Freedom Bank (NJ)


Overview / Commentary
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 1,586th largest bank in the nation. It was established in 2008 and as of June of 2020, it had grown to 49 employees at 5 locations. Freedom Bank (NJ)'s money market rates are 82% higher than 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 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



Health

Health Grade Components

Overall
FDIC Certificate #58712
Year Established2008
Employees49
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.59%
Return on Equity - YTD5.83%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$508.6MM$475.8MM
LoansQ2 2020vs Q2 2019$445.3MM$394.6MM
DepositsQ2 2020vs Q2 2019$417.0MM$407.1MM
Equity CapitalQ2 2020vs Q2 2019$50.3MM$47.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.1MM$4.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$0$0
Real Estate OwnedQ2 2020vs Q2 2019$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
0.80%--High Yield Savings
0.15%--Statement Savings
0.15%--Minor Savings
0.15%--Business Savings

Freedom Bank (NJ) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.25% Up to $250k | 0.55% $250k - $500k
0.25%--Small Business MMA
0.25%--Choice Money Market Account
0.25%--Choice 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
0.75%$500-24-35 Month CD
0.75%$500-36-47 Month CD
0.75%$500-48-59 Month CD
0.75%$500-60 Month CD
0.75%$500$100k36-47 Month Bump-Up CD Promo - New Money
0.75%$500$100k60 Month Bump-Up CD Promo - New Money
0.65%$500-12-17 Month CD
0.65%$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
0.75%$500-24-35 Month IRA
0.75%$500-36-47 Month IRA
0.75%$500-48-59 Month IRA
0.75%$500-60 Month IRA
0.75%$500-36-47 Month Bump-Up IRA Promo - New Money
0.75%$500-60 Month Bump-Up IRA Promo - New Money
0.65%$500-12-17 Month IRA
0.65%$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

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