Passbook Savings Accounts

Maspeth Federal Savings continues to offer a traditional Passbook Savings Account. This savings account provides you with a passbook where your balance is updated each time you deposit, withdraw or receive quarterly interest.

There is a $250.00 minimum to open a Passbook Savings Account.

There are no monthly service fees associated with a Passbook Savings Account and your Passbook Savings Account is eligible to receive Direct Deposits.

Your passbook must be presented when making withdrawals.

Unlimited deposits and withdrawals are permitted.

You can obtain your balance and transaction history from your Passbook Savings Account through our MFS Connect - Telephone Banking System or through our MFS Online Connect - Online Internet Banking System, however you can not make any withdrawals on your Passbook Savings Account on the phone or online. The interest on a Passbook Savings Accounts is compounded continuously and posted quarterly.

The interest is calculated using the Day of Deposit to Day of Withdrawal method.

Passbook transactions can be made at any of our convenient branch locations.

Passbook Savings Accounts are FDIC Insured.

Check our Current Passbook Savings Account Interest Rate here

Please contact us for more information and disclosure statement containing complete details regarding our current fees (if any), charges (if any), terms & conditions.