Personal Banking Rates

Use our combination of numbers to unlock your financial potential.

Our loans cost less. Your deposits earn more.

We get it. You're working hard to achieve your goals and reach your dreams. We're happy to assist you on your journey by setting rates that work to your advantage.

Lower rates on mortgages, auto financing and personal loans slash your interest charges and leave you with greater spending power.

How do we make this happen? Simple. As a not-for-profit operation, Suffolk Credit Union isn't shoveling money to shareholders. Instead, our profits come back to you in the form of balance-boosting dividends and cut-to-the-bone loan rates.

Auto – New
Cars/Trucks/Vans
For terms of 61 to 72 months, minimum loan is $10,000. Terms of 73 to 84 months require minimum loan of $20,000. Terms of 85 to 96 months require minimum loan of $30,000.
Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 606.64%$19.63
61 to 726.74%$16.93
73 to 847.44%$15.31
85 to 967.69%$13.98

Auto – Used
Cars/Trucks/Vans
Includes Refinance. For terms of 61 to 72 months, minimum loan is $10,000. Terms of 73 to 84 months require minimum loan of $20,000.

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 606.99%$19.80
61 to 727.44%$17.26
73 to 847.69%$15.44

Motorcycle - New

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term
Up to 608.89%$20.71

Motorcycle – Used
Includes Refinance. Used subject to NADA Book value.

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 609.24%$20.88

Boats – New**
Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000.
Financing available for purchases only

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 607.24%$19.91
61 to 1207.74%$12.00
121 to 1808.24%$9.70
181 to 2408.74%$8.83

Boats – Used**
Up to 80% Financing. Used subject to NADA Book value. Terms greater than 60 months require minimum loan of $20,000.
Financing available for purchases only

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 608.24%$20.39
61 to 1208.74%$12.53
121 to 1809.24%$10.29
181 to 2409.74%$9.48

Recreational Vehicle – New**
Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000.
Financing available for purchases only

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 608.24%$20.39
61 to 1208.74%$12.53
121 to 1809.24%$10.29

Recreational Vehicle – Used**
Up to 80% Financing. Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000. Used subject to NADA Book value. Financing available for purchases only

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 6010.74%$21.61
61 to 12011.24%$13.91
121 to 18011.74%$11.83

Off-road Vehicle – New
Dirt Bikes/Quads/Mopeds
Up to 80% Financing. Used subject to NADA Book value.

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term
Up to 249.65%$45.98

Personal Watercraft – New
Up to 80% Financing.

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term
Up to 249.65%$45.98

*APR = Annual Percentage Rate. Rates and terms are subject to change without notice. Rates shown above available with Automatic Payment. New auto loans may finance up to 100% of the MSRP or the purchase price, whichever is less, plus sales tax, license, and extended auto warranty. Used auto loans may finance up to 100% of the NADA Value Guide or the purchase price, whichever is less, plus sales tax, license, and extended warranty. Extended warranty financing maximum is $2,000 on autos and $2,500 on trucks. Extended warranty finance limit on all other vehicles is $2,500. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different term. The above loan requests are subject to credit approval. One must live, work, worship, attend school or regularly conduct business in the towns of Babylon, Brookhaven, Huntington, Islip, Riverhead, Smithtown, or Southold, or the Poospatuck Reservation, or Nassau County, NY, or be an immediate family member of current membership to be eligible for membership. Please see a Suffolk Federal representative for additional information, applicable fees and terms.

**In order for a loan to have a repayment term of over 144 months, it must qualify as an Internal Revenue definition of a home; has sleeping, cooking & toilet facilities. (Internal Revenue Publication 936 Home Mortgage Interest Deduction, 2000). Conditions of loans may vary. Rates and conditions are subject to change without notice.

Electric Vehicle - New
Excludes Hybrids

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 606.39%$19.52
61 to 726.49%$16.81
73 to 847.19%$15.19
85 to 967.44%$13.86

Electric Vehicle - Used
Excludes Hybrids

Term in Months APR* as low as Sample payment per $1,000 Borrowed (based on maximum term)
Up to 606.74%$19.68
61 to 727.19%$17.14
73 to 847.44%$15.31

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

Card APR
MasterCard® Platinum2.99% Introductory APR for a period of sixteen (16) billing cycles. After that your APR will be 13.24% to 18.00% based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.
MasterCard® Rewards14.99% to 18.00% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.
MasterCard® Secured18.00% – This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

Annual Percentage Rate (APR)
for Balance Transfers

Card APR
MasterCard® Platinum2.99% Introductory APR for a period of sixteen (16) billing cycles. After that your APR will be 13.24 to 18.00% based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.
MasterCard® Rewards14.99 to 18.00% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.
MasterCard® Secured18.00% – This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

Annual Percentage Rate (APR)
for Cash Advances

Card APR
MasterCard® Platinum18.00% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.
MasterCard® Rewards18.00% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.
MasterCard® Secured18.00% – This APR is based on the Prime Rate as published in the Wall Street Journal, and will vary with the market.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle.We will not charge you any interest on purchases if you pay your entire balance by the due date each month.

For Credit Card Tips from the Consumer Financial Protection Bureau

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau.

