Savings & Checking Account Rates

Use the tabs below to review our current rates across all our product lines.

Savings & Checking Account Rates

These savings  and checking account rates are effective* as of 03/18/2020.

ProductDividend RateAnnual Percentage Yield
Share (Savings Account)0.05%0.05%
NOW (Checking Account)0.05%0.05%
Freedom NOW (Checking Account)0.39%0.40%
Forever Freedom Checking Account0.05%0.05%
Club Accounts 0.05%0.05%

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Disclosures

Share Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See Fee Schedule.

NOW Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See Fee Schedule.

Freedom NOW Account

The eligibility requirements for this account include having a minimum daily balance of $2,500 during the statement cycle, direct deposit of payroll or monthly pension during the statement cycle, and a minimum of two debit card point of sale (POS) transactions during the statement cycle. Use of your debit card at an ATM does not constitute a POS transaction. Failure to meet requirements may result in a monthly fee. Effective fees may reduce dividend earned. See Fee Schedule.

Forever Freedom Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See Fee Schedule.

Club Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See Fee Schedule.

Rate Information

The dividend rate and annual percentage yield may change at any time, as determined by the credit union Board of Directors.

Certificate (Savings and IRA)

Certificates & IRAs

These certificate, money market and IRA investment account rates are effective as of 03/18/2020.

TermDividend RateAnnual Percentage Yield
6 Month0.49%0.50%
9 Month0.49%0.50%
12 Month0.79%0.80%
18 Month0.99%1.00%
24 Month1.09%1.10%
36 Month1.24%1.25%
48 Month1.34%1.35%
60 Month1.73%1.75%

Open Account

Money Market

Effective as of 03/18/2020

Minimum Balance to Earn APYDividend RateAnnual Percentage Yield
$5–$24,999.990.24%0.25%
$25,000–$49,999.990.29%0.30%
$50,000–$74,999.990.34%0.35%
$75,000 and above 0.39%0.40%

Open Account

IRA Savings Account

Effective as of 03/18/2020

ProductDividend RateAnnual Percentage Yield
Savings0.34%0.35%

Disclosures

IRA/Savings Certificate

There is a $500 minimum requirement to open and a minimum balance requirement of $500 to earn the advertised annual percentage yield. A penalty will be imposed for early withdrawal. Effective fees may reduce dividend earned. See fee schedule.

Money Market Account

There is a $2,000 minimum requirement to open the account and that minimum daily balance must be maintained to avoid a minimum balance fee. If, during any month, the account balance falls below the required minimum balance, the account will be subject to a minimum balance fee. A minimum balance of $5 must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See fee schedule.

IRA Savings Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See fee schedule.

APY = Annual Percentage Yield

Rate Information

The dividend rate and annual percentage yield may change at any time, as determined by the Credit Union Board of Directors.

Auto Loans

Our low auto loan rates are effective 03/18/2020. Financing available up to 100% of the NADA retail value. These rates are for new or used cars or trucks with no vehicle age restriction.

Auto Loan Rates

TermRates as Low As* (APR)Payment per $1,000 Borrowed
12 Months 2.05%$86.38
24 Months 2.25%$43.72
36 Months 2.60%$29.64
48 Months 3.00%$22.69
60 Months 3.25%$18.54
72 Months 3.75%$15.93
84 Months 4.25%$14.14

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*Annual Percentage Rate. Rates quoted are based on our “A” credit grade and require automatic payments from a Freedom Credit Union checking account. Rates are increased by 0.25% if automatic payment is not set up. Your actual rate may be higher depending on your individual credit score and qualifications. Offer of credit subject to credit approval. Rates subject to change at any time.

Mortgage

Get a quote for our fixed rate, adjustable rate and jumbo mortgages.

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Mortgage Rates

Rate TypeCheck RatesApply
Fixed Rate MortgagesCheck Rates Apply Now
Adjustable Rate MortgagesCheck Rates Apply Now
Jumbo MortgagesCheck Rates Apply Now

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Mortgage Products And Disclosures

Fixed-Rate First Mortgage

  • The actual interest rate and fees available to you will be based on your credit profile, property type, loan-to-value and other factors, and may be different than the rates advertised here
  • The interest rates, annual percentage rates (APRs), points and rebates shown are subject to change without notice. Rates available for owner-occupied family residences
  • The monthly payment amount shown includes principal and interest. Taxes, property insurance, and flood and mortgage insurance (if applicable) are not included in the monthly payment amount. Your actual monthly payment may be higher. An escrow account may be required
  • Your APR will vary based on your final loan amount and finance charges
  • Maximum 95% LTV for purchases. PMI will be required over 80% LTV

Adjustable Rate First Mortgage (ARM)

  • The actual interest rate and fees available to you will be based on your credit profile, property type, loan-to-value and other factors, and may be different than the rates advertised here
  • Payments do not include amounts for tax and insurance premiums (including flood insurance), if applicable, and the actual payment obligation may be greater
  • Maximum 95% LTV for purchases. PMI will be required over 80% LTV
  • Maximum loan amount is $453,100 for single family home
  • Adjustable rate mortgages use the 1 Year Treasury Constant Maturity as the index, caps 2% and 6% and a floor of 2.75%
  • 5/1 ARM has an interest rate that is initially fixed for five years then adjusts annually thereafter
  • 7/1 ARM has an interest rate that is initially fixed for seven years then adjusts annually thereafter

