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Savings

Passbook Savings Accounts

Earn interest on your savings while keeping track of your balance in real-time, without waiting for a bank statement. You can then sit back and relax with the knowledge that your money is safe as your balance grows.

*Features and functionality is limited to view-only with passbook accounts.

Your passbook must be present with each transaction. Please be sure to periodically bring your book into a branch to update it.

 

Effective Date: Wednesday, November 14, 2018

Savings & Checking Rates

Minimum BalanceInterest RateAPY (Annual Percentage Yield)
$250.000.44%0.45%

The minimum balance shown is required to achieve the stated Annual Percentage Yield. All above Annual Percentage Yields are accurate as of today's date. A minimum deposit of $1.00 is required to open Interest/Basic Checking accounts. Additional fees for check printing may apply. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.

Statement Savings Accounts

A Statement Savings account is an interest-bearing account with a convenient quarterly statement and immediate access to your money by ATM, Telephone Banking, or in person at your local Maspeth Federal Savings Bank. Put your money to work and start getting the results you’ve been longing for.

Effective Date: Wednesday, November 14, 2018

Savings & Checking Rates

Minimum BalanceInterest RateAPY (Annual Percentage Yield)
$250.000.44%0.45%

The minimum balance shown is required to achieve the stated Annual Percentage Yield. All above Annual Percentage Yields are accurate as of today's date. A minimum deposit of $1.00 is required to open Interest/Basic Checking accounts. Additional fees for check printing may apply. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.

Money Market

Maximize the advantages of higher interest rates while benefiting from the liquidity of a savings account. Our rate system rewards higher balances with higher returns, so you can watch your investments grow while keeping your assets safe. And, just in case you need to access your funds, you can use a limited number of debits, pre-authorizations or phone transfers per statement cycle.

*Transfers from a Money Market Account to another account or to third parties by check or preauthorized, automatic or telephone transfers are limited to six per month. Excessive checks/debits/ATM withdrawals will result in a per item charge, and may require the closing of the account.

Effective Date: Wednesday, November 14, 2018

Savings & Checking Rates

Minimum BalanceInterest RateAPY (Annual Percentage Yield)
$2,500.000.44%0.45%

The minimum balance shown is required to achieve the stated Annual Percentage Yield. All above Annual Percentage Yields are accurate as of today's date. A minimum deposit of $1.00 is required to open Interest/Basic Checking accounts. Additional fees for check printing may apply. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.

A $2,500.00 minimum balance is required to open a Money Market Account. The following restrictions apply: If the balance on your Money Market Account falls below $2,500.00 a lesser interest rate will be paid than the prevailing interest rate of a Money Market Account with a balance of $2,500.00 or more. If the balance on your Money Market Account falls below $1,000.01 on any given day of a statement cycle a $5.00 fee will be imposed for that statement cycle.

Young Savers Club

Take the first steps together. Open an account that is designed to teach kids and teens under the age of 18 the importance of savings. The Young Savers Club a great place to deposit birthday money, allowances or extra change. Help your kids prepare for the future.

  • Available to children under the age of 18 who can print or sign their name 
  • Kids can take home their very own passbook to watch their savings grow
  • Free opening gift*
  • No fees
  • Access to free Coin Counting Machine

*gifts subject to change.

Effective Date: Wednesday, November 14, 2018

Savings & Checking Rates

Minimum BalanceInterest RateAPY (Annual Percentage Yield)
$1.000.44%0.45%

The minimum balance shown is required to achieve the stated Annual Percentage Yield. All above Annual Percentage Yields are accurate as of today's date. A minimum deposit of $1.00 is required to open Interest/Basic Checking accounts. Additional fees for check printing may apply. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.

Vacation & Holiday Clubs

These seasonal accounts let you save for that exciting vacation or the holiday season. Vacation Clubs usually become available the first week of May each year, and Holiday Clubs usually become available the first week of October each year.

At the end of the club account one-year cycle, the balance in the account, including deposits and accrued interest, will be automatically mailed in the form of a check to the club account holder. Although the account balance is brought to zero you should not throw away the club account passbook. It can be used over and over again. A new club account passbook is not necessary each year.

*Gift quantities limited - styles may vary.

**Limited to transaction history only on passbook accounts.

Effective Date: Wednesday, November 14, 2018

Savings & Checking Rates

Minimum BalanceInterest RateAPY (Annual Percentage Yield)
$5.000.44%0.45%

The minimum balance shown is required to achieve the stated Annual Percentage Yield. All above Annual Percentage Yields are accurate as of today's date. A minimum deposit of $1.00 is required to open Interest/Basic Checking accounts. Additional fees for check printing may apply. Rates are subject to change without notice. Above rates on non-term accounts may change after the account is opened. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.