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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: Friday, December 27, 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.

Mobile Deposit

Make the most of your time by securely depositing checks to your checking or savings account at anytime - from virtually anywhere - using Arundel Federal’s Mobile Banking app on your smart phone or tablet. Our free app is available on the App Store and on Google Play.

  • Open Arundel Federal mobile app
  • Snap a picture of your check
  • Choose an account for depositing
  • Submit and done

Mobile App

Enjoy the ease and security of banking on-the-go with our free mobile banking app. Get fast, no-fee access to your account whether you’re at the grocery store, at work or sitting on your couch. Download the app today and take control of your banking.

Download on the App Store Get it on google play

  • View activity and balances
  • Transfer money
  • Pay bills
  • Deposit checks
  • Find a branch near you

Mastercard(TM) Credit Card

Get hometown convenience, worldwide acceptance, great benefits and much more with an Arundel Federal Mastercard(TM) credit card.  By simply using your card you can earn cash back or points from everyday purchases with Everywhere Rewards.  You can access your account, check your balance, or pay your bill with the quick and easy 24/7 card access site.  Choose the card best suited for your needs and apply today. 

  • Platinum
  • World
  • World Elite

Mastercard(TM) Business Credit Card

Get hometown convenience, worldwide acceptance, great benefits and much more with an Arundel Federal Mastercard(TM) credit card.  By simply using your card you can earn cash back or points from everyday purchases with Everywhere Rewards.  You can access your account, check your balance, or pay your bill with the quick and easy 24/7 card access site.  Choose the card best suited for your needs and apply today. 

  • Platinum
  • World Elite
  • World Elite Plus
  • Purchase

MasterMoney™ Debit Card & Mobile Wallet

With an Arundel Federal debit card, you can enjoy convenient access to your checking account funds making purchases online and in person - wherever Mastercard(TM) is accepted.

Paying for purchases with your debit card is now easier than ever with three popular mobile wallet payment services: Google Pay™, Apple Pay®, and Samsung Pay®.  Adding more ways to pay, mobile wallet allows you to pay with your smartphone rather than using your physical plastic card to make purchases.  Mobile wallet offers fast, easy and secure tap-to-pay online payment capabilities designed to reduce the chance of fraud and theft of card information. Every time you initiate a mobile payment, a one-time-use number is generated so that your payment details are never stored on your device or shared with merchants.

Google Pay and Apple Pay also offer person-to-person (P2P) transactions allowing you to send money to and receive money from friends and family.

Visit any branch for help setting up your mobile wallet or follow the instructions below:

To get started with Mobile Wallet:

  1. Open your preferred mobile wallet app on your phone or go to your app store to download.
  2. Follow the onscreen instructions to add your eligible Arundel Federal debit card into the app.
  3. Authenticate your identity with a PIN, fingerprint, or iris/face scan.
  4. You are now ready to tap to pay at a participating business and send money to family and friends. You will receive payment confirmation on your device.

Look for these icons to use mobile wallet:

Contactless Payment  Apple Pay   Google Pay Samsung Pay

 

MasterMoney™ Debit Card

When your business account is paired with a debit card, you can enjoy convenient access to funds and can make purchases wherever MasterCard(TM) is accepted.

Jumbo Mortgage Loans

When considering a larger loan, a Jumbo Mortgage Loan will provide you with the best financing for loans $790,001 to $1,000,000. Jumbo Mortgage Loans are available for new home loan purchase or a mortgage refinance at fixed mortgage interest rates or adjustable mortgage interest rates. View today's Jumbo Mortgage Loan interest rates below:

  • Available for a new home loan purchase or a mortgage refinance
  • Fixed mortgage interest rates
    • Fixed monthly mortgage payments
    • Terms: 10, 15, 20, 25 and 30 years
  • Adjustable mortgage interest rates
    • 1 year, 3/1, 5/1 and 7/1 ARMS available
    • Variable monthly mortgage payments
    • Terms: 30 year amortization

Effective Date: Friday, December 27, 2024

Jumbo Fixed (Loan Amounts $790,001 to $1,000,000) (Rate Table)
Program Name
Rate
Points
Annual Percentage Rate
Monthly Payment
per $1,000 Borrowed^

Actions

30 Year Fixed7.125%0.00%7.165%$6.74

Apply Online

25 Year Fixed7.125%0.00%7.170%$7.15

Apply Online

20 Year Fixed7.000%0.00%7.051%$7.75

Apply Online

15 Year Fixed6.625%0.00%6.685%$8.78

Apply Online

10 Year Fixed6.500%0.00%6.583%$11.35

Apply Online

Interest rates and terms are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan to value, term, credit score, and other variables.  Please call for details. 

