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Savings Accounts

Your parents told you, and their parents told them, how important it is to save for a rainy day — and it is as true today as it was then.

It is important to save for the proverbial rainy day and for the things you want for yourself and your family. So open a savings account at Freedom Bank and, while you’re at it, start a savings plan for your children, too!

Kasasa Savings

Earn high interest while building savings automatically. Kasasa Saver is a simple way to save. It links your free Kasasa Cash or Kasasa Cash Back checking to build your savings effortlessly every month. When you earn cash rewards in your Kasasa Cash or Cash Back Checking account, those earnings transfer directly into your Kasasa Saver.

  • Must be linked to your Kasasa Cash or Cash Back account
  • 1.00% APY* on balances up to $50,000
  • 1.00% to 0.60% APY on balances over $50,000 depending on balance in account*
  • 0.01% APY* if qualifications are not met on Kasasa Cash or Kasasa Cash BackNo minimum balance requirements
  • No monthly maintenance fees
  • Your interest rate and annual percentage yield may change. At our discretion, we may change the interest rate on your account at any time
  • Account subject to Regulation D limitations1
  • Fees can reduce earnings

 

Must have a Kasasa Cash or Kasasa Cash Back checking account to open a Kasasa Saver account. Qualifying for your Kasasa Cash or Kasasa Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate, too. To earn your rewards, just do the following transactions and activities in your Kasasa Cash or Kasasa Cash Back account during each Monthly Qualification Cycle:

  • Have at least 12 debit card purchases post and settle
  • Be enrolled in and agree to receive eStatements
  • Be enrolled in and log into online banking

 

And if you don’t meet these qualifications, don’t worry — your accounts are still free.

Plus, you’ll still earn our base rate on Kasasa Saver. And you can get right back to earning your full rewards the very next cycle that you qualify.

1 Excessive Withdrawal Fees: $10 per transaction.

*APY = Annual Percentage Yield. There is no minimum balance required to open a Kasasa Saver Savings Account. Interest is not compounded; interest will be credited to your account on the last day of the current statement cycle. All Savings Accounts are considered variable rate products. Your interest rate and annual percentage yield may change after account opening. At our discretion, we may change the interest rate on your account. We may change the interest rate on your account at any time. Transfers by way of check, draft, debit card, or similar order made payable to a third party is limited to six (6) transfers per month or statement cycle (of up to four weeks). Fees can reduce earning.

Statement Savings Account

Your Freedom Statement Savings Account is a convenient way to save and earn interest without the need to keep track of a passbook.

  • Easy-to-read monthly statement
  • No minimum balance requirements
  • No monthly maintenance fees
  • Gain access to your funds at any Freedom Bank ATM or Allpoint Surcharge Free ATM location free of charge
  • Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time
  • Account subject to Regulation D limitations*
  • Fees can reduce earnings

Minor Savings Account

It is never too early to teach a child to act and save responsibly. Why not give your child hands-on experience and open a Freedom Savings account? A perfect opportunity to teach your children while rewarding them for their accomplishment!

  • No minimum balance requirements
  • No monthly maintenance fees
  • Easy-to-read monthly statements
  • Your interest rate and annual percentage yield may change. At our discretion we may change the interest rate on your account at any time
  • Account subject to Regulation D limitations*
  • Fees can reduce earnings

*Excessive Withdrawal Fees: $10 per transaction.

There is no minimum balance required to open a Statement Savings or Minor Savings Account.  You must maintain a minimum balance of $0.01 in the account each day in order to receive the annual percentage yield. Interest is compounded daily and paid monthly. All Savings Accounts are considered variable rate products. Your interest rate and annual percentage yield may change after account opening. At our discretion we may change the interest rate on your account. We may change the interest rate on your account at any time.  Transfers by way of check, draft, debit card, or similar order made payable to a third party is limited to six (6) transfers per month or statement cycle (of up to four weeks). Fees can reduce earning.