Small in Size Big on Service

Welcome to Freehold Savings Bank website.  To those of you who have made us a part of your family, we thank you for your trust and support.  If you are visiting for the first time, welcome to our bank.  We understand the value of keeping good relationships. Our commitment to the community runs deep. Explore our site weekly for upcoming specials, products and developments. We're looking forward to being of service to you.  

Please call us with any questions and we will be happy to assist you. 732-462-6700 

Savings

Certificates of Deposit | IRA Account | Passbook Savings | Money Market Passbook | Statement Savings | Club Account | Schoolhouse Bucks | CAMPUS Savings

Certificates of Deposit

A Certificate of Deposit (often called a CD) is a type of savings account with a fixed rate and fixed maturity. That means that the interest rate on the money deposited is guaranteed, as long as the money remains in the bank for the time shown on the certificate. There is an interest penalty if all or part of the deposited money is withdrawn before the maturity date.

Features

This is an FDIC insured deposit. The interest rate is fixed for the term of the certificate. Interest is compounded daily and paid or credited monthly. Certificates may be automatically renewed at maturity. You will have seven (7) calendar days from the maturity date to withdraw your funds without being charged a penalty. The interest rates paid vary by maturity and may be found on the current rate sheet. The minimum balance required to open this account is $500 and additional deposits are not permitted. Your interest rate and annual percentage may change at our discretion. Interest begins to accrue on the day you deposit cash/non-cash items. Please call for additional details.

Rates

Interest is compounded daily and paid or credited monthly. Certificate rates are found on the current rate sheet. Early withdrawal penalties apply.

IRA Account

An Individual Retirement Account (IRA) is a deposit account, which permits an individual to shelter a certain amount of funds a year in a tax deferred investment account. There are several types of IRA plans available to the depositor: Traditional IRA, Roth IRA, and ESAs.

Features

This is an FDIC insured deposit. Please call for additional details

Rates

Rates vary according to the type and term of certificate.

Passbook Savings

This is the traditional Savings Account where all transactions and balances are entered into a passbook, which many depositors call 'their bank book'.

Features

This is an FDIC insured deposit. The passbook is the depositor’s primary record and should be presented at all transactions. Interest on this account is compounded continuously and credited monthly. The minimum amount required to open this account is $10. The minimum balance required to obtain the Annual Percentage Rate is $10. Your interest rate and annual percentage rate may change at our discretion. Interest begins to accrue on the day you deposit cash/non-cash items. All deposits are subject to collection before withdrawal. Please call for additional details.

Rates

Current rates can be found on our rate sheet.

Money Market Passbook

This account is similar to a Passbook Savings Account and is recommended for those depositors who maintain a higher balance.

Features

This is an FDIC insured deposit that has deposit tiers. Interest is paid on the full balance in the account at the rate that corresponds to that deposit tier. If the balance falls below the minimum requirement, the rate will be adjusted to the current NOW account rate. The minimum balance that is required to open this account is $1000. All deposits are subject to collection before withdrawal. Interest is compounded daily and credited monthly. Please call for additional details.

Rates

Current rates can be found on our rate sheet.

Statement Savings

This is a savings account for people who don’t like the necessity of carrying their passbook when making deposits or withdrawals. Instead, they prefer to keep track of their transactions in a register, and receive a monthly statement, similar to a checking account. A free ATM card is available which permits 24 hour banking convenience at ATMs everywhere.

Features

This is an FDIC insured deposit. No passbook is required for transactions. The depositor receives a monthly statement of transactions similar to a checking account. Interest on this account is compounded continuously and credited monthly. The depositor is eligible to receive a free ATM card. The minimum balance required to open this account is $10. All deposits are subject to collection before withdrawal. Free telephone banking is available for this account. Please call for additional details.

Rates

Current rates can be found on our rate sheet.

Club Account

Holiday Club and Vacation Club accounts, are structured seasonal savings plans that were originally developed to permit savers to accumulate money for holiday shopping or a planned vacation. The depositor receives a passbook and makes weekly deposits during the term of the club.

Features

This is an FDIC insured deposit. Interest is compounded daily and credited at maturity. Clubs are structured in $1, $2, $5, $10, and $20 increments. Please call for additional details.

Rates

Current rates can be found on our rate sheet.

 

Schoolhouse Bucks

This is the traditional passbook savings account for students where all transactions and balances are entered into a passbook, which many depositors call 'their bank book'.

Features

This is an FDIC insured deposit. The passbook is the depositor’s primary record and should be presented at all transactions. Interest on this account is compounded continuously and credited monthly. The minimum amount required to open this account is $1. The minimum balance required to obtain the Annual Percentage Rate is $1. Your interest rate and annual percentage rate may change at our discretion. Interest begins to accrue on the day you deposit cash/non-cash items. All deposits are subject to collection before withdrawal. There are no monthly service charges on this account. Please call for additional details.

CAMPUS Savings

This is a statement account specifically designed for college students to get cash and keep track of spending with no monthly fee or minimum requirements.

Features

This is an FDIC insured deposit. No passbook is required for transactions. The depositor receives a monthly statement of transactions similar to a checking account. Interest on this account is compounded continuously and credited monthly. The depositor is eligible to receive a free ATM card. The minimum amount  required to open this account is $1. Your interest rate and annual percentage rate may change at our discretion. Interest begins to accrue on the day you deposit cash/non-cash items. All deposits are subject to collection before withdrawal. There are no monthly service charges on this account. Please call for additional details.

 

Fees may reduce earnings on the account.

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE
FOR NON-INTEREST BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). 
Beginning January 1, 2013 all of a depositor's accounts at an insured depository institution, including all
non-interest bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount $250,000 for each deposit insurance ownership category.

For more information about FDIC insurance coverage of non-interest bearing transaction accounts, visit
http://www.fdic.gov/deposit/deposits/unlimited/expiration.html