Last Updated: 04/18/2025
No Reviews Yet
This product has no reviews yet. Help others by sharing your thoughts.
Be the first to rateCompare All Savings Accounts
Filter & compare all your options in one place.
Highlights
APY (Annual Percentage Yield)
0.15%(Verified 07/03/2024)
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
Freedom Bank Statement Savings Account Review
Freedom Bank Statement Savings Account is offered by Freedom Bank, a bank founded in 2008 and based in Maywood, NJ. Freedom Bank Statement Savings Account are available in 50 states, 5 US territories, and Washington, DC.
Key Takeaways
- Low interest rate. The maximum annual percentage yield for this account is only 0.15%.
- 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 Statement Savings Account does not charge fees on ATM transactions .
Freedom Bank Statement Savings Account Pros & Cons
| Pros | Cons |
|
|
Freedom Bank Statement 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 Statement Savings Account doesn't offer a signup bonus.
What is the minimum initial deposit for Freedom Bank Statement Savings Account?
There is no minimum deposit to open a Freedom Bank Statement Savings Account.| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Balance to Earn APY | $0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Opening Deposit | Starting at $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What APY does Freedom Bank Statement Savings Account offer?
Freedom Bank Statement Savings Account offers an APY of 0.15% (APY stands for annual percentage yield, rates may change).
The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually. What fees does Freedom Bank Statement Savings Account charge?
Freedom Bank Statement 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 Statement 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.
- Mobile Banking Services - Freedom Bank Statement Savings Account allows you to manage your money online or with a mobile app.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
Can you set up a direct deposit to Freedom Bank Statement 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 Statement Savings Account?
The customer support email for Freedom Bank Statement Savings Account is info@freedombanknj.com.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
SundayClosedMonday8:30AM - 5:00PMTuesday8:30AM - 5:00PMWednesday8:30AM - 5:00PMThursday8:30AM - 5:00PMFriday8:30AM - 5:00PMSaturdayClosed
Other Services by Freedom Bank
Other Savings Accounts from Freedom Bank
Rating not yet determined
APY (Annual Percentage Yield)
1.74% - 2.97%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
Rating not yet determined
APY (Annual Percentage Yield)
0.40%
Disclaimer popup with additional information
Minimum Opening Deposit
Starting at $0
Minimum Balance to Earn APY
$0.01
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
SuperMoney Net Recommendation Score
This product has no reviews yet. Help others by sharing your thoughts.
0
-1000+100
No one recommends
Everyone recommends
Freedom Bank Statement Savings Account Community Reviews
Would you recommend Freedom Bank Statement Savings Account to your friends?
There are currently no reviews.
You might also like
Best Savings Accounts
SuperMoney
Checking and Savings Accounts: How To Make Them Work Together
Audrey Henderson
Savings vs. Money Market? Which Account Fits You Best?
Jessica Walrack
Opening a Joint Account: The Definitive Guide
Jessica Walrack
10 Things You Didn't Know About Using Debit Cards
Audrey Henderson