Jumbo First Mortgage

  • Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater
  • Available on mortgages over $424,100 for single family home
  • Property and casualty insurance required. Flood insurance required if property in flood zone
  • Maximum 90% LTV for purchases. PMI will be required over 80% LTV

MassHousing with Private Mortgage Insurance

  • Up to 97% financing with no cash required on single family homes
  • Up to 95% financing on 2-, 3-, and 4-family homes.
  • Fixed rate terms; as little as 3% down
  • Maximum income limits vary by city or town
  • MI Plus™ mortgage insurance helps pay the mortgage in case of job loss
  • Non-traditional credit allowed

Massachusetts Housing Partnership – One Mortgage

  • No Private Mortgage Insurance (PMI) required
  • 3% down payment—1.5% can be from a gift. Lower rates than conventional mortgages
  • Property and casualty insurance required. Flood insurance required if property in flood zone
  • Income restrictions apply

 FHA Loan

  • 5% down payment—can be from a gift or a Down Payment Assistance Program (DAP). Check with your city or town to see if they offer a DAP
  • No need to qualify for Mortgage Insurance Program separately
  • Lower rates than conventional mortgages
  • Non-occupied, co-borrower allowed
  • Debt-to-income ratio up to 55%

USDA Loan

  • No down payment required
  • Low monthly guaranteed fee required (lower than PMI on conventional or FHA loan)
  • Income and location restrictions apply

VA Loan

  • No down payment required
  • No monthly mortgage insurance; one-time funding fee

Membership eligibility requirements apply.

Home Equity

Home Equity Lines Of Credit

Our home equity lines of credit rates are effective as of 03/18/2020.

Home Equity (80 Ltv)

Product/TermsAPR*Payment Per $1,000 Borrowed
Home Equity Line of Credit**3.00%Revolving
Special Intro Rate+1.95%12-month

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Home Equity Loan (80 Ltv)

Product/TermsAPR*Payment Per $1,000 Borrowed
1–5 years, fixed rate 3.50%$18.19 (60 mo.)
6–10 years, fixed rate4.00%$10.13 (120 mo.)
11–15 years, fixed rate4.50%$ 7.65 (180 mo.)

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For more information, call us 413-739-6961 or email us at mortgage@freedom.coop.

*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.

**Variable Rate with a maximum potential rate of 15%. The Rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS .50%, not to go below 3% (floor rate). Mortgage recording fee paid by borrower.

+Special Intro Rate effective 03/18/2020 and good for 12 months with autopay from a Freedom account. Promotional intro rate subject to end without notice and based on qualified credit. After 12 months, HELOC up to 80% LTV becomes a line of credit with a variable rate ranging from 3% APR to a maximum potential rate of 15%. APR is based on Prime Rate as published in the Wall Street Journal on the 1st business day of each month MINUS .50%. Borrow up to 80% of the equity in your house. Minimum loan amount $10,000. Mortgage recording fee paid by the member. Available on 1–4 family owner occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone.

Home Equity (80 LTV) Disclosures

Home Equity Line of Credit (variable rate)

  • Variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month MINUS .50%, not to go below 3% (floor rate)
  • Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
  • Mortgage recording fee paid by the member. Available on 1–4 family owner occupied properties
  • Property and casualty insurance required. Flood insurance required if property in flood zone

Fixed-Rate Home Equity Loan

  • Borrow up to 80% of the equity in your home. Minimum loan amount $10,000.
  • Mortgage recording fee paid by the credit union. Available on 1–4 family owner occupied properties
  • Property and casualty insurance required. Flood insurance required if property in flood zone

Home Equity (100 Ltv)

Product/TermsAPR*Payment Per $1,000 Borrowed
Home Equity Line of Credit**4.00%Revolving
Special Intro Rate+2.95%12-month

Apply Now

Home Equity Loan (100 Ltv)

Product/TermsAPR*Payment Per $1,000 Borrowed
1–5 years, fixed rate4.50%$18.64 (60 mo.)
6–10 years, fixed rate 5.00%$10.61 (120 mo.)
11–15 years, fixed rate5.50%$8.17 (180 mo.)

Apply Now

For more information, call us 413-739-6961 or email us at mortgage@freedom.coop.

*Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.

**Variable Rate with a maximum potential rate of 15%. The Rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS .50%, not to go below 4% (floor rate). Mortgage recording fee paid by borrower.

+Special Intro Rate effective 03/18/2020 and good for 12 months with autopay from a Freedom account. Promotional intro rate subject to end without notice and based on qualified credit. After 12 months, HELOC 80.01–100% LTV becomes a line of credit with a variable rate ranging from 4% APR to a maximum potential rate of 15%. APR is based on Prime Rate as published in the Wall Street Journal on the 1st business day of each month PLUS .50%. Borrow up to 100% of the equity in your house. Minimum loan amount $10,000. Mortgage recording fee paid by the member. Available on 1–2 family owner-occupied properties. Property and casualty insurance required. Flood insurance required if property in flood zone.

