A middle aged man and woman hug outdoors after securing their future with a Freedom Bank CD, IRA, or HSA.

CDs, IRAs and HSAs

Take charge of your future. We’ll help.

Certificates of Deposit

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.

Effective January 24, 2018

AccountInterest RateAPY(1)

Certificate of Deposit **

-

-

7-91 day

0.35

0.35

92-180 day

0.35

0.35

181-364 day

0.45

0.45

1 year

0.75

0.75

15 month (special)

1.62

1.63

18 month

0.88

0.88

2 year

1.00

1.00

3 year

1.58

1.59

4 year

1.62

1.63

57 month (special)

2.25

2.27

5 year

2.00

2.02

(1) Annual Percentage Yield

**Fees or other conditions could reduce earnings on some accounts

**A penalty may or will be imposed for early withdrawal

Individual Retirement Accounts

Individual Retirements Accounts (IRAs) are 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.

Health Savings Account (HSA)

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).

Have a question about CDs, IRAs or HSAs?

We’re happy to help.

Other easy ways to save at Freedom.