.20201228150347.svg)
How Banks Are Building Trust with Customers in 2024
Apr. 26, 2024
What Is a Savings Account and How Does it Work?
Apr. 26, 2024
How to Choose the Right Online Bank for You
Apr. 26, 2024
This site is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site, which may impact the location and order in which brands (and/or their products) are presented, and may also impact the score that is assigned to it. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time
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.
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.
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.
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 Fee | Minimum Balance | Interest (APY) | |
| Free Checking | None | None | 1.00% on first $25,000, then 0.50%* |
| Big Interest Bundle | None | None | 1.00% on first $25,000, then 0.50%* |
| Big Interest Gold Bundle | $4/month | None | 1.00% on first $25,000, then 0.50%* |
| Savings account | $15/month | None ($10,000 to waive monthly fee) | 1.06% |
*Must enroll in electronic statements and make 12 transactions per month
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.
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.
