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Freedom Bank (NJ)


Overview / Commentary
www.fbnj.com
201-599-3000
99 West Essex Street
Maywood, NJ 07607

Freedom Bank (NJ) is headquartered in Maywood and is the 42nd largest bank in the state of New Jersey. It is also the 1,529th largest bank in the nation. It was established in 2008 and as of December of 2019, it had grown to 54 employees at 4 locations. Freedom Bank (NJ)'s money market rates are 2X the national average, and it boasts an A+ health rating.

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Reviews (1)

Very Impressed As A New Customer

Posted by: |

Freedom Bank ( NJ ) was recommended to me through a friend. I went to www.depositaccounts.com
to do my homework on this particular bank. I was impressed with the Health Rating as well as the Texas Ratio both were A+ so I decided to open an account near me in a local branch. I called ahead and spoke with Kathleen and had a very pleasant conversation. She was very helpful over the phone and we met shortly after at the local branch. Upon entering I met Mary also very professional and pleasant to speak to and work with. This particular branch looked like new and was spotless! Everything was handled professionally and promptly ! So far So good. I look forward to a long relationship with this bank. Great rates / Professional people / Good Bank Health rating
are the ingredients for long time customer!
Cheers from New Jerseys premier Jazz Pianist / Entertainer : SD

1


Health
A+

Data as of Q4 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58712
Year Established2008
Employees54
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD7.54%
Annual Interest Income$22.6MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$468.6MM$424.4MM
LoansQ4 2019vs Q4 2018$403.6MM$379.0MM
DepositsQ4 2019vs Q4 2018$390.0MM$333.9MM
Equity CapitalQ4 2019vs Q4 2018$49.1MM$46.2MM
Loan Loss AllowanceQ4 2019vs Q4 2018$4.9MM$4.6MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$0$18.00K
Real Estate OwnedQ4 2019vs Q4 2018$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Freedom Bank (NJ); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Freedom Bank (NJ) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--High Yield Savings
0.15%--Statement Savings
0.15%--Minor Savings
0.15%--Business Savings

Freedom Bank (NJ) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.35% → Up to $250k | 0.75% → $250k - $500k
0.35%--Choice Money Market Account
0.35%--Choice Business MMA
0.25%--Small Business MMA

Freedom Bank (NJ) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$75k*-Business Interest Checking
OTHER TIERS: 0.10% → $5k - $10k | 0.25% → $10k - $25k | 0.35% → $25k - $75k
0.25%--Now Account
0.25%--Senior Checking
0.25%--Business Now Checking

Freedom Bank (NJ) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-24-35 Month CD
0.85%$500-36-47 Month CD
0.85%$500-48-59 Month CD
0.85%$500-60 Month CD
0.85%$500$100k36-47 Month Bump-Up CD Promo - New Money
0.85%$500$100k60 Month Bump-Up CD Promo - New Money
0.75%$500-12-17 Month CD
0.75%$500-18-23 Month CD
0.25%$500-3-5 Month CD
0.25%$500-6-11 Month CD

Freedom Bank (NJ) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$500-24-35 Month IRA
0.85%$500-36-47 Month IRA
0.85%$500-48-59 Month IRA
0.85%$500-60 Month IRA
0.85%$500-36-47 Month Bump-Up IRA Promo - New Money
0.85%$500-60 Month Bump-Up IRA Promo - New Money
0.75%$500-12-17 Month IRA
0.75%$500-18-23 Month IRA
0.25%$500-3-5 Month IRA
0.25%$500-6-11 Month IRA
Locations


Freedom Bank (NJ) Locations
Freedom Bank99 West Essex StreetMaywood, NJ 07607
Guttenberg Branch6812 Park AvenueGuttenberg, NJ 07093
Ridgewood Branch375 Route 17 SouthRidgewood, NJ 07450
Mahwah Branch380 Route 17 SouthMahwah, NJ 07430
Rutherford Commons150 Route 17 NorthEast Rutherford, NJ 07073

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.