Current Rates
Primary Fixed-Rate Mortgage
Effective Date: 3/29/2025
| Term | Rate | APR1 | Points | Property2 | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|---|---|
| 15 Years | 6.25% | 6.264% | None | Primary 1 & 2 Family Homes, Condominiums & Coops | 180 monthly payments of $8.57 |
| 15 Years | 7.25% | 7.265% | None | Primary 3- to 4-Family Homes | 180 monthly payments of $9.13 |
| 20 Years | 6.50% | 6.512% | None | Primary 1 & 2 Family Homes, Condominiums & Coops | 240 monthly monthly payments of $7.46 |
| 30 Years | 6.75% | 6.759% | None | Primary 1 & 2 Family Homes, Condominiums & Coops | 360 monthly payments of $6.49 |
| 30 Years | 7.75% | 7.759% | None | Primary 3- to 4-Family Homes | 360 monthly payments of $7.16 |
1APR= Annual Percentage Rate.
2Available for loan amounts up to $999,999.00. Rates for loan amounts of $1,000,000.00 and above will be determined by the Bank. Up to 75% loan to value for purchases, 70% loan to value for refinances.
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.
Co-Ops must be Owner Occupied and are available for loans up to $999,999.00.
First Time Homebuyer
Effective Date: 3/29/2025
| Term | Rate | APR1 | Points | Property2 | Monthly Payment Per $1,000.00 Borrowed |
|---|---|---|---|---|---|
| 15 Years | 6.00% | 6.014% | None | Primary 1 & 2 Family Homes, Condominiums & Coops | 180 monthly payments of $8.44 |
| 20 Years | 6.25% | 6.261% | None | Primary 1 & 2 Family Homes, Condominiums & Coops | 240 monthly payments of $7.31 per thousand |
| 30 Years | 6.50% | 6.509% | None | Primary 1 & 2 Family Homes, Condominiums & Coops | 360 monthly payments of $6.32 |
1APR= Annual Percentage Rate.
2First Time Homebuyers Program is available for purchase of owner occupied single-family and two-family homes, condominiums & co-ops with maximum Purchase Price of $999,000.00. Down payment of 5% to 19% will require PMI (Private Mortgage Insurance).
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.
Investment Property
Effective Date: 3/29/2025
| Term | Points | Rate | APR1 | Property2,3 | Monthly Payment per $1,000 Borrowed |
|---|---|---|---|---|---|
| 15 Years | None | 7.25% | 7.265% | Investment Property 1- to 4-Family & Investment Condominium | 180 monthly payments of $9.13 |
| 30 Years | None | 7.75% | 7.759% | Investment Property 1- to 4-Family & Investment Condominium | 360 monthly payments of $7.16 |
1APR = Annual Percentage Rate.
2Available for loan amounts up to $999,999.00. Contact us for rates for loan amounts of $1,000,000.00 and above. Loans over $500,000.00 on single-family homes & condominiums must be Primary residence. Co-ops must be primary residence and are available for loans up to $999,999. Up to 75% loan-to-value for purchases, 70% loan-to-value for refinances.
3$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.
Refinance Loan
Effective Date: 8/1/2024
| Term | Rate | APR1 | Points | Property2 | Monthly Payment Per $1,000.00 Borrowed |
|---|---|---|---|---|---|
| 15 Years | 6.25% | 6.264% | No points | Primary 1-2 Family Homes, Primary Condominiums & Coops | 180 monthly payments of $8.57 |
| 15 Years | 7.25% | 7.265% | No points | Investment Property3 1- to 4-Family & Primary 3- to 4-Family Homes & Investment Condominiums | 180 monthly payments of $9.13 |
| 20 Years | 6.50% | 6.512% | No points | Primary 1 & 2 Family Homes, Primary Condominiums & Coops | 240 monthly payments of $7.46 |
| 30 Years | 6.75% | 6.759% | No points | Primary 1 & 2 Family Homes, Primary Condominiums & Coops | 360 monthly payments of $6.49 |
| 30 Years | 7.75% | 7.759% | No points | Investment Property3 1- to 4-Family & Primary 3- to 4-Family Homes & Investment Condominiums | 360 monthly payments of $7.16 |
1APR= Annual Percentage Rate.
2Available for loan amounts up to $999,999.00. 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 & condominiums must be owner occupied. Up to 75% loan to value for purchases, 70% loan to value for refinances.
3$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.
Co-Ops must be Owner Occupied and are available for loans up to $999,999.00.
