Freedom Bank (NJ)

Overview / Commentary
99 West Essex Street
Maywood, NJ 07607

Freedom Bank (NJ) is headquartered in MAYWOOD and is the 30th largest bank in the state of New Jersey. It is also the 1,294th largest bank in the nation. It was established in 2008 and as of March of 2024, 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.


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Health Grade Components

FDIC Certificate #58712
Year Established2008
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.35%
Return on Equity - YTD3.47%
Annual Interest Income$10.1MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$744MM$674.4MM
LoansQ1 2024vs Q1 2023$638.4MM$592.3MM
DepositsQ1 2024vs Q1 2023$592.6MM$538.3MM
Equity CapitalQ1 2024vs Q1 2023$73.5MM$71.3MM
Loan Loss AllowanceQ1 2024vs Q1 2023$4.2MM$4MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$2MM$906K
Real Estate OwnedQ1 2024vs Q1 2023$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% $0 - $100k | 2.00% $100k - $250k | 2.25% $250k - $500k
0.40%$0-High Yield Savings
0.15%$0-Statement Savings
0.15%$0-Minor Savings
0.15%$0-Business Savings

Freedom Bank (NJ) Money Market Rates

0.40%*$500k*-Platinum Money Market Account
OTHER TIERS: 0.15% $0 - $250k | 0.30% $250k - $500k
0.25%$0-Small Business MMA
0.25%$0-Choice Money Market Account
0.25%$0-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%$0-Now Account
0.25%$0-Senior Checking
0.25%$0-Business Now Checking

Freedom Bank (NJ) CD Rates

5.00%$500-10 Month CD Special-New Money
4.85%$500-15 Month CD Special-New Money
4.65%$500-20 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%$500-10 Month IRA Special-New Money
4.85%$500-15 Month IRA Special-New Money
4.65%$500-20 Month IRA Special-New Money
0.65%$500-36-47 Month IRA
0.65%$500-48-59 Month IRA
0.65%$500-60 Month IRA
0.40%$500-24-35 Month IRA
0.30%$500-12-17 Month IRA
0.30%$500-18-23 Month IRA
0.15%$500-3-5 Month IRA
0.15%$500-6-11 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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