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  2. Freedom Bank (NJ)

Freedom Bank (NJ)


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

Freedom Bank (NJ) is headquartered in Maywood and is the 46th largest bank in the state of New Jersey. It is also the 1,551st largest bank in the nation. It was established in 2008 and as of March of 2019, it had grown to 49 employees at 4 locations. Freedom Bank (NJ)'s money market rates are 4X the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q1 2019

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #58712
Year Established2008
Employees49
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD7.16%
Annual Interest Income$5.4MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$460.4MM$386.3MM
LoansQ1 2019vs Q1 2018$381.8MM$345.7MM
DepositsQ1 2019vs Q1 2018$390.5MM$331.2MM
Equity CapitalQ1 2019vs Q1 2018$46.8MM$35.4MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.6MM$4.2MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$0$141.00K
Real Estate OwnedQ1 2019vs Q1 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%*-$50kKasasa Savings
OTHER TIERS: 0.60% → $50k+
0.15%--Statement Savings
0.15%--Minor Savings
0.15%--Business Savings

Freedom Bank (NJ) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.95%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.75% → Up to $250k | 1.60% → $250k - $500k
0.75%--Choice Money Market Account
0.75%--Choice Business MMA
0.25%--Small Business MMA

Freedom Bank (NJ) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$25kKasasa Cash
OTHER TIERS: 0.49% → $25k+
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
2.39%$500-12-17 Month CD
2.35%$500-18-23 Month CD
2.29%$500-24-35 Month CD
2.25%$500-6-11 Month CD
2.15%$500-36-47 Month CD
2.15%$500-48-59 Month CD
2.15%$500-60 Month CD
2.15%$500$100k36-47 Month Bump-Up CD (new money only)
2.15%$500$100k60 Month Bump-Up CD (new money only)
0.75%$500-3-5 Month CD

Freedom Bank (NJ) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.39%$500-12-17 Month IRA
2.35%$500-18-23 Month IRA
2.29%$500-24-35 Month IRA
2.25%$500-6-11 Month IRA
2.15%$500-36-47 Month IRA
2.15%$500-48-59 Month IRA
2.15%$500-60 Month IRA
2.15%$500-36-47 Month Bump-Up IRA (new money only)
2.15%$500-60 Month Bump-Up IRA (new money only)
0.75%$500-3-5 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

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