Freedom Credit Union Adds 18-Month Promo CD, 3.50% APY


Deal Summary: 18-month Promo CD, 3.50% APY, $500 min/$250k max deposit, new money.

Availability: Easy Membership Requirement for residents of DE, MD, NJ, PA, VA, WV, and DC; residents of five SE Pennsylvania counties; more than 250 SEGs.

This morning, Pennsylvania-based Freedom Credit Union (Freedom CU) unveiled a new 18-month Promo CD, earning 3.50% APY. This limited-time offering requires a minimum opening deposit of $500 of new money and is capped at $250k. The 18-month Youth Promo CD (members 25 years and younger) earns the same 3.50% APY, but can be opened with a $250 minimum deposit (new money still applies).

The 18-month Promo CD is also offered as an IRA (Traditional, Roth, CESA), earning the same APY with the same funding requirements.

As stated in the Truth-in-Savings disclosure, the Early Withdrawal Penalty reads as follows:

Terms of 12 to 36 months – 180 days of dividends

Thanks to DA reader, Yaaaayhoo, for the heads-up about the 18-month Promo CD.

Add-On Feature Only Applies to Regular CDs

While Freedom CU permits additional deposits throughout the term on its regular CDs, there is no add-on feature for promo CDs. Freedom CU currently offers some long-term CDs with competitive rate, which qualify for,

Additional deposits allowed any time after opening or renewal, and prior to closing

If you’re going to open an 18-month Promo CD, you may also want to considering opening a 60-month CD (3.25% APY, $500 minimum deposit), as a safeguard against possible falling rates in the next few years. If rates have dropped when the 18-month Promo CD matures, being able to deposit those funds into the 60-month CD could be quite beneficial.

0.90%$500-Freedom Credit Union (PA)60 Month CD
0.80%$500-Freedom Credit Union (PA)48 Month CD
0.75%$500-Freedom Credit Union (PA)36 Month CD
0.60%$500-Freedom Credit Union (PA)24 Month CD
Rates as of January 25, 2021.


Headquartered in Warminster, Pennsylvania, Freedom Credit Union’s field of membership (FOM) has changed in the past year. At the beginning of 2018, the Credit Union offered a nationwide easy membership requirement (EMR) through the American Consumer Council (ACC). In August, the availability of EMR was narrowed, with only residents of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia, and the District of Columbia now qualifying.

Even though the ACC is no longer listed as an SEG on the Credit Union’s website, membership in Freedom CU is still open to all residents of the above-mentioned states through ACC membership.

To join using ACC membership, you must either email ([email protected]) or fax (215.612.5939) your ACC eligibility certificate. According to the CSR, the online application details the process.

Local Residency: Freedom CU also offers membership to individuals who live, work, worship, attend school, or volunteer in the southeast Pennsylvania counties of Bucks, Chester, Delaware, Montgomery, or Philadelphia.

Select Employee Groups: Community College of Philadelphia employees and students also qualify for membership, as do the employees/members of more than 250 SEGs.

Joining Freedom CU can be done online, or at any of four full-service Pennsylvania branches, located in Abington, Lansdale, Philadelphia, and Warminster.

Opening a CD

CDs cannot be opened online. After your application has been submitted and approved, you can open and fund the CD through an ACH transfer by calling 215.612.5912, the phone number provided on the 18-month CD landing page.

NOTE: I called that number three times. Each time I heard an outgoing message stating the mailbox was full and could not accept any new messages, and I should try my call later. I was able to speak to a CSR at the Call Center (215.612.5900) after a short hold time.

CDs can be funded through ACH or by using a CO-OP Shared Branch. Maturing funds are normally distributed by cashier’s check, but can also be transferred to a Freedom CU savings account and then withdrawn by ACH.

Credit Union Overview

Freedom Credit Union has an overall health grade of "A" at, with a Texas Ratio of 3.29% (excellent) based on September 30, 2018 data. In the past year, Freedom CU has increased its total non-brokered deposits by $86.94 million, an excellent annual growth rate of 12.75%. Please refer to our financial overview of Freedom Credit Union (NCUA Charter # 60275) for more details.

Originally chartered in 1934, Freedom Credit Union is currently Pennsylvania’s eleventh largest credit union, with more than 67,400 members and assets in excess of $870 million. Between 2011 and 2014, Freedom CU merged with two Philadelphia area church-based credit unions, and also assumed Philadelphia-based Mayfair Credit Union’s members and deposits following an NCUA liquidation.

