Freedom Credit Union Offers Competitive 36- And 30-Month CDs

POSTED ON BY

Deal Summary: 36-month CD (1.50% APY), 30-month CD (1.30% APY), $500 minimum deposit.

Availability: Easy Membership Requirement for residents of DE, MD, NJ, PA, VA, WV, and DC; residents of five SE Pennsylvania counties; more than 290 SEGs.

Pennsylvania-based Freedom Credit Union (Freedom CU) is currently offering competitive rates on its 36-month CD (1.50% APY) and 30-month CD (1.30% APY). The minimum opening deposit is $500, with no stated balance cap. Both CDs are offered as Youth CDs (members 25 years and younger) earning the APYs, but requiring a lower $250 minimum deposit.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.75%$500-Freedom Credit Union (PA)36 Month CD
0.75%$250-Freedom Credit Union (PA)36 Month Youth CD
0.65%$500-Freedom Credit Union (PA)30 Month CD
0.65%$250-Freedom Credit Union (PA)30 Month Youth CD
Rates as of August 3, 2021.

The CDs are also offered as IRA CDs (Traditional, Roth, CESA), earning the same APYs with the same deposit requirements.

APYMINMAXINSTITUTIONPRODUCTDETAILS
0.75%$500-Freedom Credit Union (PA)36 Month IRA (Traditional, CESA, Roth)
0.65%$500-Freedom Credit Union (PA)30 Month IRA (Traditional, Roth, CESA)
Rates as of August 3, 2021.

In the past, Freedom CU offered the “flexibility to add to your CD any time after opening.” According to CSR, the additional deposit option is not available on CDs opened after April 1, 2020.

As stated in the Rate and Fee Schedule page, the Early Withdrawal Penalty reads as follows:

Terms of 12 to 36 months – 180 days of dividends

Dividends are compounded and credit monthly, with withdrawals of dividends allowed.

CDs can be funded through an ACH transfer or through a CO-OP Shared Branch transfer. Maturing funds are normally distributed by cashier’s check, but can be transferred to a Freedom CU savings account and then withdrawn by ACH. There is a 10-day grace period before a CD will automatically renew.

Thanks to DA reader, alan1, for his Forum post about these CDs.

Availability

Headquartered in Warminster, Pennsylvania, Freedom Credit Union’s field of membership (FOM) experienced significant changes three years ago. At the beginning of 2018, a nationwide easy membership requirement (EMR) through the American Consumer Council (ACC) was established. In August 2018, the scope of EMR was narrowed, with only residents of Delaware, Maryland, New Jersey, Pennsylvania, Virginia, West Virginia, and the District of Columbia now qualifying 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 290 participating SEGs.

Joining Freedom CU can be done online, or at any of four full-service Pennsylvania branches, located in Abington, Philadelphia (2), and Warminster. (The Lansdale branch is temporarily closed.) There is no mention of any branch COVID-related restrictions on Freedom CU’s website.

All Memberships are required to have a Freedom Savings account with a minimum
balance of $5.00 to be a member in good standing with Freedom Credit Union.

CDs can be opened at any of the above-mentioned branches, but not online. CSR stated that after your online membership application has been submitted and approved, opening and funding a CD can be done over the phone (215.612.5900).

Credit Union Overview

Freedom Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.18% (excellent) based on September 30, 2020 data. In the past year, Freedom CU has increased its total non-brokered deposits by $94.28 million, an excellent annual growth rate of 10.94%. 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 nearly 70,000 members and assets in excess of $1 billion. 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 CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available within the FOM, Freedom Credit Union’s 36- and 30-month CD APYs currently rank first and second, respectively.

The above rates are accurate as of 2/6/2021.

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

Related Pages: Philadelphia CD rates, 5-year CD rates

Comments
Ratesaver
  |     |   Comment #1
I opened 2cd at this credit union yesterday and the process was flawless. The CSR was very polite and I opened the 30mo. and 36mo cd... Rates are not grate but needed to move forward .. This was a new just opened site...
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...

Continue Reading
Freedom Credit Union Offers 24-Month CD, 3.05% APY
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...

Continue Reading
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 .

Deal Summary: 30-month CD, 3.56% APY, $500 minimum deposit, new money.

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...

Continue Reading
Freedom Credit Union Adds 36-Month Special CD
Deal Summary: 36-month CD, 3.04% APY, $500 minimum deposit, new money.

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

Freedom Credit Union (Freedom CU) has added a 36-month CD earning 3.04% APY. This limited-time offer requires a minimum deposit is $500 of new money, with no stated balance cap. There is also a 36-month Youth CD (3.04% APY) for members 25 years and younger, which only requires a $250 minimum deposit.

The 36-month CD is also offered as...

Continue Reading
Top Long-Term CD Rates at Freedom Credit Union in PA - Local Only

Sometimes banks and credit unions become rate leaders because their rates fall less than others. That's the case with Freedome Credit Union in Southeast Pennsylvania. It has three CD rates that are especially competitive. These include a 2.50% APY 5-year CD, a 2.20% APY 4-year CD and a 1.75% APY 3-year CD. Minimum deposit is $500. CDs can be opened in IRAs, ESAs and even HSAs. These rates are listed in the credit union's rates page as of 1/5/2012. CD details are available in the CD rate and fee schedule....

Continue Reading

More Past Offers



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.