^ Payments do not include amount for taxes and insurance premiums if applicable and the actual payment obligation will be higher.

# Above $1,000,000 other rates and terms may apply.

Jumbo Adjustable Rate Mortgages are also available.  Please call for details and current rates. 

SUBJECT TO CREDIT APPROVAL

Home Equity Lines of Credit

A home equity loan can provide the cash you need to consolidate debt, make home improvements, pay college tuition, etc. Arundel Federal Savings Bank offers revolving home equity lines of credit as well as fixed rate/term home equity loans. As a revolving line of credit, you can borrow and repay funds for the duration of the draw period.

  • Revolving line with check writing convenience
  • 10 year initial draw period (renewable)
  • 15 year repayment period
  • Interest-only payments during draw period
  • Access up to 90% of the available equity in your home
  • Interest may be tax deductible (consult your tax advisor)
  • No closing cost option available (excludes city/county transfer tax)
    • Borrowers must take $10,000 advance at closing
    • Prepayment Penalty

Effective Date: Friday, December 27, 2024

Home Equity Line of Credit (Rate Table)
perks80%85%90%

Actions

Required
Minimum
Credit
Score
660		Required
Minimum
Credit
Score
680		Required
Minimum
Credit
Score
720

Apply Online

Borrower Pays Closing
WSJ Prime Rate+
Annual Percentage Rate
-0.500%
8.000%


0.00%
8.500%


0.500%
9.000%

Apply Online

No Closing Costs *
WSJ Prime Rate+
Annual Percentage Rate


0.500%
9.000%


1.000%
9.500%


1.500%
10.000%

Apply Online

Revolving line of credit. Interest varies monthly based on Wall Street Journal Prime rate +/- the margin shown. The maximum APR on Home Equity Lines of Credit is 18%. Minimum loan amount $10,000, Maximum loan amount $1,000,000. Borrowers must exhibit minimum credit scores to qualify. Home Equity Lines of Credit have initial draw periods of 10 years which can be extended for another 5 years at the discretion of AFSB. The repayment period is 15 years. All loan applications are subject to credit and property approval. No fees to use, not use or close your Home Equity Line of Credit loans and No Closing Cost Loans after 36 months. State and/or local government taxes may apply at closing. Closing cost fees for loans of $50,000 range from $500-$1,200. Property insurance is required on your home. Call for rates for loan amounts above $1,000,000.

* $10,000 advance required at loan closing. Excludes any county/city-imposed transfer taxes. Borrower is responsible for all closing costs if the loan is paid off and closed in less than 36 months. Minimum loan amount is $10,000. Borrowers must meet minimum credit scores to qualify for combined LTV in excess of 80%. See program disclosure for additional details. All rates are subject to change without notice. 

+Prime Rate as published in the "Money Rates" table in the Wall Street Journal. An increase or decrease in the index will result in an increase or decrease in the APR and the Finance Charge you will pay. The Wall Street Journal Prime rate as of February 12, 2024, was 8.50%.

SUBJECT TO CREDIT APPROVAL

Goal Maker Savings^*~

They score! You win!

Get ready for some football with a Goal Maker Savings Account and watch your interest rate increase with each passing touchdown!

  • $5 minimum opening deposit
  • Available for Custodian/Minor, Individual and Joint ownerships
  • 1 account per customer Tax ID Number (TIN)
  • Variable interest rate paid on Tier 1 ($0.01 to $2,500.00) and Tier 2 ($2,500.01+) balances
  • Interest is compounded daily & credited monthly
  • $5 monthly service charge if balance falls below $5
  • Quarterly statement
  • Transaction limitations include a maximum of 6 transfers per month - see the account disclosure for a full list of permitted and limited transactions

Effective Date: Friday, December 27, 2024

Savings and Money Market Accounts (Rate Table)
Annual Percentage Yield (APY)
Minimum Balance To
Earn APY/Open
0.04$0.01/$5.00
0.04$2,500.01

^ 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.
~ Stated interest rate is paid only on the balance within the specified 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.

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