Index Checking lets you earn a high market-level rate of up to 1.00% APY* using a tiered dividend method. Index Checking includes a free VISA® Debit Card that you can use in stores and at ATMs worldwide.



Index Checking is not for everyone. You must maintain a minimum average daily balance of $25,000 and make 10 or more purchases using your Freedom First debit card each month. 

Other great features of Index Checking

*Annual Percentage Yield (APY). For Index Checking, the dividend rate used will be based on the account ADB and the dividend rate applicable for only that ADB tier. For example, if the account ADB is $150,000 for the month, the first $100,000 will be paid a dividend at the Tier 1 rate and the second $50,000 will be paid a dividend at the Tier 2 rate. For Index checking, if the average daily balance (ADB) falls below $25,000 or if you do not make ten (10) or more purchases using your Credit Union Debit Card that post to your Index Checking Account each calendar month (excludes ATM transactions), the Dividend Rate and terms for Optimum Checking will apply. A $25,000 minimum balance is required for the Index Checking to avoid a fee and obtain the stated APY. See Freedom First’s Consumer Fee Schedule  and Current Rates for details.

Dividend rates are variable and subject to change after the account is opened. Fees may reduce earnings on the account.


Open an Account Today!

If you live, work, worship, or go to school in the counties of Botetourt, Craig, Franklin, Montgomery, or Roanoke, or in the cities of Roanoke, Radford, and Salem you can join Freedom First!



Every Freedom First checking account comes with a free VISA debit card. And now you can protect yourself and your accounts even more with custom usage and access settings from the free CardValet app on your mobile device.

Download the CardValet app and you can:

  • Set spending limits and monitor what spending is for, such as gas, hotel, travel, restaurants, or groceries.
  • Turn access on/off based on your settings or on demand. This control can be used to disable a lost or stolen card.
  • Restrict transactions to certain locations or within a certain range using your mobile device's GPS.
  • Receive alerts when your card is used, when a transaction is approved, or when an attempted card transaction is declined.

With CardValet on your mobile device, you can conduct limited card-related transactions wherever you are, any time of the day, including real-time balance inquiries and locating ATMs.

Watch the video and learn how to set and use controls on the CardValet app.

Download the app today while on your mobile device. From your desktop you can view the apps.