Freddy \f-reddy, fr(ed)-dy\ as a girl's name (also used as boy's name Freddy), is a variant of Alfreda (Old German, Old English), Elfrida (Old English, Old German), Frederica (Old German) and Winifred (Welsh, Old English), and the meaning of Freddy is "elf or magical counsel; elf, magical being strength; peaceful ruler; holy, blessed reconciliation; joy and peace".

The baby name Freddy sounds like Fredy, Freddi, Freddey and Fredda. Other similar baby names are Freeda, Fredi, Freddie, Freda, Fred, Freyde, Freyda, Frydda, Freida, Freada, Fredie, Fredia and Freddee.