How the Promo CD Compares

When compared to the similar length-of-term CDs tracked by that require a similar minimum deposit and are available within the FOM, Freedom Credit Union’s 19-month Promo CD APY currently ranks first.

The above rates are accurate as of 2/15/2019.

Looking for the best CD rates, either nationwide and state specific? Please refer to our CD Rates Table page.

Related Pages: Philadelphia CD rates, 1-year CD rates

  |     |   Comment #1
Just got the email this morning. Perfect timing had a Transportation 2.50 that just matured two days ago
Three Day Wknd Tirade
  |     |   Comment #2
Hey, I have a Transportation 2.50 from 3yrs ago coming due tomorrow... which means no access to funds until Tuesday because of holiday weekend! I soothing my anger with the hopeful but unlikely belief that an even better rate will magically materialize because of the delay!
Joe S
  |     |   Comment #7
How did you find Transportation to deal with?
  |     |   Comment #13
Funny you should ask I had a rude CSR who was snippy with me.
Joe S
  |     |   Comment #27
I had a terrible CSR. Why does Management keep people like this employed?
  |     |   Comment #28
Yesterday in the mail I got one of those survey cards on my phone call experience.
Problem is I spoke to two and I don't remember the first one's name who was snippy with me. She had an attitude because I did not remember my call in password and I told her about not calling for three years since I had the CD but was able to sign in online with no problem. The second one was much nicer and she actually gave me a hint to help me remember it. So I did not want to get her in any trouble.
Joe S
  |     |   Comment #29
One of the CSRs I spoke to at Transportation FCU was the worst CSR, bar none, that I have ever spoken to. She was aggressively rude. I blame Management for keeping people like this on the payroll. I think we need to complain about things like this. Even if we cannot remember the name of the CSR, just telling the credit union that we dealt with a bad CSR might help to root this type of person out. Thanks.
  |     |   Comment #3
  |     |   Comment #4
WOW...these one-hit wonder deals just keep on coming.
So this.., or the 15 month NASA CD @ 3.20%?

I'm thinking an extra 10 basis points per month might just be worth it...
Cash Flow
  |     |   Comment #5
no's 30 extra basis points for 15 months. So what if it lasts 3 extra months at a very competitive rate. What is to think about? I wish I qualified.
Tiee Pin
  |     |   Comment #6
Because it takes an extra three months! Obviously!
  |     |   Comment #30
And just to make things interesting, Andrews has a 3.25% 6 month coming for one week on 2/25.

This deal would have been better than my NASA 15 month but there are conflicting reports on if people outside their states can join.
#21 did it, #25 says no.
  |     |   Comment #31
there is no conflict ! LAST YR ACC WORKED this yr No
  |     |   Comment #32
But when Keesler started their 5% CD there was no backdoor method mentioned. Someone found out otherwise and a lot of us got in.
When I opened my Keesler account, several reps told me I HAD to let it sit in the share account earning little or nothing waiting on the check to clear. Had I accepted that version, It would have reduced my earnings and delayed when I could open the CD.

My point is, DO NOT take something a single rep from a CU says as gospel.
  |     |   Comment #8
Took several call attempts to get through. Easy transaction to obtain the promo CD if already a member.
  |     |   Comment #9
Is there any way someone in a Western state can qualify?
  |     |   Comment #10
I used my ACC membership to join when they had their 30 month special so you can call and ask if they still take it.
  |     |   Comment #11
Will they do a hard credit pull in order to join?
  |     |   Comment #21
Yes, I live in California, & opened first acct with Freedom CU last year using the ACC (American Consumer Council) acct. as reference. Just open this 18 mo 3.5% today. Of course it was easy & fast this second time.
  |     |   Comment #25
That's odd. I live in California and called on Friday, asking if there was any way I could qualify for membership. CSR said, "If you live in Californian no way, no how. Good bye."
  |     |   Comment #40
I don't know what is going on with this CU, but the routes they accept for membership may have changed after #21 opened their account last year. CU membership attained under no-longer-available routes (such as out-of-area residence with just an ACC membership) continues as long as you keep your base-share savings account open.
  |     |   Comment #42
YES that is the case.march 01 2017
  |     |   Comment #12
I decided to give this CD a shot. Wasn't a member so I filled out an online application and called the credit union. They said to email mg ACC certificate. I waited a few hours and called back. CS rep told me my account is opened but I can't buy the CD till Tuesday because my account is "disbursed" or not finalized yet. Never heard of that. Hopefully this CD will still be available on Tuesday.
  |     |   Comment #18
Francis #12
Using the ACC, You were in the eligible states correct?
  |     |   Comment #20
To Comment #18 - Yes I live in Pennsylvania.
Get Real
  |     |   Comment #14
Bank has 87 million in assets. If you want this one better hurry
  |     |   Comment #44
For reasons I don't understand, my reply to Get Real's comment has been removed. Once again, according to Deposit Accounts, Freedom Credit Union had 870.1 million dollars in assets, as of the third quarter of 2018. According to Get Real, Freedom currently has 87 million in assets.