Home Equity (100 Ltv) Disclosures

Home Equity Line of Credit (variable rate)

  • Variable rate with a maximum potential rate of 15%. The rate is based on Prime Rate as published in the Wall Street Journal on the first business day of each month PLUS .50%, not to go below 4% (floor rate).
  • Borrow up to 80.01–100% of the equity in your home. Minimum loan amount $10,000.
  • Mortgage recording fee paid by the member. Available on 1–2 family owner-occupied properties.
  • Property and casualty insurance required. Flood insurance required if property in flood zone.

Fixed-Rate Home Equity Loan

  • Borrow up to 80.01–100% of the equity in your home. Minimum loan amount $10,000.
  • Mortgage recording fee paid by the credit union. Available on 1–2 family owner-occupied properties.
  • Property and casualty insurance required. Flood insurance required if property in flood zone

Personal Loan Rates

Our personal loan rates are effective as of 03/18/2020.

Personal Loan Rates

TermRates As Low As* (APR)Monthly Payment Per $1,000 Borrowed
12 Months10.00%$87.94
24 Months11.00%$46.63
36 Months12.00%$33.23
48 Months13.00%$26.84
60 Months14.00%$23.28
Personal Credit Line18.00%Revolving

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*Annual Percentage Rate. Rates quoted are based on our “A” credit grade and require automatic payments from a Freedom Credit Union checking account. Rates are increased by 0.25% if automatic payment is not set up. Your actual rate may be higher depending on your individual credit score and qualifications. Offer of credit subject to credit approval. Rates subject to change at any time.

Other Loans

Home Improvement Loan Rates (Unsecured)

Our home improvement loan rates are effective as of 03/18/2020.

TermRates As Low As* (APR)Monthly Payment Per $1,000 Borrowed
12 Months3.00%$84.70
24 Months4.00%$43.43
36 Months5.00%$29.98
48 Months6.00%$23.49
60 Months7.00%$19.81

Apply Now

*Annual Percentage Rate. Rates quoted are based on our “A” credit grade and require automatic payments from a Freedom Credit Union checking account. Rates are increased by 0.25% if automatic payment is not set up. Your actual rate may be higher depending on your individual credit score and qualifications. Offer of credit subject to credit approval. Rates subject to change at any time.

Recreational Vehicle Loan Rates

Our recreational vehicle loan rates are effective as of 03/18/2020.

Recreational vehicles include motorcycles, boats and motor homes. Financing available up to 80% of the NADA retail value for recreation vehicles and up to 100% for motorcycles.

TermRates As Low As* (APR)Monthly Payment Per $1,000 Borrowed
12 Months6.00%$86.23
24 Months6.25%$44.56
36 Months6.50%$31.43
48 Months6.75%$24.44
60 Months7.00%$20.31
72 Months7.25%$17.61
84 Months7.50%$15.73
96 Months7.75%$14.37
108 Months8.00%$13.35
120 Months8.25%$12.58

Apply Now

*Annual Percentage Rate. Rates quoted are based on our “A” credit grade and require automatic payments from a Freedom Credit Union checking account. Rates are increased by 0.25% if automatic payment is not set up. Your actual rate may be higher depending on your individual credit score and qualifications. Offer of credit subject to credit approval. Rates subject to change at any time.

Business Deposits

All rates below effective as of 03/18/2020.

Business Savings Account Rates

ProductDividend RateAnnual Percentage Yield
Business Share Account0.05%0.05%

Business Dividend Checking Account Rates

Minimum Balance to Earn APYDividend RateAnnual Percentage Yield
$5–$24,999.990.24%0.25%
$25,000–$49,999.990.29%0.30%
$50,000–$74,999.990.34%0.35%
$75,000 and above0.39% 0.40%

Business Money Market Account Rates

Minimum Balance to Earn APYDividend RateAnnual Percentage Yield
$5–$10,0000.09%0.10%
$10,000.01–$50,0000.49%0.50%
$50,000.01–$100,000 0.99%1.00%
$100,000.01 and above1.49% 1.50%

Disclosures

Business Share Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See Business Fee Schedule.

Business Dividend Checking Account

There is a $5 minimum balance requirement to open the account and that minimum balance must be maintained to earn the advertised annual percentage yield. Effective fees may reduce dividend earned. See Business Fee Schedule.

Business Money Market Account

  • There is a $10,000 minimum balance requirement to open the account, and a minimum balance of $5 must be maintained to earn the advertised annual percentage yield.
  • There is a $25 monthly fee for this account. To avoid the monthly fee, a minimum daily balance of $10,000 is required. The monthly fee may also be waived if the business has commercial loan relationship(s) totaling $25,000 or more. See Business Fee Schedule.

Rate Information

The dividend rate and annual percentage yield may change at any time, as determined by the credit union Board of Directors.

Rates & Fees: FAQ

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