Freedom FCU (MD) Offers Very Competitive 52-Week Jumbo CD


Availability: Harford County, Maryland

Last week, Freedom Federal Credit Union (Freedom FCU) raised the rate on its 52-week Jumbo Certificate (1.50% APY). This impressive 115 basis point rise was the first rate increase since October 2012, and the new APY is the highest in the Certificate’s nearly seven-year history.

The minimum opening deposit is $25k, with no balance cap. As stated in Freedom FCU’s Truth In Savings document, the Early Withdrawal Penalty reads as follows:

For all accounts, the amount of the early withdrawal penalty is based on
the term of your account. Terms of less than 13 months, 3 months dividends.


Headquartered in Bel Air, Freedom Federal Credit Union field of membership is primarily residency based, with individuals who live, work, worship, or attend school in Harford County, Maryland, eligible to join.

In addition, immediate family members of current or eligible non-members qualify for membership regardless of where they reside. Freedom FCU’s definition of "immediate family member" is quite wide: spouse, domestic partner, parent, step-parent, children, step-children, grandparent, step-grandparent, sibling, step-sibling, grandchild, and grandchild."

Joining Freedom FCU and/or opening a Certificate can be done online, or in-person at any of five Maryland branches located in Bel Air (2), Forest Hill, Gunpowder, and Havre de Grace. The Gunpowder branch is actually part of the Aberdeen Proving Ground Base, and access is restricted to Base personnel and visitors.

Credit Union Overview

Freedom Federal Credit Union (NCUA Charter # 8550) has an overall health grade of "B+" at, with a Texas ratio of 7.17% (excellent) based on December 31, 2015 data. In the past year, Freedom FCU has increased its total deposits by $8.18 million, an excellent annual growth rate of 3.37%. Please refer to our financial overview of Freedom Federal Credit Union for more details.

Freedom Federal Credit Union was established in 1953 as MATCOM Federal Credit Union, based in Baltimore. The Credit Union was moved to Harford County in support of the Edgewood Arsenal employees; Edgewood Arsenal later became part of the Aberdeen Proving Ground. The change to a community charter occurred in 1999, with the name changed to Freedom Federal Credit Union in 2000. Today, Freedom FCU is Maryland’s 21st largest credit union, with more than 30,000 members and assets in excess of $275 million.

How the CD Compares

When compared to the 190 similar length of term CDs tracked by that available to residents of northern Maryland, Freedom Federal Credit Union's 52-week Jumbo Certificate currently ranks first, regardless of minimum deposit.

The above rates are accurate as of 5/9/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

Related Pages: Freedom Federal Credit Union (MD), Baltimore

5.00% 55-Month CD at Freedom FCU in Maryland
Freedom Federal Credit Union is offering a special 55-month certificate with a yield of 5.00% APY. Interest rate is 4.91%. Minimum deposit is $1,000. It's also available as an IRA certificate. The special CD is listed on the credit union's front page as of 12/05/08. More details are available in the promotion page (pdf).

Membership is open to those who live, work, worship or attend school in Harford County, Maryland. Please refer to the credit union's Join-Us Page. Membership requires a minimum balance of $5 in the share savings account.

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