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Checking Accounts

At Arundel Federal Savings Bank, we understand that every dollar counts. That’s why we offer a variety of personal checking choices—so you have the option of choosing the one that’s right for you.

Our accounts allow you to manage your money with ease while enjoying a variety of account benefits that can help build your finances while meeting your specific needs. Convenient options and benefits include avoiding a low monthly maintenance fee when a low minimum balance is maintained, ATM/debit card, interest-bearing accounts, online banking, mobile banking, mobile deposit and more.

Many checking accounts can be opened online or by visiting one of our Maryland branches located in Annapolis, Brooklyn, Glen Burnie, Pasadena, or Severna Park. Make your financial life simpler with an Arundel Federal Checking Account.

Jump To:

FreeBee Checking-No Service Charge Personal DDA

Avoid extra fees and minimum balance requirements while enjoying the Arundel Federal FreeBee Checking account features.

  • $50 minimum opening deposit
  • No interest paid
  • Debit card with surcharge-free access to 5,000+ ATMs nationwide
  • Unlimited check writing
  • No monthly service charge
  • No minimum balance required after initial deposit
  • Monthly statement - printed or electronic
  • Free teller transactions
  • 24/7 Telephone Banking
  • Online Banking
  • Bill Pay
  • Mobile Banking
  • Avoid overdraft fees by signing up for "Worry Free" savings transfers or applying for an overdraft line of credit

Effective Date: Thursday, November 21, 2024

Checking Accounts (Rate Table)
Annual Percentage Yield (APY)
Minimum Balance To
Earn APY/Open
NoneN/A

^ Denotes variable rate account. The interest rate may change after the account is opened.
* Certain limitations apply
# Minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features 
° Interest is paid on the full balance in the account based on the applicable tier.

Accounts subject to fees & charges. Fees may reduce earnings.
Early withdrawals on CDs may result in substantial penalties.
For other terms and account information please call 410-768-7800.
For 24/7 telephone access to accounts and products call Bankline 888-225-4417.

NOW Checking^°

Start earning interest on your account balance, and watch the rate increase as your balance rises with an Arundel Federal NOW Checking account.

  • $250 minimum opening deposit
  • Interest is compounded daily & credited monthly
  • Variable interest rate tied to balance
  • Interest tiers: $250 - $999, $1,000+
  • Daily account balance determines that day's interest tier
  • Debit card with surcharge-free access to 5,000+ ATMs nationwide
  • Unlimited check writing
  • Monthly service charge of $5 if balance falls below $250
  • Monthly statement - printed or electronic
  • Free teller transactions
  • 24/7 Telephone Banking
  • Online Banking
  • Bill Pay
  • Mobile Banking
  • Avoid overdraft fees by signing up for "Worry Free" savings transfers or applying for an overdraft line of credit

Effective Date: Thursday, November 21, 2024

Checking Accounts (Rate Table)
Annual Percentage Yield (APY)
Minimum Balance To
Earn APY/Open
0.03$250.00
0.03$1,000.00

^ Denotes variable rate account. The interest rate may change after the account is opened.
* Certain limitations apply
# Minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features 
° Interest is paid on the full balance in the account based on the applicable tier.

Accounts subject to fees & charges. Fees may reduce earnings.
Early withdrawals on CDs may result in substantial penalties.
For other terms and account information please call 410-768-7800.
For 24/7 telephone access to accounts and products call Bankline 888-225-4417.

Senior Rewards Checking 55+^*

This exclusive Senior Reward Checking account option is available for customers age 55+ and includes a variety of money-saving benefits.

*Open in branch only.

  • $50 minimum opening deposit
  • Interest is compounded daily & credited monthly on entire balance, once daily balance reaches $250
  • Debit card with surcharge-free access to 5,000+ ATMs nationwide
  • Direct deposit to any AFSB account required
  • No monthly minimum balance requirement
  • No monthly service charge
  • Monthly statement - printed or electronic
  • No charge for check orders (limitations apply)
  • Free safe deposit box rental (limitations apply)
  • Free teller transactions
  • 24/7 Telephone Banking
  • Online Banking
  • Bill Pay
  • Mobile Banking
  • Avoid overdraft fees by signing up for "Worry Free" savings transfers or applying for an overdraft line of credit

Effective Date: Thursday, November 21, 2024

Checking Accounts (Rate Table)
Annual Percentage Yield (APY)
Minimum Balance To
Earn APY/Open
0.03$250.00/$50.00

^ Denotes variable rate account. The interest rate may change after the account is opened.
* Certain limitations apply
# Minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features 
° Interest is paid on the full balance in the account based on the applicable tier.

Accounts subject to fees & charges. Fees may reduce earnings.
Early withdrawals on CDs may result in substantial penalties.
For other terms and account information please call 410-768-7800.
For 24/7 telephone access to accounts and products call Bankline 888-225-4417.

Money Market Checking^°

Designed for higher balances, an Arundel Federal Money Market Checking account offers tiered interest rates based on your growing account balance.

  • $1,000 minimum opening deposit
  • Variable interest rate tied to balance
  • Interest tiers: $1,000 - $19,999.99; $20,000 - $49,999.99; $50,000 - $249,999.99; $250,000 - $500,000.00
  • Interest is compounded daily and credited monthly
  • Debit card with surcharge-free access to 5,000+ ATMs nationwide
  • Unlimited online bill payments, debit card transactions and electronic transfers
  • Monthly service charge of $5 if balance falls below $1,000
  • Monthly statement - printed or electronic
  • Free teller transactions
  • 24/7 Telephone Banking
  • Online Banking
  • Bill Pay
  • Mobile Banking
  • Avoid overdraft fees by signing up for "Worry Free" savings transfers or applying for an overdraft line of credit

Effective Date: Thursday, November 21, 2024

Checking Accounts (Rate Table)
Annual Percentage Yield (APY)
Minimum Balance To
Earn APY/Open

0.05

$1,000.00

0.10

$20,000.00
0.25$50,000.00
0.40$250,000.00
0.75$500,000.00

^ Denotes variable rate account. The interest rate may change after the account is opened.
* Certain limitations apply
# Minimum balance to earn interest is the same as the required minimum opening balance unless noted in Special Features 
° Interest is paid on the full balance in the account based on the applicable tier.

Accounts subject to fees & charges. Fees may reduce earnings.
Early withdrawals on CDs may result in substantial penalties.
For other terms and account information please call 410-768-7800.
For 24/7 telephone access to accounts and products call Bankline 888-225-4417.

How to

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