The Freedom Bank of Virginia
Branches
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The Freedom Bank of Virginia Locations
Deposit Rates - May 25, 2022
SAVINGS RATES | APY | MIN | |
---|---|---|---|
Savings
|
0.10% | $2,500 | Compare |
CD RATES | APY | MIN | |
---|---|---|---|
6 Mo CD
|
0.55% | $10,000 | Compare |
6 Mo CD
|
0.55% | $100,000 | Compare |
12 Mo CD
|
0.65% | $10,000 | Compare |
12 Mo CD
|
0.65% | $100,000 | Compare |
18 Mo CD
|
0.65% | $10,000 | Compare |
18 Mo CD
|
0.65% | $100,000 | Compare |
24 Mo CD
|
0.70% | $10,000 | Compare |
24 Mo CD
|
0.70% | $100,000 | Compare |
36 Mo CD
|
0.75% | $10,000 | Compare |
36 Mo CD
|
0.75% | $100,000 | Compare |
48 Mo CD
|
0.80% | $10,000 | Compare |
48 Mo CD
|
0.80% | $100,000 | Compare |
60 Mo CD
|
0.85% | $10,000 | Compare |
60 Mo CD
|
0.85% | $100,000 | Compare |
MM RATES | APY | MIN | |
---|---|---|---|
Money Market
|
0.05% | $2,500 | Compare |
Money Market
|
0.10% | $10,000 | Compare |
Money Market
|
0.15% | $25,000 | Compare |
FIXED IRA RATES | APY | MIN |
---|---|---|
Fixed IRA
|
0.65% | $1 |
INT CHECKING RATES | APY | MIN |
---|---|---|
Int Ckg
|
0.05% | $1 |
Int Ckg
|
0.05% | $2,500 |
Featured Home Equity Rates
-
Sponsored
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FIXED rates from 3.50% APR*. HELOC up to $400K. Funding as fast as 5 days $0 -
New American Funding
NMLS ID: 6606 / Updated 2022-05-25Access Your Home’s Equity with a Cash-Out Refinance $0 -
Intro APR: 3.490 %
After Intro:4.500 %
Intro Period: 12 months
$25,000 - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Featured 30-Year Fixed Mortgage Rates
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Sponsored
-
Mutual of Omaha Mortgage, Inc.
NMLS ID: 10258944.487% $1,249 Fees & Points $3,312 Total
0.125 Pts ($312)
$3,000 Fees -
Magnolia Bank
NMLS ID: 4230284.826% $1,305 Fees & Points $2,188 Total
0.875 Pts ($2,188)
$0 Fees -
Owning.com
NMLS ID: 26114.686% $1,278 Fees & Points $3,255 Total
1.000 Pts ($2,500)
$755 Fees -
4.957% $1,324 Fees & Points $2,362 Total
0.547 Pts ($1,368)
$995 Fees -
Zillow Home Loans, LLC
NMLS ID: 102874.684% $1,286 Fees & Points $1,708 Total
0.343 Pts ($858)
$850 Fees -
Quicken Loans NMLS #3030
NMLS ID: 30305.990% $1,479 Fees & Points $3,125 Total
0.750 Pts ($1,875)
$1,250 Fees -
Rocket Mortgage
NMLS ID: 30305.509% $1,400 Fees & Points $3,750 Total
1.000 Pts ($2,500)
$1,250 Fees -
6.100% $1,498 Fees & Points $2,955 Total
0.864 Pts ($2,160)
$795 Fees -
Owning.com
NMLS ID: 26114.686% $1,278 Fees & Points $3,255 Total
1.000 Pts ($2,500)
$755 Fees -
CHASE
NMLS ID: 3997985.693% $1,440 Fees & Points $1,870 Total
0.748 Pts ($1,870)
$0 Fees -
New American Funding
NMLS ID: 66065.011% $1,324 Fees & Points $3,902 Total
0.909 Pts ($2,272)
$1,629 Fees -
First Internet Bank
NMLS ID: 4241824.820% $1,305 Fees & Points $2,032 Total
0.813 Pts ($2,032)
$0 Fees -
4.552% $1,267 Fees & Points $1,528 Total
0.611 Pts ($1,528)
$0 Fees -
Interstate Home Loan Center, Inc
NMLS ID: 563154.567% $1,267 Fees & Points $1,958 Total
0.783 Pts ($1,958)
$0 Fees -
Mutual of Omaha Mortgage, Inc.
