A woman at a desk looks over documents while managing her Freedom Bank business savings account.
At Freedom Bank, we like to give you choices based on your business’ needs. We offer our regular savings account with no minimum balance to businesses, as well as money market checking accounts and certificates of deposit.
| Regular Savings Account | Money Market Checking | Certificates of Deposit | |
|---|---|---|---|
Variable Interest Rate | Yes | Yes | No |
No Minimum Balance | Yes | No | No |
For Sole Proprietors | Yes | Yes | Yes |
For Partnerships | Yes | Yes | Yes |
For Corporations | Yes | Yes | Yes |
For Organizations | Yes | Yes | Yes |
A business savings account has a variable interest rate and no required minimum balance. Interest is credited each quarter and imaged statements are mailed quarterly. To avoid a service charge, six in-person withdrawals are allowed per quarter. This savings account option is for partnerships, sole proprietors, organizations, and corporations.
A money market checking account is an interest-bearing account with limited check writing and withdrawals in accordance with Federal regulations. Please refer to the rate sheet for interest rates. This account can be opened by sole proprietors, partnerships, corporations, and organizations.
Fixed rate CDs are available with a minimum deposit of $500.00. Early withdrawal penalties apply.
