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Savings and Checking Rates

Effective Date: Sunday, October 21, 2018

Savings & Checking Rates

TypeMinimum BalanceInterest RateAPY (Annual Percentage Yield)
Interest CheckingNONE0.44%0.45%
Basic CheckingNONE--
Passbook Savings$250.000.44%0.45%
Statement Savings$250.000.44%0.45%
Money Market$2,500.000.44%0.45%
Vacation & Holiday Clubs$5.000.44%0.45%
Young Savers Club$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.

CD & IRA Rates

Effective Date: Sunday, October 21, 2018

CDs & IRAs

TypeMinimum BalanceInterest RateAPY (Annual Percentage Yield)
6 Month CD and IRA$1,500.000.49%0.50%
9 Month CD and IRA$1,500.000.54%0.55%
12 Month CD and IRA$1,500.002.24%2.30%
18 Month CD$1,500.002.44%2.50%
18 Month Wild Card IRA$40.002.44%2.50%
24 Month CD and IRA$2,500.002.53%2.60%
36 Month CD and IRA$2,500.002.63%2.70%
60 Month CD and IRA$2,500.002.92%3.00%

Penalty for early withdrawal. CDs will automatically renew at maturity unless customer chooses otherwise. Rates and special offers may be withdrawn at any time and are subject to change without notice.

Mortgage Rates

Conventional Fixed Rate

Effective Date: Sunday, October 21, 2018

Conventional Fixed Rate

TermPointsRateAPR*Monthly Payment Per $1,000.00 Borrowed
15 YearsNone4.25%4.263%180 monthly payments of $7.53
30 YearsNone4.75%4.758%360 monthly payments of $5.22

* APR= Annual Percentage Rate.

Available for loan amounts up to $999,999 for 1 to 4 family properties and condominiums only. Rates for loan amounts of $1,000,000.00 and above will be determined by the Bank. Loans over $500,000.00 on 1 family homes or condominiums must be owner occupied. Up to 75% loan to value for purchases, 70% loan to value for refinances.

First Time Homebuyers Program is available for purchase of owner occupied 1 family homes or condominiums with maximum Purchase Price of $750,000,00, and 2 family with maximum Purchase Price of $999,000.00 only. You will receive .25% discount on Interest Rate. Down payment of 5% to 19% will require PMI (Private Mortgage Insurance).

$550.00 Non-refundable application fee is required on investment properties. Terms and rates are subject to change without notice. Rates are for informational purposes only and are not binding until a formal commitment has been issued. Maspeth Federal Savings is an Equal Housing & Equal Opportunity Lender.

Commercial Loan Rates

Multi-Family

Effective Date: Sunday, October 21, 2018

Multi-Family

Bank FeeInterest RateTerms
No Points4.75%5/5/5 YR Balloon / 25 YR Payout*
No Points5.75%7 YR Balloon / 25 YR Payout
No Points6%15 YR Fixed Term (Self-Liquidating)

Terms and rates subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).


Mixed Use (Commercial & Apartments)

Effective Date: Sunday, October 21, 2018

Mixed Use (Commercial & Apartments)

Bank FeeInterest RateTerms
No Points4.75%5/5/5 YR Balloon / 25 YR Payout*
No Points5.75%7 YR Balloon / 25 YR Payout
No Points6%15 YR Fixed Term (Self-Liquidating)

Terms subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).


Commercial Use (Warehouse, Factory & Retail Taxpayer)

Effective Date: Sunday, October 21, 2018

Commercial Use (Warehouse, Factory & Retail Taxpayer)

Bank FeeInterest RateTerms
No Points4.75%5/5/5 YR Balloon / 25 YR Payout*
No Points5.75%7 YR Balloon / 25 YR Payout
No Points6%15 YR Fixed Term (Self Liquidating)

Terms and rates subject to change without notice.

*5-year term resets twice for an additional 5-years (Prevailing rate & remaining term).


Commercial Line of Credit (CLOC)

Effective Date: Sunday, October 21, 2018

Commercial Line of Credit (CLOC)

Bank FeeInterest RateTerm
No Points6%Interest rate adjusts monthly to the higher of the initial interest rate or prime rate plus 1%. Converts to 15 year fixed mortgage at prevailing rate at end of draw period.

Terms and rates subject to change without notice.

Maximum Loan Amount $500,000. The standard rate index shall be the Maspeth Federal Savings commercial interest rate for similar type property or the Prime Rate plus 1%, whichever is higher. This is an interest only product. Rate adjusts monthly. A non-refundable application fee is required. Rates subject to change without notice. Line of Credit shall remain open for a maximum of 5 years. Funds availability shall then close and the ending balance will convert to a closed end, fully amortized conventional mortgage for either a 10 or 15 year term set at the prevailing Maspeth Federal Savings commercial interest rate for similar type property. All closing costs will be paid by the borrower and will include, but not limited to, mortgage taxes, appraisal fees, attorney fees and title search fees. Closing costs MUST be paid at closing with newly issued Commercial Line of Credit check. Consult with your tax advisor with regard to interest tax deductibility.


Land Loans

Effective Date: Sunday, October 21, 2018

Land Loans

Bank FeeInterest RateTerm
One Point8.75%5 YR (Interest Only)

Terms and rates subject to change without notice.


Construction Loans

Effective Date: Sunday, October 21, 2018

Construction Loans

Bank FeeInterest RateTerms
One Point7.75%24 Months (interest Only)

*Converted to fixed mortgage at prevailing rate.

Available for loan amounts below $750,000. Rates for loan amounts of $750,000 and above will be determined by the Bank. Loans over $500,000 on one family homes must be owner occupied. Up to 70% loan to value for purchases or refinances.

$350.00 Non-refundable application fee is required on all mortgage loans. 25% down payment required (except for first time home buyers - ask us for details). Terms and rates are subject to change without notice. Rates are for informational purposes only and are not binding until a formal commitment has been issued. Maspeth Federal Savings is an Equal Housing & Equal Opportunity Lender.

Standing by to help.

You can EMAIL US, visit our HELP CENTER, or call us at (718) 335-1300