APY = Annual Percentage Yield

1. Bonus/Account Information: This bonus offer is not available to existing Maspeth Federal Savings customers with an existing checking account, or those whose checking accounts have been closed within 180 days. Maspeth Federal Savings customers with an existing savings account are not eligible for the $400 bonus offer. You can receive only one new checking account opening related bonus per household. CODE / Coupon is good for one-time use. To receive the $300 bonus: 1) Open a new Maspeth Federal Savings Perks Checking or Interest Checking account, which is subject to approval,; AND 2) Have 3 qualifying direct deposits of at least $300 or more made to this account within 120 days of coupon enrollment. A qualifying deposit must be posted at least once a month. Eligible direct deposits include payroll, pension or government benefits (such as social security) from your employer or the government. Ineligible deposit include but are not limited to: Person to Person payments (such as Zelle), account transfers and wires, are not considered direct deposits. To receive the $400 bonus: You must complete steps 1 AND 2 listed above AND 3) Open your first Maspeth Federal Savings Statement Savings, Passbook Savings or Vault Savings account. AND 4) Deposit AND maintain a minimum of $100 for the 120 days offer period. After you have completed all of the above requirements, we'll deposit the bonus in your new checking account in the statement cycle following 120 days after enrollment. To receive this bonus, the enrolled account must not be closed or restricted at the time of payout. Bonus is considered interest and will be reported on IRS Form 1099-INT. Offer availability is subject to change and may be cancelled at any time without notice. Eligibility period is October 15, 2025 - January 31, 2026.

2. The Teen Savings rates are tiered. The Bank pays the stated interest rate and Annual Percentage Yield (APY) only on that portion of the balance within a specified tier. For illustrative purposes, for an account with a balance of $10,000, the bank would pay interest of 9.57% on the first $6,000 and 0.50% on $4,000 (the difference between $10,000 and the first tier cut-off of $6,000).  The APY on the first $6,000 would be 10%. The tiered APY on a balance of $6,000.01 would be 10% and the tiered APY on a balance of $10,000 would be 6.20%.

   The 10.00% Tiered APY is limited to 1 (one) Teen Savings Account per Child, additional savings accounts owned by the same child are subject to the Standard Teen Savings Account Rate of 0.50% APY. The APY may change at any time without notice.

3. Account is joint between parent and child. When the child turns 18, the Teen Savings account will convert to a Statement Savings Account. The parents/guardians from the Teen Savings account will remain as a co-owner of the Statement Savings account unless removed. To remove the co-owner, both account owners will be required to visit a branch to change account ownership.