Bank · FDIC insured
Freedom Bank Savings Rates
Freedom Bank’s best savings rate is 1.75% APY on $10,000, with its Freedom Savings Account. Rates checked October 22, 2026.
How Freedom Bank’s savings rates compare
Compared with banks and credit unions near New York, NY-NJ, where Freedom Bank has the most branches. $10,000, best rate first.
This bank’s best
Freedom Bank
1.75%APY
- Requires
- None
- Minimum
- $0
- Earns on $10,000 a year
- $175
Freedom Savings Account
Top rate
Woori America Bank
5.00%APY
- Requires
- Monthly account activity
- Minimum
- $1,000
- Earns on $10,000 a year
- $500
2nd-highest rate
HSBC USA
4.40%APY
- Requires
- Monthly account activity
- Minimum
- —
- Earns on $10,000 a year
- $440
Freedom Bank savings score
89
Savings score
Higher than 86% of U.S. banks and credit unions
- $1,000 balance$1,0001.75%
- $10,000 balance$10,0001.75%
- $100,000 balance$100,0002.00%
- QualifiedQualified1.75%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Freedom Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Freedom Savings Account
1.75%APY
Tiered variable rate account. Rates paid for the entire balance for the tier the balance is in. Interest is compounded daily and paid monthly. Rates may change at any time.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $100,000Tier 1 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. | 1.75% | $175 | Tier 1 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. |
| $100,000 – $250,000Tier 2 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. | 2.00% | — | Tier 2 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. |
| $250,000 – $500,000Tier 3 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. | 2.25% | — | Tier 3 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. |
| $500,000 and upTier 4 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. | 3.00% | — | Tier 4 rate. Interest compounded daily and paid monthly. Rate applies to entire balance in tier. |
Platinum Money Market Account (Personal)
0.15%APY
Variable rate account; interest is compounded daily and paid monthly. No minimum balance to open and no monthly service charges.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Up to $250,000 | 0.15% | $15 |
| $250,000 – $500,000 | 0.30% | — |
| $500,000 and up | 0.40% | — |
High Yield Savings
0.40%APY
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Variable rate. APY effective as of 10/07/2026. Maintain $0.01 daily balance to obtain disclosed APY. Interest compounded daily, paid monthly.Over $0 | 0.40% | $40 | Variable rate. APY effective as of 10/07/2026. Maintain $0.01 daily balance to obtain disclosed APY. Interest compounded daily, paid monthly. |
Choice Money Market Account (Personal)
0.25%APY
Variable rate account; interest is compounded daily and paid monthly. No minimum balance to open and no monthly service charges.
| Balance | APY | Earns on $10,000 a yearEarns |
|---|---|---|
| Over $0 | 0.25% | $25 |
Statement Savings
0.15%APY
Structured as a traditional savings account without a passbook. Variable rate product; interest is compounded daily and paid monthly. Rates may change at any time.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Interest is compounded daily and paid monthly. Variable rate account.Over $0 | 0.15% | $15 | Interest is compounded daily and paid monthly. Variable rate account. |
Special-purpose accounts
Minor Savings
0.15%APY
Designed for minors to learn savings habits. Variable rate product; interest is compounded daily and paid monthly. Rates may change at any time.
| BalanceRequirement | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Over $0Interest is compounded daily and paid monthly. Variable rate account.Over $0 | 0.15% | $15 | Interest is compounded daily and paid monthly. Variable rate account. |
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.