150
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
JC
JC

Chuck

They lowered the rate on the savings portion of the account to 0.50% effective October 01, 2021. So the checking earns 1% on up to $25,000 while the savings earns 0.50% on up to $50,000.

For anyone who kept the account for the 1% on up to $75,000 because there were few other good options, the account is now worthless. Way too time consuming for an extra $125 in the checking compared to most other savings accounts.

TD
TD

$15 dormant account fee PER MONTH after 6 months! I got them to refund overdraft fees caused by these fees being assessed, but not the fees themselves. I should have just closed the account after the rate went down.

Dave
Dave

This bank has a “close account” form available for download:
https://www.libertysavingsbank.com/ContentDocumentHandler.ashx?documentId=2606

Mark W
Mark W

Closure report: I transferred the full balance of the Liberty savings account to Liberty checking, then initiated an ACH pull from another bank to drain the Liberty checking balance to 0. After that, I sent an email to Freedomline@Libertysavingsbank.com (apparently Liberty doesn’t have secure messaging?) asking them to close both accounts, and they told me to call because they didn’t see my accounts. I called and was told I can only close accounts in writing, but then the phone agent looked for my account and said she could close my accounts since they both had a balance of 0. But THEN I got an email stating they would need me to email them a copy of my driver’s license and a request to close both accounts. I don’t feel comfortable sending an image of my driver’s license via unencrypted plaintext email, so I guess I’m going to have to snail mail them a letter to close two accounts that are already at 0 balance. Annoying and archaic.

Dave
Dave

Good info Mark. Did they close your accounts after the snail mail?
Looking forward to my six-month mark next week.

Mark W
Mark W

I haven’t received confirmation yet, but I can’t imagine they won’t close it.

Mark W
Mark W

Not that this is relevant for much longer anyway, but I got an answer from Liberty Savings Bank about why the interest rate in the account dashboard shows as “0.5%” even if you’ve met the transaction requirements for the month already:

“The Big Interest Checking account will always display the base rate. In order to confirm the rate earned on the account you would view that on your electronic statement.”

So basically the interest rate on the dashboard is completely meaningless/worthless.

gina
gina

That’s a bummer! I wanted to know if Amazon ran as a non-debit worked since it won’t let me run it as a debit!

Jason the Gentleman Bear
Jason the Gentleman Bear

Yea, I was about to sign up today and it appears to be 1% now.

Andrew Knoch
Andrew Knoch

They changed the rate to a lousy 1% after I joined this month. Will be closing account.

Dave
Dave

$50 early termination fee per account if less than six months

Dave
Dave

Can anyone see your full account number on their site?
I see the last four digits (on the statements also)..

gina
gina

Amazon won’t let me register their card as a debit card. Anyone else with the problem or solution? The option to process as debit it not there and I’ve already chatted with 3 different amazon associates. I have 2 cards and they both are doing the same. Thanks!

Mark W
Mark W

Has anyone seen their interest rate move from 0.05% on the Account Information dashboard. Even after making 12 debit purchases (days ago) it still says “0.05%”…

gina
gina

How did you get it to register as debit? Mine will only show credit card and the option for debit is not available on these cards.

TD
TD

I’m wondering the same thing. None of the debit Mastercards in my Amazon acct offer that option anymore.