Business Savings
The interest-bearing partner to your business checking account.
Get your hard-earned business income working a little harder for you. Make deposits or withdrawals as needed. Accrue interest daily.
Features & Benefits
Competitive interest rates and quarterly postings
Unlimited deposits and withdrawals
- No cash transaction fees
Free online business banking
Free 24/7 telephone banking
Direct deposit option
Free ATM card with contactless technology
Surcharge-free* access to over 95,000 ATMs within the Allpoint and MoneyPass networks, including participating ATMs at CVS, Rite Aid, 7-Eleven, Target and Walgreens
Unlimited use of Maspeth Federal Savings ATMs
Business Savings Rates
Effective Date: 10/21/2024
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance |
|---|---|---|
| 0.49% | 0.50% | $100.00 |
View Rate Disclosure
You must deposit $250.00 to open this account. The minimum balance shown is required to achieve the stated Annual Percentage Yield (APY). Above APY is accurate as of today's date. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day. Applicable fees could reduce earnings on account. Please ask one of our customer service representatives for further information regarding the fees (if any), terms and conditions for the above-mentioned account. Disclosure statements are available at all branch locations. FDIC Insured.
*While we don’t charge a fee for use at another bank’s ATM, other banks may charge a fee. International fees may apply. See Business FAQs for required documentation to open an account.
Business Checking
Get everything you want in a business checking account and nothing you don't. No minimums. No service fees. No transaction limits.
Commercial Real Estate
Find a range of commercial lending loans backed by in-house service – and see what makes us a trusted commercial lender in Queens and Long Island.
Services and resources
What's it like to Bank Maspeth?
See what our members have to say.
"Maspeth Federal Savings is a family-owned business just like my locally owned family business, so I appreciate the excellent service provided at the Fresh Pond Road Ridgewood branch."
- Craig A.
