Statement Savings
Want to earn while you save and be able to track your progress no matter where you are? The Statement Savings account is the perfect option, no matter what your savings strategy.
With Statement Savings, you’ll enjoy:
- Competitive rates with interest applied quarterly
- Unlimited deposits and withdrawals
- Free online and mobile banking1 and MX Money Management tools
- And many more savings-building tools
Statement Savings
Effective Date: Current Date
0.50% APY*
Interest Rate - 0.49%
Minimum Balance - $100.00**
* APY = Annual Percentage Yield.
** 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. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.
Teen Savings
Set your 13 – 17-year-old2 up for success with this easy-to-monitor bank account for teens. Teen Savings is the perfect way to help them create good savings habits before they fly the coop.
With Teen Savings, your teen can enjoy:
- No minimum balance3 or monthly maintenance fees
- Access to online and mobile banking4 with parental monitoring
- And so much more
Teen Savings
Effective Date: Current Date
0.50% APY*
Interest Rate - 0.49%
Minimum Balance - $1.00**
* APY = Annual Percentage Yield.
** 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. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.
Vault Savings
Impulse shopping? Out to eat too much? Can’t help swiping your card? Our Vault Savings account keeps your money safe from, well, YOU! With this account you can only transfer funds in and must visit a branch in person to make withdrawals.
When you lock away your money in the vault, you’ll enjoy:
- Online account access5
- Earning a competitive interest rate
- Online transfers (incoming only)
- Direct deposit
- Mobile deposit
- Safety and security from your spending habits
Vault Savings
Effective Date: Current Date
0.50% APY*
Interest Rate - 0.49%
Minimum Balance - $100.00**
* APY = Annual Percentage Yield.
** 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. 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 accounts. Disclosure statements are available at all branch locations. FDIC Insured.
MX Money Managment Tools
Create a budget, control your finances and get exclusive, personalized insights on your spending. MX Money Management tools are here to help you manage your finances right from your phone.
Open the savings account that fits your life and start
watching your money grow today!
Save Better. Bank Maspeth.
1 Must possess a valid social security number to use mobile banking or to view your account. Standard charges from your cell phone provider may apply for text messaging or mobile web access
2 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.
3 $1.00 deposit is required to open an account, plus check printing charges if any.
4 Must possess a valid social security number to use Mobile Banking or to view your account. Standard charges from your cell phone provider may apply for text messaging or mobile web access.
5 Open and view balance online. Mobile Banking functionality limited to View Only. All withdrawals must be in person with a valid ID present. Electronic Statements opt in are required. Must possess a valid social security number to use mobile banking or to view your account. Standard charges from your cell phone provider may apply for text messaging or mobile web access.
