Last Updated: 04/18/2025
The Freedom Bank of Virginia Prestige Money Market
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Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
0.35% - 0.45%(Verified 07/15/2024)
Minimum Balance to Earn APY
N/A
Minimum Opening Deposit
Starting at $25,000
The Freedom Bank of Virginia Prestige Money Market Review
The Freedom Bank of Virginia Prestige 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 Prestige 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 0.45%, which is much higher than the national average for a money market account.
- $0 monthly account fees available. This account charges a monthly fee of up to $25, but the fee may be waived if you keep a minimum balance of$25,000.
- High minumum opening deposit. You must deposit a minimum of $25,000, which is high compared to most money market accounts.
Pros & Cons of The Freedom Bank of Virginia Prestige Money Market
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The Freedom Bank of Virginia Prestige 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 Prestige Money Market rates?
The Freedom Bank of Virginia Prestige Money Market offers an APY starting at 0.35% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
| APY (Annualized Percentage Yield) | 0.35% - 0.45% |
What are the fees for The Freedom Bank of Virginia Prestige Money Market?
This account charges a monthly maintenance fee of up to $25. You can avoid this fee by maintaining a balance of $25,000.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Monthly Service Fee | $0 - $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What is the minimum balance for The Freedom Bank of Virginia Prestige Money Market?
Minimum deposit of $25,000. You must make an initial deposit of at least $25,000 to open this account.
Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $25,000.
What features and perks does The Freedom Bank of Virginia Prestige Money Market offer?
This account includes the following features:
- Mobile Banking Services - The Freedom Bank of Virginia Prestige Money Market allows you to manage your money through online banking and a dedicated mobile app.
- Nationwide ATM network - The Freedom Bank of Virginia Prestige 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