Freedom to Save

Freedom to Save

It’s a terrific feeling when you have money saved. Those savings provide peace of mind knowing that if a financial emergency crops up, you can pay for it. There’s also the sense of accomplishment that you’re setting aside money for something specific, like a down payment for a home, a fantastic vacation, or even the purchase of a new vehicle.

The key to every financial foundation.

Checking accounts are pretty amazing when you stop to think about it. They’re a hub where you can receive money, like deposited checks and ACHs, and where you can pay bills. Thanks to our Mobile and Online Banking features, you can also take care of a number of financial transactions via your checking account using your computer, smartphone, or tablet.

We have two different checking accounts to choose from:

  • Regular Checking—Our basic checking account that has no minimum balance requirement, no monthly fee and unlimited check writing ability with no per-check fees.
  • Save the Change—With this optional enhancement, every time you use your VISA® Debit Card, we’ll round up that purchase to the next whole dollar. The difference will then be deposited into your Freedom Northwest savings account. This is a great way to save for something special over time without even having to think about it.

With our checking accounts, you’ll also receive some pretty awesome additional services:

To get started, stop by any Freedom Northwest location or give us a call and we’ll get you set up with the account you prefer.

More earnings. No monthly fees.

Regular Money Market—Starting with as little as $1.00, our Regular Money Market Account earns you a higher interest rate with no monthly fees. You can also make up to three monthly withdrawals or transfers from your account without penalty.

Rate Rise Money Market—To open a Rate Rise Money Market Account, you first need to have a base share account and an associated checking account. The Rate Rise Money Market Account has a $10,000 minimum balance. A fee* will be charged if the minimum balance is not maintained. This account can earn a higher interest rate than our Regular Money Market Account:

  • If your associated checking account has a balance** between $5,000 and $9,999, you’ll earn an additional 0.15% APY*** on your Rate Rise Money Market Account.
  • If your associated checking account has a balance** between $10,000 and $14,999, you’ll earn an additional 0.30% APY*** on your Rate Rise Money Market Account.
  • If your associated checking account has a balance** of $15,000 or more, you’ll earn an additional 0.45% APY*** on your Rate Rise Money Market Account.
With a Rate Rise Money Market Account, you are allowed a total of six (6) withdrawals/transfers per month from the account without penalty. Withdrawals in excess of six (6) per calendar month will be assessed a $20.00 fee per additional withdrawal. The account includes free checks for the associated checking account, and the associated Freedom Northwest VISA® Debit Card point of sale limit is increased to $5,000.00.

And just like with our Checking Accounts, you’ll have access to all of our Remote Services such as:

Flexibility when it comes to your finances is a good thing, don’t you think? Stop by any Freedom Northwest location or give us a call to open the Money Market Account of your choice and see how you’ll always get the greatest convenience with us.

It all adds up.

The key to saving money? It’s not as tough as you think. Just commit to putting a set amount into savings every month or every payday. It doesn’t even have to be a lot. In fact, you probably won’t even miss it. But it will grow over time, and before you know it, you’ll have quite a nice nest egg.

Regular Share Savings—Our Regular Share Savings is just the place to put those deposits. You’ll always have full access to the money you put away, but by separating it from your Checking Account, you won’t be so tempted to spend it. But if you do, with ​Overdraft Protection, any shortfall in your savings can be covered by an alternative designated account.

Managing your savings is a snap with our portfolio of Remote Services like:

The journey of a thousand miles begins with one step. Saving is a lot like that. Stop by any Freedom Northwest location or give us a call and let us open your savings account(s) today.

Amplify your savings.

Once you have some savings established, take things to the next level with a Certificate of Deposit (CD). Choose the period of time you’re comfortable with because there is a penalty assessed if you withdraw money from your CD early. Once you’ve decided on this period of time (also called a “term”) and open the Certificate, you’ll earn a higher rate of return than with a regular savings account—the longer the term, the higher the interest yield.

