FreedomBank


Overview / Commentary
563-245-2522
210 South Main
Elkader, IA 52043

FreedomBank is headquartered in Elkader and is the 52nd largest bank in the state of Iowa. It is also the 1,797th largest bank in the nation. It was established in 1903 and as of June of 2020, it had grown to 63 employees at 5 locations. FreedomBank's money market rates are 36% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #11767
Year Established1903
Employees63
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.33%
Return on Equity - YTD11.03%
Annual Interest Income$9.5MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$435.0MM$410.8MM
LoansQ2 2020vs Q2 2019$336.4MM$322.2MM
DepositsQ2 2020vs Q2 2019$344.2MM$319.5MM
Equity CapitalQ2 2020vs Q2 2019$52.6MM$49.4MM
Loan Loss AllowanceQ2 2020vs Q2 2019$2.3MM$2.3MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$861.00K$3.7MM
Real Estate OwnedQ2 2020vs Q2 2019$253.00K$88.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$100k*-IRA
OTHER TIERS: 0.50% Up to $100k
0.60%*$100k*-KEOGH Savings
OTHER TIERS: 0.50% $100 - $100k
0.30%*$100k*-Variable Rate IRA
OTHER TIERS: 0.20% Up to $100k
0.30%*$10k*-Health Savings Account
OTHER TIERS: 0.10% Up to $500 | 0.20% $500 - $10k
0.10%--Savings

FreedomBank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%*$250k*-Freedom Bank Money Market Savings
OTHER TIERS: 0.10% Up to $5k | 0.20% $5k - $50k | 0.30% $50k - $100k | 0.40% $100k - $250k

FreedomBank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--Freedom Plus Checking

FreedomBank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.70%*$100k*-60 Month CD
OTHER TIERS: 0.60% $1k - $100k
0.70%*$100k*-60 Month Kids CD
OTHER TIERS: 0.60% $500 - $100k
0.60%*$100k*-48 Month CD
OTHER TIERS: 0.50% $1k - $100k
0.60%*$100k*-48 Month Kids CD
OTHER TIERS: 0.50% $500 - $100k
0.50%*$100k*-42 Month CD
OTHER TIERS: 0.40% $1k - $100k
0.50%*$100k*-36 Month CD
OTHER TIERS: 0.40% $1k - $100k
0.50%*$100k*-36 Month Kids CD
OTHER TIERS: 0.40% $500 - $100k
0.50%*$100k*-42 Month Kids CD
OTHER TIERS: 0.40% $500 - $100k
0.40%*$100k*-30 Month CD
OTHER TIERS: 0.30% $1k - $100k
0.40%*$100k*-24 Month CD
OTHER TIERS: 0.30% $1k - $100k
0.40%*$100k*-18 Month CD
OTHER TIERS: 0.30% $1k - $100k
0.40%*$100k*-12 Month CD
OTHER TIERS: 0.30% $1k - $100k
0.40%*$100k*-12 Month Kids CD
OTHER TIERS: 0.30% $500 - $100k
0.40%*$100k*-18 Month Kids CD
OTHER TIERS: 0.30% $500 - $100k
0.40%*$100k*-24 Month Kids CD
OTHER TIERS: 0.30% $500 - $100k
0.40%*$100k*-30 Month Kids CD
OTHER TIERS: 0.30% $500 - $100k
0.30%*$100k*-182 Day CD
OTHER TIERS: 0.20% $1k - $100k
0.30%*$100k*-182 Day Kids CD
OTHER TIERS: 0.20% $500 - $100k
0.10%$1k-91 Day CD
0.10%$500-91 Day Kids CD
Locations


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

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