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Information About New FDIC Insurance Coverage
Freedom Bank of America is participating in the FDICs Transaction Account Guarantee Program. Under that program, through December 31, 2009, all noninterest-bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDICs general deposit insurance rules.
If the funds in a noninterest-bearing transaction account are swept, transferred or re-classified to an interest-bearing account, they are no longer eligible for the full guarantee provided under the Transaction Account Guarantee Program. Instead, as an interest-bearing account, they will be guaranteed up to $250,000 per owner, beneficiary, corporation, partnership or unincorporated association.
Featured Product from Freedom Bank
We are offering a Healthy Rate for our...Health Savings Accounts
- No minimum balance required
- Minimum requirement to open is $100.00
- Debit Card and/or checks available to access funds
- FDIC insured for up to $100,000
- No Cost to open your H.S.A. account and only $5 monthly paper statement fee which can be waived if you receive an E-statement for your account
- We can transfer your existing H.S.A. account to us.
Interest paid on all balances of $1,000 or more on the following tiers:
$1,000 and over.......................3.03% APY*
$0 to $999.00..........................0%