Here’s what you’ll receive from our Certificates of Deposit:

  • Terms from three months to five years
  • Minimum deposits starting at just $1,000
  • Dividends that are posted quarterly
  • Automatic renewal (optional) of your Certificate(s) upon maturity

If you choose automatic renewals, your Freedom Northwest Certificates of Deposit will renew automatically at our best current rate for the given term. Unlike other institutions that play “gotcha” by rolling over certificates of deposit to a lower default rate than they are currently offering their new Certificate of Deposit customers, our stance is clear; we don’t play games! Our members get the best current deal at each roll over.

Turn up the volume on your interest-earning capabilities by coming to any Freedom Northwest location or give us a call to open your Certificate(s) of Deposit today. Helping you reach your savings goals faster is music to our ears.

The right time to start thinking about retirement?

The answer is now. The sooner you start, the more time you’ll have to save money. And the more money you save, the more interest and dividends you’ll earn on that money. Basically, it’s a cumulative effect that can work extremely hard for you.

Whether you’re in your 20s or your 50s, it’s never too early—or too late—to get started working toward your retirement goals with Individual Retirement Accounts (IRAs), like these:

  • Traditional IRAs—You do not pay income tax on the qualified contributions you make into this IRA, so you save money in taxes now. You will pay taxes when you start withdrawing money at retirement age.
  • Roth IRAs—You do pay income tax on the qualified contributions you make into this IRA now. On the other hand, the withdrawals you make at retirement age are tax-free.

Are you ready for the future? It’s ready for you. Stop by any Freedom Northwest location or give us a call and let us help you decide which option is right for you, then get your IRA opened for you.

Look into the future.

How long will it take you to reach your financial goals? Our Savings Calculators can provide you with some answers.

It might take a little while to become a millionaire. But by regularly making deposits and taking advantage of higher-interest-bearing accounts, like Money Markets, Certificates of Deposit and IRAs, you can accelerate the process.

The accuracy of these calculators and their applicability to your circumstances are not guaranteed. You should obtain personal advice from qualified professionals.

The keys to reaching your financial goals.

We offer competitive rates and plenty of options to keep you moving toward your financial goals.

Annual Percentage Yield is current as of March 03, 2023.

The key to every financial foundation.

Checking accounts are pretty amazing when you stop to think about it. They’re a hub where you can receive money, like deposited checks and ACHs, and where you can pay bills. Thanks to our Mobile and Online Banking features, you can also take care of a number of financial transactions via your checking account using your computer, smartphone, or tablet.

We have two different checking accounts to choose from:

  • Regular Checking—Our basic checking account that has no minimum balance requirement, no monthly fee and unlimited check writing ability with no per-check fees.
  • Save the Change—With this optional enhancement, every time you use your VISA® Debit Card, we’ll round up that purchase to the next whole dollar. The difference will then be deposited into your Freedom Northwest savings account. This is a great way to save for something special over time without even having to think about it.

With our checking accounts, you’ll also receive some pretty awesome additional services:

To get started, stop by any Freedom Northwest location or give us a call and we’ll get you set up with the account you prefer.

More earnings. No monthly fees.

Regular Money Market—Starting with as little as $1.00, our Regular Money Market Account earns you a higher interest rate with no monthly fees. You can also make up to three monthly withdrawals or transfers from your account without penalty.

Rate Rise Money Market—To open a Rate Rise Money Market Account, you first need to have a base share account and an associated checking account. The Rate Rise Money Market Account has a $10,000 minimum balance. A fee* will be charged if the minimum balance is not maintained. This account can earn a higher interest rate than our Regular Money Market Account:

  • If your associated checking account has a balance** between $5,000 and $9,999, you’ll earn an additional 0.15% APY*** on your Rate Rise Money Market Account.
  • If your associated checking account has a balance** between $10,000 and $14,999, you’ll earn an additional 0.30% APY*** on your Rate Rise Money Market Account.
  • If your associated checking account has a balance** of $15,000 or more, you’ll earn an additional 0.45% APY*** on your Rate Rise Money Market Account.
With a Rate Rise Money Market Account, you are allowed a total of six (6) withdrawals/transfers per month from the account without penalty. Withdrawals in excess of six (6) per calendar month will be assessed a $20.00 fee per additional withdrawal. The account includes free checks for the associated checking account, and the associated Freedom Northwest VISA® Debit Card point of sale limit is increased to $5,000.00.