HELOC
Effective Date: 3/29/2025
| Product | Interest Rate | Term | Minimum |
|---|---|---|---|
| HELOC | Prime Rate | 10-Year Draw/20-Year Payout | $25,000 minimum |
1Rate is based on the New York Times Prime Rate. The maximum APR is 15.00% and the minimum APR is 5.00%. The maximum allowable line amount; combined DTI cannot exceed 43%. Property insurance is required, and flood insurance may be required. You should consult with a tax advisor about the deductibility of interest paid on your home equity line of credit.
Bank pays all fees except Mortgage Tax (Prepayment penalty if paid off within 3 years.)
Available to properties located in the state of NY (Manhattan, Queens, Brooklyn, Bronx, Staten Island, Nassau, Suffolk & Westchester). Applicant must have an existing mortgage with Maspeth Federal Savings for at least two years or own the property free and clear. Property must be owner-occupied 1- to 4-family home, condominium or coop. Subject to loan-to-value (LTV) ratio and debt-to-income (DTI) ratio. Closing costs subject to reimbursement if HELOC is satisfied within 3 years. Loan products and services subject to approval. Rates, terms and conditions are subject to change without notice. No minimum draw amount; subject to 24-month activity review.
Multi-Family
Effective Date: 3/29/2025
| Points | Interest Rate | Terms |
|---|---|---|
| None | 6.875% | 5/5/5-year balloon / 25-year payout* |
| None | 7.25% | 10-year balloon / 25-year payout |
| None | 8.00% | 15-year fixed term (self-liquidating) |
*Five-year term resets twice for an additional five years (prevailing rate and remaining term). Note that the five-year initial rate is an introductory rate.
Terms and rates subject to change without notice.
Mixed Use
Effective Date: 3/29/2025
| Points | Interest Rate | Terms |
|---|---|---|
| None | 6.875% | 5/5/5-year balloon / 25-year payout* |
| None | 7.25% | 10-year balloon / 25-year payout |
| None | 8.00% | 15-year fixed term (self-liquidating) |
Terms subject to change without notice.
*Five-year term resets twice for an additional five years (prevailing rate and remaining term). Note that the five-year initial rate is an introductory rate.
Commercial Use
Effective Date: 3/29/2025
| Points | Interest Rate | Terms |
|---|---|---|
| None | 6.875% | 5/5/5-year balloon / 25-year payout* |
| None | 7.25% | 10-year balloon / 25-year payout |
| None | 8.00% | 15-year fixed term (self-liquidating) |
Terms subject to change without notice.
*Five-year term resets twice for an additional five years (prevailing rate and remaining term). Note that the five-year initial rate is an introductory rate.
Commercial Line of Credit
Effective Date: 3/29/2025
| Interest Rate | Maximum | Points | Term | |
|---|---|---|---|---|
| Commercial Line of Credit | Prime Rate + 0.50% | $1,000,000 | No points | 5-year draw |
Five (5) years draw period followed by 15 years fixed or 10 year balloon with 25 years amortization repayment.
Terms and rates subject to change without notice.
Land Loan
Effective Date: 3/29/2025
| Interest Rate | Points | Term | |
|---|---|---|---|
| Land Loan | 11.50% | One point | 5-year interest only |
Terms and rates subject to change without notice.
Construction Loan
Effective Date: 3/29/2025
| Interest Rate | Points | Terms | |
|---|---|---|---|
| Construction Loan | 10.50% | One point | 24 Months (interest only) |
*Converts to fixed-rate mortgage at prevailing rate at the end of the initial 24-month term.
Terms and rates subject to change without notice.
Certificate of Deposit
Effective Date: 3/29/2025
| Term | Interest Rate | APY (Annual Percentage Yield) | Minimum Balance |
|---|---|---|---|
| 6 Month CD and IRA | 3.71% | 3.80% | $1,500.00 |
| 9 Month CD and IRA | 2.92% | 3.00% | $1,500.00 |
| 12 Month CD and IRA | 3.54% | 3.65% | $1,500.00 |
| 18 Month CD and IRA | 3.25% | 3.35% | $1,500.00 |
| 18 Month Wild Card IRA | 3.25% | 3.35% | $40.00 |
| 24 Month CD and IRA | 3.30% | 3.40% | $2,500.00 |
| 36 Month CD and IRA | 3.35% | 3.45% | $2,500.00 |
| 60 Month CD and IRA | 3.39% | 3.50% | $2,500.00 |
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.
Rates and terms are subject to change without notice. The minimum balance shown is required to achieve the stated Annual Percentage Yield. 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. Federal Regulations require a penalty for early withdrawal on certificate accounts, including substantial tax penalties on tax deferred instruments. All above Annual Percentage Yields are accurate as of today's date. 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.
All IRAs/CESAs have specific eligibility requirements, modified adjusted gross income limits, contribution and deductibility limits and possible IRS and Association penalties for early withdrawal. It is recommended that you consult with a tax professional to discuss your eligibility and own personal tax liability with regard to federal, state and local income tax implications.
