Your endless vacation starts here
Ready to write your bucket list? Begin saving up for tomorrow’s fun today with a Freedom IRA.
Benefits You’ll Love
- Earn competitive interest on your nest egg
- Better rates than standard savings accounts
- Take the savings further with tax advantages1
- Save for your golden years with tax advantages1
- Earn competitive interest above standard savings rates
- Traditional and Roth IRA options available
- No setup fees, monthly or annual maintenance fees
- Annual contribution limits apply (see current contribution limits; $6,000 as of 2023)1
- Additional $1,000 "catch-up" contribution allowed for ages 50+
- Funds can be used to purchase CDs within IRA
- $1,000 minimum deposit to open
1Consult a tax advisor.
There are advantages to both traditional and Roth IRAs. One of the biggest differences is the time at which you see the most advantage. A traditional IRA provides potential tax relief today, while a Roth IRA has the potential for the most tax benefit at time of retirement.
Traditional IRA
- No income limits to open
- No minimum contribution requirement
- Contributions are tax deductible on state and federal income tax1
- Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
- Withdrawals can begin at age 59½
- Early withdrawals subject to penalty2
- Mandatory withdrawals at age 70½
Roth IRA
- Income limits to be eligible to open Roth IRA3
- Contributions are NOT tax deductible
- Earnings are 100% tax free at withdrawal1
- Principal contributions can be withdrawn without penalty1
- Withdrawals on interest can begin at age 59½
- Early withdrawals on interest subject to penalty2
- No mandatory distribution age
- No age limit on making contributions as long as you have earned income
1Subject to some minimal conditions. Consult a tax advisor.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3Consult a tax advisor.
Help your student prepare for college. A Coverdell ESA provides a safe, tax-free place to build savings early for education expenses — free of setup and annual fees.
- Set aside funds for your child’s education
- No setup or annual fee
- Interest grows tax-free
- Withdrawals are tax-free and penalty-free when used for qualified education expenses1
- Designated beneficiary must be under 18 when contributions are made
- To contribute to an ESA, certain income limits apply2
- Contributions are not tax deductible
- $2,000 maximum annual contribution per child
- The money must be withdrawn by the time he or she turns 303
- The ESA may be transferred without penalty to another member of the family
- No minimum deposit to open
1Qualified expenses include tuition and fees, books, supplies, board, etc.
2Consult your tax advisor to determine your contribution limit.
3Those earnings are subject to income tax and a 10% penalty.
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Use this calculator to determine your projected earnings from our Kasasa Cash account. Move the sliders or type in the numbers to see your potential rewards.
- Estimated Annual Rewards $0
- Estimated monthly interest earned* $0
- Monthly ATM fees refunded**$0
This calculator compares the costs of buying or leasing a vehicle. There are three sections to complete, and you can adjust and experiment with different scenarios.
- Net cost of buying $0
- Net cost of leasing $0
A fixed-rate, fixed-term CD can earn higher returns than a standard savings account. Use this calculator to get an estimate of your earnings. Move the sliders or type in numbers to get started.
- Total value at maturity $0
- Total interest earned $0
- Annual Percentage Yield (APY)0.000%
Whether it's a down payment, college, a dream vacation...a savings plan can help you reach your goal. Use the sliders to experiment based on length of time and amount per month.
- Monthly deposit needed to reach goal $0
This calculator can help you get a general idea of monthly payments to expect for a simple loan. Move the sliders or type in numbers to get started.
- Estimated monthly payment $0
- Total paid $0
- Total interest paid $0
Auto Loans
| Type | Term | APR* | Payment Examples (based on a $10,000.00 loan) |
|---|---|---|---|
| New Car | up to 60 months | 7.24% | $199.15 |
| New Car | 61 to 72 months | 7.49% | $172.85 |
| Used Car | up to 60 months | 7.74% | $201.52 |
| Used Car | 61 to 72 months | 7.99% | $175.28 |
All annual percentage rates are accurate as of 1/24/2023 and are subject to change at any time.
Business Money Market
| Minimum Daily Balance to earn APY1 | Interest Rate | APY | Min. Deposit to Open |
|---|---|---|---|
| $5,000 | 0.00% | 0.00% | $5,000 |
| $25,000 | 0.05% | 0.05% | $5,000 |
| $50,000 | 0.20% | 0.20% | $5,000 |
| $100,000 | 0.75% | 0.75% | $5,000 |
| $250,000 | 1.25% | 1.25% | $5,000 |
Certificates of Deposit (Personal & Business)
| Term | Interest Rate | APY | Minimum Balance |
|---|---|---|---|
| 3 - 5 Months | 0.10% | 0.10% | $1,000 |
| 6 - 11 Months | 0.15% | 0.15% | $1,000 |
| 12 - 17 Months | 0.20% | 0.20% | $1,000 |
| 18 - 23 Months | 0.20% | 0.20% | $1,000 |
| 24 - 35 Months | 0.30% | 0.30% | $1,000 |
| 36 - 47 Months | 0.30% | 0.30% | $1,000 |
| 48 - 59 Months | 0.40% | 0.40% | $1,000 |
| 60 Months and Longer | 0.40% | 0.40% | $1,000 |
The Minimum Opening Deposit and Minimum Balance Requirement is $1,000 for Terms 60 Months or less and $25,000 for Terms 72 Months or greater.
