Freedom National Bank is a community bank serving Northern and Northwest Rhode Island.  Freedom National Bank was established on November 29, 2001 and has been FDIC insured since that time.  The bank is chartered as a National Bank.  Therefore the primary regulator is the Office of the Comptroller of the Currency (OCC).  As of September 30, 2008 the bank had assets of $75,408,000.  At that time the bank had a tier 1 risk-based capital ratio of 10.44% and a total risk-based capital ratio of 11.69%.  Through the first nine months of 2008 the bank had net income of $32,000.

Freedom National Bank melds together a combination of modern technology and old-fashioned personalized service.  The bank has accounts that span from personal or business checking, savings and certificates of deposit, small business loans and commercial mortgages.  Freedom National Bank has savings and certificate accounts that offer competitive rates and terms for all a variety investment needs.

The bank has a number of checking accounts to choose from.  They have many ways to get no monthly fee and no minimum balance checking accounts.  The bank’s ‘CHOICE’ checking accounts offer the account holder the freedom to select the account that fits their lifestyle.  They even have free checking account with OOPS (Occasional Overdraft Privilege Protection).

Freedom National Bank displays the following CD rates:

A 3 month CD with an interest rate of 2.25 % APY, 6 Month CD earning an interest rate of 2.25% APY, 9 month CD has an interest rate of 2.50% APY, 12 month CD earns an interest rate of 2.50% APY, 18 month CD provides a rate of 2.75% APY, a 24 month CD earns an interest rate of 3.00% APY, a 36 month CD has a interest rate of 3.00% APY, 48 month CD earns an interest rate of 3.20% APY,  60 month CD earns a interest rate of 3.30% APY.

Bank CD rates are subject to change without notice.  Additional conditions may apply for these accounts.  For recent CD rates and account disclosures contact the bank directly at 1-866-920-2265.  The bank also updates its website with the existing CD rates at www.freedomnationalbank.com.

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