Deposit and Loan 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 04/25/2024.

ProductDividend RateAnnual Percentage Yield
Advantage Checking, Powered by BaZing0.05%0.05%
Essential Checking0.05%0.05%
Share (Savings Account)0.05%0.05%
Club Accounts0.05%0.05%

Open Account

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. Limit of 6 withdrawals and/or transfers per month.  Effective fees may reduce dividend earned. See Fee Schedule. Advantage Checking, Powered by BaZing 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. Essential 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 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. Early withdrawal fee, per withdrawal, apply. 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 4/25/2024.

TermDividend RateAnnual Percentage Yield
6 Month1.48%1.50%
*7 Month4.87%5.00%
9 Month0.99%1.00%
12 Month1.73%1.75%
*13 Month4.97%5.10%
18 Month1.98%2.00%
24 Month2.10%2.13%
36 Month2.22%2.25%
48 Month2.46%2.50%
60 Month2.71%2.75%

Open Account

IRA Savings Account

Effective as of 4/25/2024.

ProductDividend RateAnnual Percentage Yield
Savings0.14%0.15%

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.

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.

*APY = Annual Percentage Yield as of April 25, 2024. Special rate promotion subject to end without notice. $500 minimum requirement to open and minimum of $500 to earn the advertised APY. 7 Month IRA/Savings Certificate Specials will automatically renew to a 6-month term at maturity at the prevailing rate. 13 Month IRA/Savings Certificate Specials will automatically renew to a 12-month term at maturity at the prevailing rate. A penalty will be imposed for early withdrawal and the effective fees may reduce dividends earned. Credit Union membership required by opening a $5 share savings account. Other terms and conditions may apply.

Money Market

Money Market Rates

Effective as of 4/25/2024

Minimum Balance to Earn APYDividend RateAnnual Percentage Yield
$5–$24,999.990.19%0.20%
$25,000–$49,999.990.24%0.25%
$50,000–$74,999.990.29%0.30%
$75,000 and above0.34%0.35%

Open Account

Disclosures

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. Limit of 6 withdrawals and/or transfers per month. 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 4/25/2024. 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 Months5.80%$85.98
24 Months6.00%$44.30
36 Months6.35%$30.58
48 Months6.750%$23.83
60 Months7.000%$19.81
72 Months7.500%$17.30
84 Months8.000%$15.59

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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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Home Equity

Rates are effective as of 4/25/2024.

Fixed Rate Home Equity Loans (80% CLTV)

Product/TermsAPR*Payment Per $1,000 Borrowed
5 year fixed rate6.625%$19.62 (60 mo.)
10 year fixed rate6.750%$11.48 (120 mo.)
15 year fixed rate7.000%$ 8.99 (180 mo.)
20 year fixed rate7.250%$7.90 (240 mo.)

Fixed-Rate Home Equity Loan

  • *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
  • Borrow up to 80% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $500,000.
  • Available on 1–4 family owner occupied properties
  • Property and casualty insurance required. Flood insurance required if property in flood zone
  • Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.

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Fixed Rate Home Equity Loans (100% CLTV)

Product/TermsAPR*Payment Per $1,000 Borrowed
5 year fixed rate7.625%$20.10 (60 mo.)
10 year fixed rate7.750%$12.00 (120 mo.)
15 year fixed rate8.000%$9.56 (180 mo.)
20 year fixed rate8.250%$8.52 (240 mo.)

Fixed-Rate Home Equity Loan

  • *Annual Percentage Rate. Payments do not include amounts for tax and insurance premiums, if applicable, and the actual payment obligation may be greater.
  • Borrow between 80.01% – 100% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $250,000.
  • Available on 1–2 family owner-occupied properties.
  • Property and casualty insurance required. Flood insurance required if property in flood zone
  • Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.

Apply Now

Home Equity Line of Credit (80% CLTV)

Product/TermsAPR*Amortization Type / Term
Special Introductory Rate6.99%Fixed** / 12-month

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

**Special Introductory Rate fixed for the first 12 months, then becomes a 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 0.50%, not to go below 3% (floor rate). The current Prime Rate is 8.50%.

Home Equity Line of Credit (variable rate)

  • Borrow up to 80% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $500,000.
  • Available on 1–4 family owner occupied properties
  • Property and casualty insurance required. Flood insurance required if property in flood zone
  • 10 Year Draw Period, 10 Year Repayment Period.
  • Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.

Apply Now

Home Equity Line of Credit (100% CLTV)

Product/TermsAPR*Amortization Type / Term
Special Introductory Rate7.99%Fixed** / 12-month

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

**Special Introductory Rate fixed for the first 12 months, then becomes a 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 0.50%, not to go below 4% (floor rate). The current Prime Rate is 8.50%.

Home Equity Line of Credit (variable rate)

  • Borrow between to 80.01% – 100% of the equity in your home. Minimum loan amount $10,000, maximum loan amount $250,000.
  • Available on 1–2 family owner-occupied properties.
  • Property and casualty insurance required. Flood insurance required if property in flood zone.
  • 10 Year Draw Period, 10 Year Repayment Period.
  • Before applying, please review your eligibility for membership (must live, work or attend school in Hampden, Hampshire, Franklin or Berkshire counties in Massachusetts, and Hartford or Tolland counties in Connecticut, or have a family member with an active membership.) Membership requires a $5 deposit into a Share Savings Account and does not guarantee that you will qualify for a loan.

Apply Now

For additional information, please call 413-739-6961 or email mortgage@freedom.coop

Personal Loan Rates

Our personal loan rates are effective as of 4/25/2024.

Personal Loan Rates

TermRates As Low As* (APR)Monthly Payment Per $1,000 Borrowed
12 Months9.500%$87.68
24 Months10.500%$46.38
36 Months11.500%$32.98
48 Months12.500%$26.58
60 Months13.500%$23.01
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 4/25/2024.

TermRates As Low As* (APR)Monthly Payment Per $1,000 Borrowed
12 Months5.00%$85.61
24 Months6.00%$44.32
36 Months7.00%$30.88
48 Months8.00%$24.42
60 Months9.00%$20.76

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 4/25/2024.

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

TermRates As Low As* (APR)Monthly Payment Per $1,000 Borrowed
12 Months7.000%$86.53
24 Months7.250%$44.89
36 Months7.500%$31.11
48 Months7.750%$24.30
60 Months8.000%$20.28
72 Months8.250%$17.66
84 Months8.500%$15.84
96 Months8.750%$14.53
108 Months9.000%$13.55
120 Months9.250%$12.81

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.

Business Deposits

All rates below effective as of 4/25/2024.

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–$24,999.990.19%0.20%
$25,000–$49,999.990.24%0.25%
$50,000–$74,999.990.29%0.30%
$75,000 and above0.34%0.35%

Business Money Market Account Rates

Minimum Balance to Earn APYDividend RateAnnual Percentage Yield
$5–$10,0000.19%0.20%
$10,000.01–$50,0000.24%0.25%
$50,000.01–$100,0000.29%0.30%
$100,000.01 and above0.34%0.35%

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