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 30th largest bank in the state of New Jersey. It is also the 1,295th largest bank in the nation. It was established in 2008 and as of September of 2024, it had grown to 53 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

Health Grade Components

Overall
FDIC Certificate #58712
Year Established2008
Employees53
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD4.61%
Annual Interest Income$32.6MM
Assets and Liabilities
AssetsQ3 2024vs Q3 2023$762.3MM$683.2MM
LoansQ3 2024vs Q3 2023$665.9MM$612.7MM
DepositsQ3 2024vs Q3 2023$638.8MM$542.3MM
Equity CapitalQ3 2024vs Q3 2023$75.3MM$73.4MM
Loan Loss AllowanceQ3 2024vs Q3 2023$4.2MM$4MM
Unbacked Noncurrent LoansQ3 2024vs Q3 2023$2.1MM$2MM
Real Estate OwnedQ3 2024vs Q3 2023$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
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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%$0-Now Account
0.25%$0-Senior Checking
0.25%$0-Business Now Checking

Freedom Bank (NJ) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$500-5 Month CD Special-New Money
4.25%$500-10 Month CD Special-New Money
3.85%$500-15 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.35%$500-5 Month IRA Special-New Money
4.25%$500-10 Month IRA Special-New Money
3.85%$500-15 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
Locations


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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