Banks for You!

Now’s the time to take advantage of a competitive 6-month CD rate from Maspeth Federal Savings. Currently, the financial institution is offering its short-term CD at a rate of 0.60% APY.

In order to be eligible for this CD rate, you must maintain a balance of at least $1,500. 6-month CD accounts from Maspeth are not compounded continuously. Instead, they are calculated as simple interest. There is a penalty for early withdrawal on any certificate account you open. Also, substantial early withdrawal penalties may apply on tax-deferred instruments.

Maspeth Federal Savings opened in 1947 with the goal of operating as a traditional savings and loan association. Currently, the institution offers deposit accounts, loans, online banking and 40,000 surcharge-free ATMs worldwide. Maspeth Federal Savings dedicates much of its efforts to serving the community. To learn more, visit one of Maspeth’s branches located in New York.

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