Roth IRA
Effective Date: 3/29/2025
| Minimum Balance | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|
| 6 Month CD and IRA | $1,500.00 | 3.71% | 3.80% |
| 9 Month CD and IRA | $1,500.00 | 2.92% | 3.00% |
| 12 Month CD and IRA | $1,500.00 | 3.54% | 3.65% |
| 18 Month CD and IRA | $1,500.00 | 3.25% | 3.35% |
| 18 Month Wild Card IRA | $40.00 | 3.25% | 3.35% |
| 24 Month CD and IRA | $2,500.00 | 3.30% | 3.40% |
| 36 Month CD and IRA | $2,500.00 | 3.35% | 3.45% |
| 60 Month CD and IRA | $2,500.00 | 3.39% | 3.50% |
Consult a tax advisor for details.
Eligibility for Roth IRA contributions comes with two requirements: (1) You or your spouse must have earned income and (2) Your modified adjusted gross income cannot exceed certain limits.
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.
All IRAs/CESAs have specific eligibility requirements, modified adjusted gross income limits, contribution and deductibility limits and possible IRS and Association penalties for early withdrawal. It is recommended that you consult with a tax professional to discuss your eligibility and own personal tax liability with regard to federal, state and local income tax implications.
Rates and terms are subject to change without notice. The minimum balance shown is required to achieve the stated Annual Percentage Yield. 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. Federal Regulations require a penalty for early withdrawal on certificate accounts, including substantial tax penalties on tax deferred instruments. All above Annual Percentage Yields are accurate as of today's date. 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.
Traditional IRA
Effective Date: 3/29/2025
| Minimum Balance | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|
| 6 Month CD and IRA | $1,500.00 | 3.71% | 3.80% |
| 9 Month CD and IRA | $1,500.00 | 2.92% | 3.00% |
| 12 Month CD and IRA | $1,500.00 | 3.54% | 3.65% |
| 18 Month CD and IRA | $1,500.00 | 3.25% | 3.35% |
| 18 Month Wild Card IRA | $40.00 | 3.25% | 3.35% |
| 24 Month CD and IRA | $2,500.00 | 3.30% | 3.40% |
| 36 Month CD and IRA | $2,500.00 | 3.35% | 3.45% |
| 60 Month CD and IRA | $2,500.00 | 3.39% | 3.50% |
Consult a tax advisor for details.
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.
Rates and terms are subject to change without notice. The minimum balance shown is required to achieve the stated Annual Percentage Yield. 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. Federal Regulations require a penalty for early withdrawal on certificate accounts, including substantial tax penalties on tax deferred instruments. All above Annual Percentage Yields are accurate as of today's date. 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.
All IRAs/CESAs have specific eligibility requirements, modified adjusted gross income limits, contribution and deductibility limits and possible IRS and Association penalties for early withdrawal. It is recommended that you consult with a tax professional to discuss your eligibility and own personal tax liability with regard to federal, state and local income tax implications.
Wild Card IRA CD
Effective Date: 3/29/2025
| Interest Rate | Annual Percentage Yield (APY) | Minimum Balance | |
|---|---|---|---|
| Wild Card IRA CD | 3.25% | 3.35% | $40.00 |
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.
Rates and terms are subject to change without notice. The minimum balance shown is required to achieve the stated Annual Percentage Yield. 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. Federal Regulations require a penalty for early withdrawal on certificate accounts, including substantial tax penalties on tax deferred instruments. All above Annual Percentage Yields are accurate as of today's date. 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.
All IRAs/CESAs have specific eligibility requirements, modified adjusted gross income limits, contribution and deductibility limits and possible IRS and Association penalties for early withdrawal. It is recommended that you consult with a tax professional to discuss your eligibility and own personal tax liability with regard to federal, state and local income tax implications.
Interest Checking
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Interest Checking | 0.50% | 0.49% | None |
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. 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.
Passbook Savings
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Passbook Savings | 0.50% | 0.49% | $100.00 |
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. 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
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Statement Savings | 0.50% | 0.49% | $100.00 |
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. 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
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Money Market | 0.50% | 0.49% | $2,500.00 |
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. 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
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Vacation & Holiday Clubs | 0.50% | 0.49% | $5.00 |
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. 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.
Young Savers Club
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Young Savers Club | 0.50% | 0.49% | $1.00 |
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. 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.
Teen Savings
Effective Date: 3/29/2025
| APY (Annual Percentage Yield) | Interest Rate | Minimum Balance | |
|---|---|---|---|
| Teen Savings | 0.50% | 0.49% | $1 |
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.
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