Penalty for early withdrawal.
Credit Cards (Personal & Business)
| Card | APR** | Payment per $1,000 as low as |
|---|---|---|
| Freedom Personal Credit Card | As low as 7.99% | n/a |
| Freedom Business Credit Card | As low as 8.99% | n/a |
* Fee Information -
- No Balance Transfer Fee or Annual Fee
- Cash Advance Fee: $5.00 or 3.00% of the amount of each cash advance, whichever is greater (Maximum Fee: $30.00).
- Foreign Transaction Fee: 1.00% of each transaction in U.S. dollars.
- Late Payment Fee: $25.00 or the amount of the required minimum payment, whichever is less.
- Returned Payment Fee: $15.00 or the amount of the required minimum payment, whichever is less.
** Not all applicants will qualify for the lowest rate.
Home Equity Loans/Lines
| Maximum Term / Type | Loan-to-Value | APR | Payment per $1,000 |
|---|---|---|---|
| Up to 60 months | 80% | 5.75% | $19.22 |
| Up to 60 months | 85% | 6.25% | $19.45 |
| Up to 60 months | 90% | 6.75% | $19.68 |
| Up to 120 months | 80% | 6.50% | $11.35 |
| Up to 120 months | 85% | 6.75% | $11.48 |
| Up to 180 months | 80% | 6.99% | $8.98 |
| Home Equity Line of Credit5 | Up to 85% loan-to-value | 6.75% | n/a |
5 APR is adjusted monthly and based on the Wall Street Journal Prime. Max APR is 18%. Minimum floor rate = 3.50% APR. Property insurance is required.
Individual Retirement Account
| Balance | Rate | APY |
|---|---|---|
| $0-$4.99 | 0.00% | 0.00% |
| $5.00-$2,999.99 | 0.10% | 0.10% |
| $3,000.00-$9,999.99 | 0.15% | 0.15% |
| $10,000.00-$19,999.99 | 0.20% | 0.20% |
| $20,000.00-$49,999.99 | 0.40% | 0.40% |
| $50,000.00-$99,999.99 | 0.40% | 0.40% |
| $100,000.00+ | 0.40% | 0.40% |
Penalty for early withdrawal.
Kasasa Cash*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $15,000 | 2.03% | 2.05% |
| $15,000+ | 0.50% | 2.05% to 0.70% |
| Qualifications not met | 0.05% | 0.05% |
Qualifications
Earning the full rewards is so easy, you're probably already doing it! Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash account during each Monthly Qualification Cycle:
- At least 1 direct deposit, ACH payment, ACH credit, or bill pay transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
If you don't meet the qualifications one month, don't worry. There is no penalty, and you still have a free checking account that earns our base interest rate. Plus, you can get back to earning really high interest and nationwide ATM fee refunds the very next month.
Kasasa Saver*
| Tier | Interest Rate | APY |
|---|---|---|
| 0 - $25,000 | 1.00% | 1.01% |
| $25,000+ | 0.30% | 1.01% to 0.40% |
| Qualifications not met | 0.05% | 0.05% |
Qualifications
Qualifying for Kasasa Cash or Cash Back rewards automatically qualifies you for the highest Kasasa Saver rate too. Enrollments must be in place and all of the following transactions and activities must post and settle to your Kasasa Cash or Cash Back account during each Monthly Qualification Cycle:
- At least 1 direct deposit, ACH payment, ACH credit, or bill pay transaction
- At least 12 debit card purchases
- Be enrolled in and agree to receive e-statements
- Be enrolled in and log into online banking
It's no problem if you miss a qualification cycle. Both accounts are still free. And you can get back to earning rewards the very next month you qualify.
Money Market
| Balance | Interest Rate | APY |
|---|---|---|
| $0.00 - $24,999.99 | 0.05% | 0.05% |
| $25,000.00 - $49,999.99 | 0.10% | 0.10% |
| $50,000.00 - $249,999.99 | 0.15% | 0.15% |
| $250,000.00 and Greater | 0.20% | 0.20% |
Personal Loans
| Credit Score | APR* |
|---|---|
| 720+ | as low as 10.49% |
| 719-690 | as low as 11.99% |
| 689-670 | as low as 12.49% |
| 669-640 | as low as 14.99% |
| 639-600 | as low as 16.99% |
*ANNUAL PERCENTAGE RATE (APR) varies according to credit history of applicant(s). All loans are subject to approval. Late payment fee is 5% of payment amount when more than 7 days late. Some restrictions apply. Rates are subject to change without notice.
Savings Accounts
| Account | Minimum Opening Deposit | Interest Rate | APY |
|---|---|---|---|
| Freedom Savings | $1 | 0.05% | 0.05% |
| Texas Teen Savings | $5 | 0.05% | 0.05% |
| Business Basic Savings | $1 | 0.05% | 0.05% |