Digital Banking

Freedom Bank of Virginia intros digital checking account

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December 22, 2022

The Freedom Bank of Virginia has introduced a Freedom2Earn interest checking account for consumers and business clients. The account offers a higher interest rate for fully digital clients with account opening, online transaction activity and information reporting, according to a press release.

"We set out to create a product that meets the needs of both consumer and business clients who seek to put their operating cash and savings to work for better returns," Joe Thomas, president and CEO of Freedom Bank, said in the release. "As the Federal Reserve increases interest rates, clients deserve better than the sub-par returns on their hard-earned cash provided by the mega banks. With the Freedom2Earn product, we were able to couple our commitment to high tech and high touch to help individuals and businesses meet their financial goals. This superior product offers an above market interest rate and the ease and convenience of online account opening while still delivering the personalized client support and relationships Freedom Bank is known for."