And just like with our Checking Accounts, you’ll have access to all of our Remote Services such as:

Flexibility when it comes to your finances is a good thing, don’t you think? Stop by any Freedom Northwest location or give us a call to open the Money Market Account of your choice and see how you’ll always get the greatest convenience with us.

It all adds up.

The key to saving money? It’s not as tough as you think. Just commit to putting a set amount into savings every month or every payday. It doesn’t even have to be a lot. In fact, you probably won’t even miss it. But it will grow over time, and before you know it, you’ll have quite a nice nest egg.

Regular Share Savings—Our Regular Share Savings is just the place to put those deposits. You’ll always have full access to the money you put away, but by separating it from your Checking Account, you won’t be so tempted to spend it. But if you do, with ​Overdraft Protection, any shortfall in your savings can be covered by an alternative designated account.

Managing your savings is a snap with our portfolio of Remote Services like:

The journey of a thousand miles begins with one step. Saving is a lot like that. Stop by any Freedom Northwest location or give us a call and let us open your savings account(s) today.

Amplify your savings.

Once you have some savings established, take things to the next level with a Certificate of Deposit (CD). Choose the period of time you’re comfortable with because there is a penalty assessed if you withdraw money from your CD early. Once you’ve decided on this period of time (also called a “term”) and open the Certificate, you’ll earn a higher rate of return than with a regular savings account—the longer the term, the higher the interest yield.

Here’s what you’ll receive from our Certificates of Deposit:

  • Terms from three months to five years
  • Minimum deposits starting at just $1,000
  • Dividends that are posted quarterly
  • Automatic renewal (optional) of your Certificate(s) upon maturity

If you choose automatic renewals, your Freedom Northwest Certificates of Deposit will renew automatically at our best current rate for the given term. Unlike other institutions that play “gotcha” by rolling over certificates of deposit to a lower default rate than they are currently offering their new Certificate of Deposit customers, our stance is clear; we don’t play games! Our members get the best current deal at each roll over.

Turn up the volume on your interest-earning capabilities by coming to any Freedom Northwest location or give us a call to open your Certificate(s) of Deposit today. Helping you reach your savings goals faster is music to our ears.

The right time to start thinking about retirement?

The answer is now. The sooner you start, the more time you’ll have to save money. And the more money you save, the more interest and dividends you’ll earn on that money. Basically, it’s a cumulative effect that can work extremely hard for you.

Whether you’re in your 20s or your 50s, it’s never too early—or too late—to get started working toward your retirement goals with Individual Retirement Accounts (IRAs), like these:

  • Traditional IRAs—You do not pay income tax on the qualified contributions you make into this IRA, so you save money in taxes now. You will pay taxes when you start withdrawing money at retirement age.
  • Roth IRAs—You do pay income tax on the qualified contributions you make into this IRA now. On the other hand, the withdrawals you make at retirement age are tax-free.

Are you ready for the future? It’s ready for you. Stop by any Freedom Northwest location or give us a call and let us help you decide which option is right for you, then get your IRA opened for you.

Look into the future.

How long will it take you to reach your financial goals? Our Savings Calculators can provide you with some answers.

It might take a little while to become a millionaire. But by regularly making deposits and taking advantage of higher-interest-bearing accounts, like Money Markets, Certificates of Deposit and IRAs, you can accelerate the process.

The accuracy of these calculators and their applicability to your circumstances are not guaranteed. You should obtain personal advice from qualified professionals.

The keys to reaching your financial goals.

We offer competitive rates and plenty of options to keep you moving toward your financial goals.

Annual Percentage Yield is current as of March 03, 2023.

Join UsCalculatorsRates

Enjoy the safety, convenience and personal service you won’t find at other financial institutions.

If you have any questions about our Loan Calculators, or just need some assistance in figuring out which loan is best for you, stop by one of our convenient locations for personalized attention. Or feel free to give us a call or email us.

Enjoy the safety, convenience and personal service you won’t find at other financial institutions.

If you have any questions about our Loan Calculators, or just need some assistance in figuring out which loan is best for you, stop by one of our convenient locations for personalized attention. Or feel free to give us a call or email us.