Overview / Commentary
210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 56th largest bank in the state of Iowa. It is also the 1,840th largest bank in the nation. It was established in 1903 and as of September of 2021, it had grown to 64 employees at 5 locations. FreedomBank has a B+ health rating.


No reviews have been left for this bank yet. Be the first to review.


Health Grade Components

FDIC Certificate #11767
Year Established1903
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD9.02%
Annual Interest Income$12.5MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$467.0MM$439.5MM
LoansQ3 2021vs Q3 2020$287.9MM$334.3MM
DepositsQ3 2021vs Q3 2020$384.9MM$351.5MM
Equity CapitalQ3 2021vs Q3 2020$54.3MM$51.7MM
Loan Loss AllowanceQ3 2021vs Q3 2020$4.4MM$3.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$12.4MM$15.5MM
Real Estate OwnedQ3 2021vs Q3 2020$427.00K$351.00K
Report an Issue

Always verify rates and promotions with the bank or credit union. We are not FreedomBank; 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.

FreedomBank Savings Account Rates

0.40%$100-KEOGH Savings
0.10%--Variable Rate IRA
0.10%*$10k*-Health Savings Account
OTHER TIERS: 0.05% Up to $10k

FreedomBank Money Market Rates

0.40%*$250k*-Freedom Bank Money Market Savings
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $50k | 0.15% $50k - $100k | 0.25% $100k - $250k

FreedomBank Checking Account Rates

0.05%--Freedom Plus Checking

FreedomBank CD Rates

0.75%$1k-60 Month CD
0.75%$500-60 Month Kids CD
0.75%$1k-Business 60 Month CD
0.40%$1k-48 Month CD
0.40%$1k-42 Month CD
0.40%$500-42 Month Kids CD
0.40%$500-48 Month Kids CD
0.40%$1k-Business 42 Month CD
0.40%$1k-Business 48 Month CD
0.30%$1k-36 Month CD
0.30%$1k-30 Month CD
0.30%$1k-24 Month CD
0.30%$500-24 Month Kids CD
0.30%$500-30 Month Kids CD
0.30%$500-36 Month Kids CD
0.30%$1k-Business 24 Month CD
0.30%$1k-Business 30 Month CD
0.30%$1k-Business 36 Month CD
0.20%$1k-18 Month CD
0.20%$500-18 Month Kids CD
0.20%$1k-Business 18 Month CD
0.10%$1k-12 Month CD
0.10%$1k-182 Day CD
0.10%$500-182 Day Kids CD
0.10%$500-12 Month Kids CD
0.10%$1k-Business 182 Day CD
0.10%$1k-Business 12 Month CD
0.05%$1k-91 Day CD
0.05%$500-91 Day Kids CD
0.05%$1k-Business 91 Day CD

FreedomBank Locations
Monona Office Branch106 South Main StreetMonona, IA 52159
Postville Office Branch135 West TildenPostville, IA 52162
Freedombank210 South MainElkader, IA 52043
Waukon Branch201 West Main StreetWaukon, IA 52172
Wal-Mart Branch1798 Old Stage RoadDecorah, IA 52101

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.