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Freedom Credit Union


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
freedom.coop
413-739-6961
1976 Main St
Springfield, MA 01103

Freedom Credit Union is headquartered in SPRINGFIELD and is the 19th largest credit union in the state of Massachusetts. It is also the 580th largest credit union in the nation. It was established in 1986 and as of March of 2025, it had grown to 99 employees and 31,633 members at 9 locations. Freedom Credit Union's money market rates are 7X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Freedom Credit Union is open to those who live, work, or attend school in the Massachusetts counties of Berkshire, Franklin, Hampden, or Hampshire, or the Connecticut counties of Hartford or Tolland. Eligibility also extends to family members of current credit union members.
See current membership details

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Health
B+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
NCUA #66824
Year Chartered1986
Employees99
Primary Regulator
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD4.13%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$739.7MM$738.7MM
LoansQ1 2025vs Q1 2024$536.4MM$557.5MM
DepositsQ1 2025vs Q1 2024$580.3MM$570.5MM
Equity CapitalQ1 2025vs Q1 2024$92.1MM$86.9MM
Loan Loss AllowanceQ1 2025vs Q1 2024$2.2MM$2.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$10.3MM$3.7MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/2/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Freedom Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$5-Vacation Club Accounts
0.05%$5-Share (Savings Account)
0.05%$5-Holiday Club
0.05%$0-Business Savings Account

Freedom Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.40%*$500k*-Premium Business Money Market
OTHER TIERS: 1.70% → $5k - $25k | 2.00% → $25k - $50k | 2.25% → $50k - $100k | 2.70% → $100k - $250k | 3.10% → $250k - $500k
3.15%*$500k*-Premium Money Market
OTHER TIERS: 1.45% → $5k - $25k | 1.75% → $25k - $50k | 2.00% → $50k - $100k | 2.45% → $100k - $250k | 2.85% → $250k - $500k
0.35%*$75k*-Money Market Account
OTHER TIERS: 0.20% → $5 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $75k
0.35%*$100k*-Business Money Market
OTHER TIERS: 0.20% → $5 - $10k | 0.25% → $10k - $50k | 0.30% → $50k - $100k

Freedom Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%*$75k*-Business Dividend Checking
OTHER TIERS: 0.20% → $5 - $25k | 0.25% → $25k - $50k | 0.30% → $50k - $75k
0.05%$0-Advantage Checking
0.05%$0-Essential Checking

Freedom Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-13 Month CD Special
3.50%$500-7 Month CD Special
2.75%$500-60 Month CD
2.50%$500-48 Month CD
2.25%$500-36 Month CD
2.13%$500-24 Month CD
2.00%$500-18 Month CD
1.75%$500-12 Month CD
1.50%$500-6 Month CD
1.00%$500-9 Month CD

Freedom Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$500-13 Month IRA Special
3.50%$500-7 Month IRA Special
2.75%$500-60 Month IRA
2.50%$500-48 Month IRA
2.25%$500-36 Month IRA
2.13%$500-24 Month IRA
2.00%$500-18 Month IRA
1.75%$500-12 Month IRA
1.50%$500-6 Month IRA
1.00%$500-9 Month IRA
0.15%$5-IRA Savings Account
Locations


Freedom Credit Union Locations
Branch Office296 COOLEY STSPRINGFIELD, MA 01128-1145
Branch Office645 CENTER STLUDLOW, MA 01056
Branch Office226 KING STNORTHAMPTON, MA 01060
Branch Office959 SPRINGFIELD STFEEDING HILLS, MA 01030
Branch Office1976 MAIN STSPRINGFIELD, MA 01103-1010
Branch Office1976 MEMORIAL DRCHICOPEE, MA 01020
Branch Office74 MAIN STGREENFIELD, MA 01301
Branch Office191 AVENUE ATURNERS FALLS, MA 01376
Branch Office58 Union StWest Springfield, MA 01089

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