I hope this reply does not violate the comment policy. If it does, perhaps some explanation could be given.
  |     |   Comment #17
I'm getting exasperated, with no investable funds until my Keesler 7 month CD matures March 21st, - by which time (long term) rates may be completely in the doldrums again, and these exceptional special offers largely extinct.
  |     |   Comment #19
Grab the Navy FCU add-on CD, if you can: 3.25% on up to $50k for 17 months.
Red Flag Notice
  |     |   Comment #26
Keesler 1
ratechasers 0
  |     |   Comment #33
greg, a month ago I bought an 8 month at 2.86% and a week ago a 15 month at 3.20%. Now there is a 6 month at 3.25%. While the 15 month may prove to be good over most of the term, the 8 month was a bad deal.

At that time, I was only earning 2.25% on my checking, that has since increased to 2.50%.

Don't count out Keesler for coming up with a competitive deal. It's not going to be 5% but it could be good.

Many or even most CUs ask for "new money" for new special deals so it's a good idea to have some money set aside. NASA used to ask for $5k but now its $10k.

I am probably going all in but $20k for the 3.25% on 2/25. Because shortly after Keesler matures, I have a large Andrews maturing too. All we can do is make the best deal we can at the time our money is available.
I am setting aside $10k x 2 in case both Keesler and Andrews require new money for deals at that time.

Something else will come down the pike if one or both of them fail to offer anything competitive. I am trying to stick with places I already have accounts so as to avoid even more inquiries on my chexsystem. Several posters were rejected for membership on a CD deal for too many chexsystem inquiries. (And I was going to apply there too)

I am going to request a copy of my chexsystems here soon just to see what they are looking at.
  |     |   Comment #38
Yes, I live in California, & opened first acct with Freedom CU last year using the ACC (American Consumer Council) acct. as reference. Just open this 18 mo 3.5% today. Of course it was easy & fast this second time.

That's odd. I live in California and called on Friday, asking if there was any way I could qualify for membership. CSR said, "If you live in Californian no way, no how. Good bye."

I decided to give this CD a shot. Wasn't a member so I filled out an online application and called the credit union. They said to email mg ACC certificate.

Using the ACC, You were in the eligible states correct?

To Comment #18 - Yes I live in Pennsylvania.

(1) where is the conflict? one person already a member a year ago got in with ACC in California no trouble gets CD..
(2) one guy in california doesnt cant join because not in valid state
(3) one guy in valid state with ACC gets CD
  |     |   Comment #41
I should clarify. The 2.86% 8 month was one of if not the best nationally available rate at the time. And it's still a very good deal. So it's only bad when comparing to the upcoming 6 month at 3.25%.

(PS, for the folks who are unable to type a "J", Navy Federal is not nationally available and a month ago they did not have the 6 month 3% either)
  |     |   Comment #43
Navy Federal is open to anyone who has served this country, and their beloved families.
  |     |   Comment #22
I'm thinking about applying to this cu, although the few yelp reviews have given me some concerns about the cu security, but my question is, how to send a copy of my ACC certificate by email?
The ACC certificate I got by email several years ago is a png image. do you send the png image as an attachment to the email to freedom? or do you have to convert the png to pdf & attach the pdf to the email? or do you use a scanner (which i don't have, but do have smart phone which I have used to take/send pics in the past).
is the freedom cu email address listed in the online application? thanks.
  |     |   Comment #23
Take a picture of it with your phone, then upload THAT to your computer/laptop.
You can attach any image format to an email: png, bitmap, jpg, jpeg, etc.
And there's no need to convert the image to PDF format ; so long as the image is legible.
  |     |   Comment #24
No need to take a picture, it's already an image. Just download the PNG from the original email, and attach it to a new email to Freedom.
  |     |   Comment #46
I am trying to join this cu. I filled out their application online on Saturday and am waiting to here from them as to what I need to do next. I hope I can get in and open this cd and I'll follow Ken's suggestion and also open the add on cd just in case. Hope this cd lasts
Michael Greiner
  |     |   Comment #47
Signed up in branch yesterday. Whole thing took ~20 minutes as a new member.

