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 December 30, 2022.
| Account | Interest Rate | APY(1) |
|---|---|---|
Certificate of Deposit ** | - | - |
7-91 day | 1.40 | 1.41 |
92-180 day | 1.40 | 1.41 |
181-364 day | 1.55 | 1.56 |
1 year | 2.50 | 2.52 |
15 Months (Special) | 3.50 | 3.55 |
2 year | 2.50 | 2.52 |
3 year | 2.50 | 2.52 |
4 year | 2.60 | 2.63 |
5 year | 2.70 | 2.73 |
(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. 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).
