Hero’s Reward Program

We believe that actions speak louder than words when it comes to showing our appreciation for the sacrifices made by our military community. That's why we've created the Hero's Rewards Program, which is exclusively designed to cater to the financial needs of our military and veteran members. Stay vigilant for the full array of benefits that the Hero’s Rewards Program will unveil. We're committed to enriching the financial lives of those who serve.

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Eligibility

Eligibility

  • Members must be active duty, reserve, national guard, veterans, or retired military members to be eligible.
  • Verification of military status requires a Military ID, Retirement ID, DD214 Documents, or Pay Stubs for Military Pay.
  • Membership eligibility and account qualification requirements apply
  • Your account must be in good standing without delinquencies or negative balances.
  • Approval based on creditworthiness and military affiliation. Terms and conditions apply.
Perks

Perks

  • Enhanced Interest Rates: Receive a significant 1% rate increase on all CDs, ensuring your savings not only grow but thrive.
  • Exclusive Loan Discount: Enjoy a substantial 1% discount on loan rates, making financing more accessible for your personal and family needs.

  • More empowering features of the Hero’s Rewards Program are on the horizon. Stay tuned for a full deployment of benefits designed to honor your commitment.

MiLOC

Hero’s Reward CD Rates

Lock in higher returns for your future with CD rates that go above and beyond for those who’ve done the same for our country. Discover flexible lending that adapts to your ambitions and supports your financial freedom.

Certificate of Deposit - Specials
Effective Date: Friday, December 1st, 2023
TermMinimum BalanceInterest RateAPY*Military RateMilitary APY
9-Month $500.00 4.746% 4.850% 5.6990% 5.850%
13-Month Special $500.00 4.505% 4.600% 5.4620% 5.600%
18-Month Special $500.00 4.602% 4.700% 5.5560% 5.700%
*APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage.
*Penalties for early withdrawal may apply. Offer subject to change at any time without notice.
*MILITARY APY: Qualified Military Members receive a 1% rate increase on all CDs, excluding iSave. Eligible members include Active Duty, Veterans, and Retirees. APY = Annual Percentage Yield.
*Military Status Verification: For non-members wishing to avail the military rate, verification of military status is required. Acceptable proof includes: Military ID, Retirement ID, Paystubs for Military Pay, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply.

Certificates of Deposit
Effective Date: Friday, December 1st, 2023
TermMinimum BalanceInterest RateAPY*Military RateMilitary APY**
Save to Win (1 year) $25.00 2.960% 3.000% 3.9280% 4.000%
iSave Youth (1 Year) $25.00 2.960% 3.000% 2.9600% 3.000%
Six Month $500.00 2.472% 2.500% 3.4460% 3.500%
One Year $500.00 2.960% 3.000% 3.9280% 4.000%
Two Year $500.00 3.057% 3.100% 4.0250% 4.100%
Three Year $500.00 3.154% 3.200% 4.1210% 4.200%
Four Year $500.00 3.300% 3.350% 4.2660% 4.350%
Five Year $500.00 3.445% 3.500% 4.4100% 4.500%
*APY = Annual Percentage Yield. APY is the total amount of dividends paid on an account, based on the dividend rate and the frequency of monthly compounding for a 365-day period, and expressed as a percentage.
**MILITARY APY: Qualified Military Members receive a 1% rate increase on all CDs, excluding iSave. Eligible members include Active Duty, Veterans, and Retirees. APY = Annual Percentage Yield.
Military Status Verification: For non-members wishing to avail the military rate, verification of military status is required. Acceptable proof includes: Military ID, Retirement ID, Paystubs for military pay, or DD214 (Certificate of Release or Discharge from Active Duty). Terms and conditions apply.

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VA Mortgage Loans

Hero’s Lending Advantage

We are proud to announce as a token of our appreciation for the heroic acts of our country's defenders, we are offering a 1% Discount on consumer loans. This is our way of giving back to those who risk their lives to protect our nation. As a Hero, you are entitled to this discount on the following consumer loans:

  • Auto Loan
  • Boat, RV’s, Motorcycle, ATV’s
  • Home Equity Line of Credit
  • Personal Loan

New or Used Vehicles
Effective Date: Friday, December 1st, 2023
Model YearTermAPR* As Low AsMilitary APY**
New & Used Vehicle Up to 36 Months 6.240% 5.240%
  Up to 60 Months 6.490% 5.490%
  Up to 72 Months > $15k 6.740% 5.740%
  Up to 84 Months > $25k 7.490% 6.490%
  Up to 96 Months > $30k 7.740% 6.740%
*APR=Annual Percentage Rate. Rate is “as low as” and may change based on credit history, term, and other determining factors. The “as low as” rate of 6.24% APR includes discounts for Payment Protection coverage OR active checking with a full payroll direct deposit of $1,100 per month. Payment example: A loan of $15,000 at 6.24% APR for 60 months would have a monthly payment of $291.71. Some restrictions apply. See lender for details. Rate is subject to change at any time without notice. Equal Opportunity Lender.
**MILITARY RATE DISCOUNT: Loan rates will vary based on qualifying criteria such as credit score, collateral, term, and loan type. Rate adjustments are available for all active duty military, veterans, reservists, and retirees. Verification of military affiliation is required to receive rate adjustments. Rates are subject to change at any time without notice. Equal Opportunity Lender.
For additional terms, please contact our Lending department at 586-466-7800 opt. 3

EXPLORE MORE RATES
 
 

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How Do I Get Verified?

If you are not a member yet simply click the button below to join online, or schedule an appointment to visit one of our branches. If you are already a FreeStar Financial member please visit of of our locations to get verified as a military member in person.

Become a Member          Find a Branch         

Need assistance?  Call 586-466-7800 opt. 7.
Rates subject to change.

Veteran Resources

Effective May 1, 2014 veterans that have an honorable discharge (with the VA form DD214) can apply at the Secretary of State to have the “Veteran” designation added to their state ID or driver license.  Having this designation on their ID allows veterans to receive discounts available to them with ease as well as get them in contact with services that are only available to veterans. Please visit the Secretary of State’s website for more information.

Make a decision to start saving today by checking out the link below for Military Saves Week, the last week in February. Don't wait to start saving for your future. It begins with a small step today!

America Saves

Senate bill 352 recently passed says: (1) Real property used and owned as a homestead by a disabled veteran who was discharged from the armed forces of the United States under honorable conditions or by an individual described in subsection (2) is exempt from the collection of taxes under this act.

See if you qualify

U.S. Senator Gary Peters

Senator Gary Peters offers federal assistance to Michigan veterans by calling his Detroit office at 884-506-7420 or visit peters.senate.gov/services/help-with-a-federal-agency

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