Last Updated: 04/18/2025
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Highlights
APY (Annual Percentage Yield)
1.74% - 2.97%(Verified 07/03/2024)
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
Freedom Bank Freedom Savings Account Review
Freedom Bank Freedom Savings Account is offered by Freedom Bank, a bank founded in 2008 and based in Maywood, NJ. Freedom Bank Freedom Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- High yield savings. This account offers an annual percentage yield of up to 2.97%, which is much higher than the average interest rate for a savings account.
- No monthly maintenance fees. This account does not charge any monthly account fees.
- No minimum initial deposit. There is no minimum balance required to open an account online.
- No ATM fees. Freedom Bank Freedom Savings Account does not charge fees on ATM transactions .
Freedom Bank Freedom Savings Account Pros & Cons
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Freedom Bank Freedom Savings Account FAQ
Are savings accounts from Freedom Bank 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.
Does Freedom Bank offer a signup bonus?
Freedom Bank Freedom Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Freedom Bank Freedom Savings Account?
There is no minimum deposit to open a Freedom Bank Freedom Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Freedom Bank Freedom Savings Account offer?
Freedom Bank Freedom Savings Account offers a variable APY starting at 1.74% and ranging up to 2.97% (APY stands for annual percentage yield, rates may change). This is much higher than the national average rate for savings accounts.
What fees does Freedom Bank Freedom Savings Account charge?
Freedom Bank Freedom Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.
What features and perks does Freedom Bank Freedom Savings Account offer?
This savings account includes the following features:
- Free Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Freedom Bank Freedom Savings Account?
Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.
What is the customer support email for Freedom Bank Freedom Savings Account?
The customer support email for Freedom Bank Freedom Savings Account is info@freedombanknj.com.
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Hours of Operation
SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 5:00PMSaturdayClosed
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Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
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APY (Annual Percentage Yield)
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Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
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Rating not yet determined
APY (Annual Percentage Yield)
0.15%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
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