A middle aged man and woman hug outdoors after securing their future with a Freedom Bank CD, IRA, or HSA.
Freedom Bank is here to help you invest in your future. Prepare for your retirement by opening a Certificate of Deposit (CD) or an Individual Retirement Account (IRA). Be ready for medical emergencies by saving money in a Health Savings Account (HSA).
Certificates of Deposit (CDs) are available with a minimum deposit of $500.00 and terms from seven days to five years. Fixed and variable rate CDs are available.
CD rates are effective June 22, 2018.
| Account | Interest Rate | APY(1) |
|---|---|---|
Certificate of Deposit ** | - | - |
7-91 day | 0.50 | 0.50 |
92-180 day | 0.50 | 0.50 |
181-364 day | 0.60 | 0.60 |
1 year | 0.90 | 0.90 |
15 month (special) | 1.95 | 1.96 |
18 month | 1.03 | 1.03 |
2 year | 1.15 | 1.15 |
3 year | 1.73 | 1.74 |
4 year | 1.77 | 1.78 |
57 month (special) | 2.65 | 2.68 |
5 year | 2.15 | 2.17 |
(1) Annual Percentage Yield
**Fees or other conditions could reduce earnings on some accounts
**A penalty may or will be imposed for early withdrawal
An Individual Retirement Account (IRA) is available to anyone with earned income and not yet age 70 ½. Education IRAs and Roth IRAs are also available with the same investment requirements as the traditional IRAs. Fixed rate terms range from one to five years. A variable rate IRA Money Market account is also available. Bank and government penalties apply if withdrawing from the IRA prior to age 59 ½ and prior to the maturity date of the investment. The minimum deposit to open an IRA is $1.00.
Brochures are available in the lobby of each Freedom Bank location detailing the government rules and regulations.
Manage your healthcare costs and control your healthcare dollars with a tax-favored HSA account. Enjoy pre-tax savings for qualified out-of-pocket medical expenses and earn tax-free interest on the funds you don’t use. This account is available to eligible individuals in conjunction with a high-deductible health plan (HDHP).
