Savings Options


Want to earn interest or dividends on your funds?  Freedom Credit Union offers several options to save money and earn interest at the same time.  Click on Current Rates to view Freedom’s current dividend yields and lending rates.  Talk to us today about setting up Automatic Payroll Deduction to conveniently deposit money each pay period into your Savings or Club Account.


Share Account/Regular Savings

Freedom is a financial cooperative, so your credit union savings are recorded as shares in credit union ownership.  Each share is $5.00, the minimum deposit amount required to join the credit union and become a member/owner.  That $5.00 minimum must remain on deposit in your share account to maintain your membership.  Share Savings Accounts earn interest.

Christmas Club Account

This special savings account is designed to help members save for Christmas holiday shopping.  Christmas Club Accounts earn interest and funds are available for withdrawal with no fee between October 1 and January 31.

Domino & Dot Kids Club Account

Reinforce the importance of saving money by opening a Kids Club Account for your child or grandchild.  A $25 deposit enrolls a child under the age of 12 into a Kids Account that provides long-term and short-term savings and interest opportunities.  Your child will receive a membership card, savings book, coin savers, quarterly statements with posted interest and the benefit of credit union membership for their lifetime!

Certificate of Deposit Account (CD)

CDs enable you to maximize the yield on invested dollars when you promise to leave them on deposit for an agreed upon term.  The Freedom “Investor’s Choice” CD program allows you to choose your term from a specified range for each CD dividend rate.  View the rate for each CD term range on the Current Rates page.

Individual Retirement Account (IRA)

One of the best options to help wage-earners save for retirement years while receiving potential tax benefits today.  Monthly dividends are tax-deferred, and your contributions may be tax deductible (consult a tax advisor).  Funds are insured independently from other accounts, up to the $250,000 limit.  Freedom offers Traditional IRA, Roth IRA and Education IRA options, with no monthly or annual fees, and no fees for IRA rollovers or transfers.