[b4freedom]

You don't need a freedom account. Basically, a freedom account is just another tool that an institution uses to help overspenders save for those big purchases at the end of the year. It's a nice concept, but what is your return? What is your return on investment? Is it high or low? My local bank calls them "Christmas Accounts". You decide how much you're going to spend on Christmas and then the bank sets that money asside for you. However, the interest rate is around 1.5%. That sucks for two reasons: 1) It's below the rate of inflation. 2) I can do better.

To summerize: Open an online savings account (like ING or HSBC) and set it up to automatically withdraw a specific amount. You'll have more money for Christmas.