Liberty Bank review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Liberty Bank is a US bank for savers who want easy access to money and a variable rate on deposit rather than a cheap everyday account. It suits people who value FDIC protection and branch or ATM access, and less anyone who wants no monthly charge. Its savings rate runs 0.1% to 0.4%.
Key facts
- Best for
- US savers who want FDIC protection and easy access to their money.
- Monthly fee
- $10↗
- Licence type
- Bank↗
- Deposit protection
- FDIC up to USD 250,000↗
- Local account details
- Us-ACH↗
- Transfer fee
- Free↗
- Legal entity
- Liberty Bank for Savings↗
- Headquarters
- United States↗
- Founded
- 1898↗
- Support channels
- Phone, Email, Help-centre, Community↗
- Audience
- Business, Teens
- Features
- Free ATM withdrawals
- Official website
- libertybank.com
Savings
Money transfer
Facts checked September 26, 2026, 6 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- LinkedInfacebook.cominstagram.com
Pros and cons
Pros
- A variable savings rate of 0.1% to 0.4% with daily compounding and monthly interest payments
- Deposits carry FDIC up to USD 250,000 through the FDIC
- Easy access to funds in person, at ATMs and online, with an ATM card included
- Support runs on phone, email and help centre
Cons
- The checking account charges a monthly fee of $10
- The savings account needs a minimum deposit of $500
- The savings rate is variable, so it can move with the variable rate the bank sets
Who it suits
- People in the US who want their savings held at a bank with FDIC up to USD 250,000
- Savers who need ATM and in-person access to money on easy access terms
- Small business owners who keep company money in a savings account
Who should look elsewhere
- Anyone who wants a free everyday account, as $10 is charged every month
- People saving less than $500, who fall below the savings minimum
- Readers who want a guaranteed rate, because variable interest can fall
Deposit protection
Liberty Bank holds a bank licence and its deposits carry FDIC up to USD 250,000. The FDIC is the US regulator listed for the bank, under FDIC cert 29009, and NMLS is also listed for the business, under 787575. Because it is a bank rather than an e-money provider, the money sits with an institution that holds deposits rather than holding them in a safeguarded wallet.
The company behind it
The legal entity is Liberty Bank for Savings, based in the United States and trading as Liberty Bank. It was founded in 1898, so it has a long record rather than being a new entrant. Support runs on phone, email and help centre, and the licences on record are FDIC cert 29009 and 787575. Customers are listed as business and teen.
How Liberty Bank compares
9.1 vs 8.7
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9.1 vs 9.0A monthly fee of €0 keeps the running cost lower, though it is not a bank with FDIC up to USD 250,000.
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Where Liberty Bank is available
- Available
- United States
- Licence in United States
- FDIC (FDIC cert 29009), checked September 26, 2026
- Licence in United States
- NMLS (787575), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the monthly fee?+
The checking account charges a monthly fee of $10. That is well above the site median of €0, so this is not the pick for anyone shopping purely on running cost.
Are my deposits protected?+
Yes. Deposits carry FDIC up to USD 250,000, under licence FDIC cert 29009. Liberty Bank is licensed as a bank, so the money is held by a bank rather than an e-money wallet.
What interest does the savings account pay?+
The savings rate runs 0.1% to 0.4% and is variable, so it can change. Interest compounds daily and is paid monthly, and the account is easy access rather than tied for a fixed term.
How much do I need to open the savings account?+
The minimum deposit is $500. Anyone starting with a smaller sum needs another account until they clear that level.
What is it like to withdraw money?+
Access is easy: the account allows in-person, ATM and online access to funds, and an ATM card is included. That suits people who may need cash at short notice rather than a locked fixed deposit.
Are ATM withdrawals free?+
Free ATM withdrawals are listed as a feature, so the cost of taking cash out is limited. The rest of the checking account still carries a monthly fee of $10.
Is sending money expensive?+
Transfers through Zelle are free, and the transfer fee works out at $0. Delivery is quoted as Minutes, and payouts go to a bank account.
How do I get help?+
Support runs on phone, email and help centre. That gives a choice of routes, including phone and email, which helps if a savings or payment question needs a written answer.
Which markets does it serve?+
The bank is based in the United States and lists business and teen as its customers. Accounts are set up around us ach rather than a single global market.
Sources
- banks.data.fdic.gov/bankfind-suite/bankfind/details/29009 checked September 26, 2026
Backs: Deposit protection, Headquarters, Legal entity, Licence type, Licences
“CERT=29009; NAME=Liberty Bank for Savings; WEBADDR=libertybank.com; ACTIVE=1”
- libertybank.com checked September 26, 2026
Backs: Founded, Local account details, Support channels
“a conscious decision by the Bucktown residents who founded Liberty Bank in 1898”
- libertybank.com/business checked September 26, 2026
Backs: Audience
“we've designed a Business Checking Account specifically for SMB owners”
- libertybank.com/checking/liberty checked September 26, 2026
Backs: Monthly fee
“Liberty Checking: $10 per month. WAIVED IF AVERAGE DAILY BALANCE IS AT LEAST $200 OR $5,000 IN TOTAL DEPOSIT BALANCES OR WITH A RECURRING DIRECT DEPOSIT EACH MONTH”
- libertybank.com/debit-cards checked September 26, 2026
Backs: Features
“withdraw cash at thousands of surcharge-free MoneyPass ATMs”
- libertybank.com/savings/statement checked September 26, 2026
Backs: Access terms, Account kind
“With a simple monthly statement, daily compound interest, and in-person, ATM, and online access to funds, your Statement account makes saving easy.”
- libertybank.com/wp-content/uploads/2021/01/Retail-Rate-Sh... checked September 26, 2026
Backs: Headline rate, Minimum deposit, Rate type
“Passbook Savings & Statement Savings $500 ... 0.10% 0.10% ... 0.40% 0.40% ; Annual Percentage Yields (APYs) are accurate as of September 22, 2026”
- libertybank.com/zelle checked September 26, 2026
Backs: Delivery time, Payout methods, Transfer fee, Fee to send 1,000
“Money is available to your recipient in minutes if they are already enrolled with Zelle”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Currency conversion fee, Currencies.
Related by the facts
Liberty Bank
US savers who want FDIC protection and easy access to their money.