank of Virginia Personal Money Market allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - The Freedom Bank of Virginia Personal Money Market allows you to access your money from an ATM, a convenient feature only a few offer.
What is the customer service phone number?
The customer service number for this account is (703) 242-5300.
What is the support contact email?
The support contact email for this business credit card is info@freedom.bank.
How to open an account with The Freedom Bank of Virginia
- Visit the The Freedom Bank of Virginia website.
- Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
- Check the information is accurate and submit your application.
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Hours of Operation
Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed