Maspeth Federal Savings $400 Bonus with New Accounts (NY)

Maspeth Federal Savings $400 Bonus

🔃 Update: This offer is available again through 1/31/26. Looks like it’s available in-branch only now.

Maspeth Federal Savings is offering a $300 bonus for opening a checking account and a total of $400 if you also open a savings account. The offer is available in NY only. Check out the details below.

How to Earn This Bonus

In order to earn this Maspeth Federal Savings bonus, you need to:

1. Open your first MFS checking and savings account
2. Use promo code: NEW400PROMO
3. Set up direct deposit in your checking account and have 3 qualifying direct deposits of more than $300
   1. At least $300 in direct deposits to this account within 120 days of coupon enrollment.
   2. A qualifying deposit must be posted at least once a month.
4. Deposit and maintain $100 in your savings account for 120 days.

After you have completed all of the above requirements, you will receive the bonus as a deposit in your new checking account in the statement cycle following 120 days after enrollment. To receive this bonus, the enrolled account must not be closed or restricted at the time of payout. Bonus is considered interest and will be reported on IRS Form 1099-INT.

Are You Eligible?

Here are the eligibility details for this bonus:

• Offer available in NY (Queens, Brooklyn, Suffolk, Nassau residents and St. Johns University students)
• This bonus offer is not available to existing Maspeth Federal Savings customers with an existing checking account, or those whose checking accounts have been closed within 180 days.
• Maspeth Federal Savings customers with an existing savings account are not eligible for the $400 bonus offer.
• You can receive only one new checking account opening related bonus per household.  

Account Fees

• These accounts have no monthly fees.

Guru’s Wrap-Up

If you’re in Queens, Brooklyn or Long Island, then this can be a good bonus. You probably need legit direct deposits, as we don’t have many datapoints on what works. But you can also give it a try with different ACHs.

Based on the a few reports from DoC comments, you might be required to go into a branch to complete the account opening process. Let me know how it works for you.

Bank bonuses are a great way to earn some extra income, often from the comfort of your home. You can take a look at my bank bonus results for 2022 where I made over $6,000. If this bonus is not for you, then you can check our full list of available bank bonuses. You can also access bonuses available in your state by clicking the article tags below, or visiting dannydealguru.com/tag/NY-bank-bonus/. Just replace NY with your state or with “nationwide”.

And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

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💡 Link & Full Details

• OFFER PAGE
• Promo Code: NEW400PROMO
• Max Bonus: $400
• Account Type: LifeGreen Checking
• Availability: NY
• Type of Inquiry: Soft pull
• Direct Deposit Requirement: 3x$300 within 120 days (see what works)
• Other Requirements: See above
• Credit Card Funding: Unknown
• Monthly Fee: None
• Early Account Closing Fee: None
• Expiration Date: 11/14/25 12/15/25

HT: DoC

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