NMLS ID: 10258944.487% $1,249 Fees & Points $3,312 Total
0.125 Pts ($312)
$3,000 Fees -
Magnolia Bank
NMLS ID: 4230284.826% $1,305 Fees & Points $2,188 Total
0.875 Pts ($2,188)
$0 Fees -
AmeriSave Mortgage Corporation
NMLS ID: 1168Fees & Points Total
Pts ($0)
$0 Fees - Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Click here for more information on rates and product details.
Overview 2022
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 57184 |
Date Established | 2001 |
Assets | $ 877.77 million |
Loans | $ 609.18 million |
Deposits | $ 704.96 million |
Capital | $ 101.31 million |
Summary Balance Sheet
ASSETS | |
Cash & Balances due from depository institutions | $ 34.23 million |
Interest-bearing balances | $ 31.36 million |
Total securities | $ 189.55 million |
Federal funds sold and reverse repurchase | N.A. |
Net loans and leases | $ 609.18 million |
Loan loss allowance | $ 6.49 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | N.A. |
Goodwill and other intangibles | N.A. |
All other assets | $ 40.98 million |
Total Assets | $ 776.46 million |
LIABILITIES | |
Total deposits | $ 704.96 million |
Interest-bearing deposits | $ 479.53 million |
Deposits held in domestic offices | $ 704.96 million |
% insured (estimated) | 46.73% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | $ 61.09 million |
Subordinated debt | N.A. |
All other liabilities | $ 10.41 millionn |
Total Liabilities | $ 776.46 million |
Shareholders’ Equity | $ 101.31 million |
Summary Income Statement
INCOME AND EXPENSES | |
Total Interest Income | $ 31.56 million |
Total Interest Expense | $ 2.95 million |
Net interest income | $ 28.60 million |
Provision for loan and lease losses | $ 0.84 million |
Total non interest income | $ 9.72 million |
Total non interest expense | $ 23.60 million |
Pre-tax Net Operating Income | $ 13.88 million |
The Freedom Bank of Virginia is an FDIC insured institution headquartered at
10555 Main Street, Fairfax, VA 22030.
It was founded in
2001 and has approximately $1 billion in
assets. Customers can open an account at one of its 3 branches.
Customer Reviews for The Freedom Bank of Virginia
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankVIRGINIA$50,0006 Month0.55%2.05x (National Avg. - 0.27%)$10,000-SCENARIO
Year Rate
0.55%Annual
InterestAnnual Interest
(After Tax)1 50,000 275 193 2 50,275 277 194 3 50,552 278 195 4 50,830 280 196 5 51,109 281 197 6 51,390 283 198 7 51,673 284 199 8 51,957 286 200 9 52,243 287 201 10 52,530 289 202 11 52,819 291 203 12 53,110 292 204 13 53,402 294 206 14 53,695 295 207 15 53,991 297 208 16 54,288 299 209 17 54,586 300 210 18 54,886 302 211 19 55,188 304 212 20 55,492 305 214 TOTAL $5,797 $4,058 - 2ONLINE CDOnline Bank-$50,00012 Month1.30%3.22x (National Avg. - 0.40%)$5,000-SCENARIO
Year Rate
1.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 650 455 2 50,650 658 461 3 51,308 667 467 4 51,975 676 473 5 52,651 684 479 6 53,336 693 485 7 54,029 702 492 8 54,731 712 498 9 55,443 721 505 10 56,164 730 511 11 56,894 740 518 12 57,633 749 524 13 58,383 759 531 14 59,142 769 538 15 59,910 779 545 16 60,689 789 552 17 61,478 799 559 18 62,277 810 567 19 63,087 820 574 20 63,907 831 582 TOTAL $14,738 $10,317
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