Did get a Hard Pull notification on Experian from Capital One's credit monitoring...
  |     |   Comment #48
I got my membership and spoke to them on Friday and they are opening the 18 month cd as well as 5 year cd with minimum balance. I had trouble getting online with them . When I went to sign up, it would not accept any user name that I tried to use. I will have to all them on Monday
  |     |   Comment #49
To anyone who joined this cu online for this promo:
Per phone call to freedom, I was told if you apply online, you have to wait for the welcome kit in the mail to get your member# (it would be in the welcome kit). If that's the case, then I wouldn't be able to fund the share/savings account nor open & fund the cd until after welcome kit comes in the mail.
Was this what happened to you? If not, how did you join & open cd?
From deposit accts article I expected to have to call to open/fund the cd, but I guess I didn't realize it would take a mailing before finalizing membership. Thanks.
  |     |   Comment #50
you don't need the member number to open the cd. Call up and give them your social security number. They will then pull up your account but not give you your member number but they will open the cd at your request with your social and it can be funded with an electronic check which they will initiate if you give them the routing number and account number
  |     |   Comment #51
You can get your member number once they give you online access.
Which is what you'll need if you decide to use a shared branch for your initial deposit.
  |     |   Comment #52
Yes, but it's easier to just let them do an electronic check. You don't have to bother going to the shared branch. Much faster
  |     |   Comment #53
As long as you're not sacrificing any interest, sure...but I would be unless I used the shared branch.
  |     |   Comment #54
I gave them the info for the account to write the check on, and it happened right away,.
Freedom End
  |     |   Comment #55
Looks like the 18 month Promo CD has now ended.
  |     |   Comment #56
yes, it appears to be gone. All of the highest rate cds have been disappearing. Nasa decreased it's 49 month cd to 2.95 percent
  |     |   Comment #57
Yup; .got in at the last minute on Saturday morning.
Talk about cutting it close....!
  |     |   Comment #60
I followed ken's advice about opening the add on cd for INsurance against falling rates. It was a good suggestion. I will be adding to the minimum amount I initially put in the cd
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Deal Summary: 24-month CD, 3.05% APY, $500 minimum deposit, additional deposits allowed.

Availability: Easy Membership Requirement for residents of DE, MD, NJ, PA, VA, WV, and DC; residents of five SE Pennsylvania counties; more than 250 SEGs.

Pennsylvania-based Freedom Credit Union (Freedom CU) is currently offering a competitive 3.05% APY on its 24-month CD. The minimum opening deposit is $500, with no stated balance cap. There is also a 24-month Youth CD (members 25 years and younger) earning the same 3.05% APY, but only requiring a...

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Freedom Credit Union Adds 30-Month CD

UPDATE 8/16/2018: This 30-month CD special (3.56% APY) has ended and is no longer available.

UPDATE 8/14/2018: Easy membership requirement through ACC is limited to residents of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia, or Washington DC .

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Availability: Easy Membership Requirement through ACC; residents of five SE Pennsylvania counties; more than 290 SEGs.

This is the way to start out the week: a 30-month CD earning 3.56% APY. This limited-time CD offered by Pennsylvania-based...

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5.15% 60-Month / 5.00% 36-Month CD at a Pennsylvania CU (Freedom).
Freedom Credit Union has some competitive long term certificate rates. These include a 5.15% APY 60-month CD, 5.05% APY 48-month CD and a 5.00% APY 36-month CD. The minimum deposit is $500. These rates are also available in an IRA.

These are not the best long term CD rates, but they're competitive especially considering the minimum deposit. The best rates available nationally for these terms are up to 5.38% APY as of last Saturday.

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