Freedom Bank (NJ)

Overview / Commentary
99 West Essex Street
Maywood, NJ 07607

Freedom Bank (NJ) is headquartered in MAYWOOD and is the 31st largest bank in the state of New Jersey. It is also the 1,339th largest bank in the nation. It was established in 2008 and as of December of 2023, it had grown to 54 employees at 5 locations. Freedom Bank (NJ)'s savings rates are 6X the national average, and it has an A health rating.

Reviews (1)

Very Impressed As A New Customer

Posted by: |

Freedom Bank ( NJ ) was recommended to me through a friend. I went to
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


Health Grade Components

FDIC Certificate #58712
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.77%
Return on Equity - YTD7.27%
Annual Interest Income$36.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$707.3MM$651.7MM
LoansQ4 2023vs Q4 2022$632.8MM$585.8MM
DepositsQ4 2023vs Q4 2022$555MM$538.4MM
Equity CapitalQ4 2023vs Q4 2022$74.2MM$68.9MM
Loan Loss AllowanceQ4 2023vs Q4 2022$4.2MM$5.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$2MM$925K
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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

3.00%*$500k*-Freedom Savings Account
OTHER TIERS: 1.75% Up to $100k | 2.00% $100k - $250k | 2.25% $250k - $500k
0.40%--High Yield Savings
0.15%--Statement Savings
0.15%--Minor Savings
0.15%--Business Savings

Freedom Bank (NJ) Money Market Rates

0.40%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.15% Up to $250k | 0.30% $250k - $500k
0.25%--Small Business MMA
0.25%--Choice Money Market Account
0.25%--Choice Business MMA

Freedom Bank (NJ) Checking Account Rates

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

5.00%--5 Month CD Special-New Money
4.75%--10 Month CD Special-New Money
4.50%--15 Month CD Special-New Money
1.80%$500-23 Month Bump-Up CD
0.65%$500-36-47 Month CD
0.65%$500-48-59 Month CD
0.65%$500-60 Month CD
0.65%$500$100k36-47 Month Bump-Up CD
0.65%$500$100k60 Month Bump-Up CD
0.40%$500-24-35 Month CD
0.30%$500-12-17 Month CD
0.30%$500-18-23 Month CD
0.15%$500-3-5 Month CD
0.15%$500-6-11 Month CD

Freedom Bank (NJ) IRA Rates

5.00%--5 Month IRA Special-New Money
4.75%$500-6-11 Month IRA
4.75%--10 Month IRA Special-New Money
4.50%--15 Month IRA Special-New Money
1.80%$500-36-47 Month IRA
0.65%$500-48-59 Month IRA
0.65%$500-60 Month IRA
0.30%$500-18-23 Month IRA
0.30%$500-24-35 Month IRA
0.15%$500-3-5 Month IRA
0.15%$500-12-17 Month IRA

Freedom Bank (NJ) Locations
Freedom Bank99 W Essex StMaywood, 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

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