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Liberty Savings Bank Review

9X higher APY than the national average

Reviews 6,292
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Reviews 6,292
Michael Graw
Nov. 15, 2022
3 min read
Michael Graw
Liberty Summary
Liberty Savings Bank is a Florida-based community bank founded in 1889. It offers no-fee checking accounts that offer up to 1.00% APY interest and no-fee savings accounts that offer up to 1.06% APY. There is no minimum balance required for free checking accounts. Liberty Savings Bank offers online and mobile banking, and has 5 branches and a network of more than 55,000 free ATMs.


  • Up to 1.06% APY interest
  • 55,000 nationwide fee-free ATMs
  • No minimum balance required for free checking account


  • Only 5 physical branches
  • Requires 12 transactions per month to qualify for high interest

Liberty at a glance

Editorial score


Most products are fee free


FDIC insured, SSL/AES encryption and supports 2 factor and biometric authentication

Customer service

Early morning, evening and weekend service with multiple communication options and a dedicated fraud team

Online experience

Excellent user friendly site with transparency of rates and full online banking capabilities

Mobile experience

Excellent mobile app with all mobile banking features enabled, including digital check deposits

Liberty Liberty Visit Liberty Savings Bank

Advantages Over Traditional Banks

Liberty Savings Bank offers no-fee checking accounts with up to 1.00% APY interest for qualifying account holders. To qualify, you must enroll in electronic statement delivery and make at least 12 transactions per month from your checking account. You can earn 1.00% APY on up to $25,000 and up to1.06% APY on all additional cash in your account. There is no minimum deposit for checking accounts.

The bank also offers savings accounts with up to 1.05% APY interest. You must keep a minimum balance of $10,000 or make at least one transaction per year to avoid a service fee on your savings account.

Cutting-Edge Banking Services

Liberty Savings Bank makes it easy to send funds and manage your account through an online portal or the bank’s free mobile app. You can also pay bills instantly from your checking account and deposit checks using the mobile app. Liberty Savings Bank enables you to search, sort, and tag your transactions to help you organize your finances.

Traditional Banking Services

Liberty Savings Bank offers certificates of deposit (CDs), credit cards, and mortgage loans for new and existing customers. The bank also has business checking and savings accounts and credit cards. All checking accounts include a Mastercard debit card, and you can access a network of 55,000 Allpoint ATMs for free.

Interest Rates and Fees

Liberty Savings Bank offers 3 checking accounts: Free Checking, Big Interest Bundle, and Big Interest Gold Bundle. The Free Checking and Big Interest Bundle accounts are free, while the Big Interest Gold Bundle costs $4 per month. None of the 3 accounts have minimum balance requirements.

All checking accounts offer 1.00% APY for the first $25,000 in your account. All funds beyond $25,000 receive 0.50% APY. To qualify for these rates, you must enroll in electronic statement delivery and make at least 12 transactions per month from your account. If you don’t meet these requirements, you will receive interest at 0.05% APY.

The Liberty Savings Bank savings account costs $15 per month if you have less than a $10,000 balance or do not make a transaction for 12 months. The savings account offers 0.50% APY interest.

Monthly FeeMinimum BalanceInterest (APY)
Free CheckingNoneNone1.00% on first $25,000, then 0.50%*
Big Interest BundleNoneNone1.00% on first $25,000, then 0.50%*
Big Interest Gold Bundle$4/monthNone1.00% on first $25,000, then 0.50%*
Savings account$15/monthNone ($10,000 to waive monthly fee)1.06%

*Must enroll in electronic statements and make 12 transactions per month

Customer Service and Online Experience

You must visit a Liberty Savings Bank branch or call customer support to open a new account. You can manage your account through the bank’s online portal or mobile app. An online knowledge base covers the basics of using the online portal. It’s very easy to use, and you can transfer funds or set up online bill pay in seconds.

Liberty Savings Bank has an A- rating with the Better Business Bureau.

Mobile App

Liberty Savings Bank offers a free mobile app for iOS and Android. The app enables you to monitor your account balances, transfer funds, and pay bills instantly. It also supports mobile check deposits and lets you sync accounts from other banks. If your debit card is ever lost or stolen, you can lock it using the mobile app.


Liberty Savings Bank protects clients’ online accounts with 2-factor authentication as well as 256-bit AES and SSL encryption. The bank does not have a dedicated fraud team but does provide online resources to help if you suspect you are a victim of fraud. All Liberty Savings Bank accounts are FDIC insured.


Liberty Savings Bank is a Florida-based bank that offers fee-free checking accounts with interest up to 1.00% APY on your first $25,000. There’s no minimum deposit required to open or maintain an account. You can also add a savings account with 1.06% APY. Liberty Savings Bank offers a network of 55,000 nationwide ATMs for free. You can manage your account online or through the Liberty Savings Bank mobile app.


This review was created using information from the Liberty Savings Bank website.

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Michael Graw
Written by
Michael Graw
Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎
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