Fees

Setup and Maintenance Fees

Fee Amount
Account Setup FeeNone
Program FeeNone
Participation FeeNone
Additional Card FeeNone
Application FeeNone

Transaction Fees

Fee Amount
Balance Transfer Fee - MasterCard® Platinum$10.00 or 3.00% of the amount of each cash advance, whichever is greater
Balance Transfer Fee - MasterCard® Rewards$10.00 or 3.00% of the amount of each cash advance, whichever is greater
Balance Transfer Fee - MasterCard® Secured$10.00 or 3.00% of the amount of each cash advance, whichever is greater
Cash Advance Fee$10.00 or 3.00% of the amount of each cash advance, whichever is greater
Foreign Transaction Fee1.00% of each transaction in U.S. dollars
Transaction Fee for PurchasesNone

Penalty Fees

Fee Amount
Late Payment FeeUp to $40.00
Over-the-Credit-Limit FeeNone
Returned Payment FeeUp to $40.00

How We Will Calculate Your Balance. We use a method called “average daily balance (including new purchases).”

MasterCard® Platinum – Promotional Period for Introductory APR. The Introductory APR for purchases and balance transfers will apply to transactions posted to your account during the first sixteen (16) months following issuance of your card.

MasterCard® Platinum – Loss of Introductory APR. We may end your Introductory APR for purchases and balance transfers and apply the prevailing non-introductory APR if you are 60 days late in making a payment.

Effective Date. The information about the costs of the card described in this application is accurate as of November 15, 2023. This information may have changed after that date. To find out what may have changed, contact the Credit Union.


For California Borrowers, the MasterCard Platinum, MasterCard Rewards and MasterCard Secured are secured credit cards. Credit extended under this credit card account is secured by various personal property and money including, but not limited to: (a) any goods you purchase with this account, (b) any shares you specifically pledge as collateral for this account on a separate Pledge of Shares, (c) all shares you have in any individual or joint account with the Credit Union excluding shares in an Individual Retirement Account or in any other account that would lose special tax treatment under state or federal law, and (d) collateral securing other loans you have with the Credit Union excluding dwellings. Notwithstanding the foregoing, you acknowledge and agree that during an periods when you are a covered borrower under the Military Lending Act your credit card will be secured by any specific Pledge of Shares you grant us but will not be secured by all shares you have in any individual or joint account with the Credit Union. For clarity, you will not be deemed a covered borrower if: (i) you establish your credit card account when you are not a covered borrower; or (ii) you cease to be a covered borrower.

 

Additional Disclosures

Fee Amount
Late Payment Fee$25.00 or the amount of the required minimum payment, whichever is less, if you are three (3) or more days late in making a payment. In the event you fail to make a payment on time in any of the six (6) billing cycles following the initial violation, you will be charged $40.00 or the amount of the required minimum payment, whichever is less.
Returned Payment Fee$25.00 or the amount of the required minimum payment, whichever is less. In the event a payment is returned in the same or in any of the six (6) billing cycles following the initial violation, you will be charged $40.00 or the amount of the required minimum payment, whichever is less.
Returned Convenience Check Fee$25.00 or the amount of the returned convenience check, whichever is less. In the event a payment is returned in the same or in any of the six (6) billing cycles following the initial violation, you will be charged $40.00 or the amount of the returned convenience check, whichever is less.
Statement Copy Fee$5.00
Pay-by-Phone Fee$5.00
Card Replacement Fee$5.00

Consumer Loan Rates Term in Months APR* as low as Sample Payment per $1,000 Borrowed (based on maximum term)
Easy Everyday Loan*
Maximum $10,000
Up to 247.84%$45.17
Personal Line-of-Credit**
Maximum Line $20,000
-13.50%Variable Rate/ Not Applicable
Personal Loan*
Fixed Rate
Maximum $20,000
6010.04%$21.27
Share Secured**
Variable
Up to 1203.00%Variable Rate/Not Applicable
Buy Now, Pay Later***
Maximum $2,500
Up to 915.00%$295.43

*APR = Annual Percentage Rate. Rates shown above available with Automatic Payment. The above loan requests are subject to credit approval. Applicants who are not approved at these rates or terms may be offered credit at a higher rate and/or different term. Conditions of loans may vary. Rates and conditions are subject to change without notice.

**For all variable-rate loans, the APR may change after consummation. The Share Secured loan rate is calculated as the dividend rate plus 3.00%. The minimum payment for the variable line of credit will be 2.00% of the outstanding balance rounded up to the nearest dollar, or $10.00, whichever is greater. For Share Secured loans, the minimum payment will be $25.00. There are no fees associated with the Share Secured loan. Please see a representative for additional information, applicable fees and terms.

***APR = Annual Percentage Rate. Rates shown above available with Automatic Payment.  Terms of loans may vary. Rates and conditions are subject to change without notice.

Fixed Rate Home Equity

Term APR* as low as Sample Payment Per $1,000 Borrowed (based on maximum term)
Up to 5 years7.90%$20.23
> 5 up to 10 Years8.20%$12.24

Fixed Rate Home Equity
First Mortgage

Term APR* as low as Sample Payment Per $1,000 Borrowed (based on maximum term)
Up to 5 years7.65%$20.11
> 5 up to 10 Years7.90%$12.08

*APR = Annual Percentage Rate. Rates reflect automatic payment. Rates and terms are subject to change without notice. Applicants who are not approved at these rates may be offered credit at a higher rate. Rates will be 3.00% higher for Non-Primary Fixed Home Equity Loans. Minimum loan amount of $20,000. All loans are subject to credit approval and income verification. Available for primary and secondary residences excluding mobile homes, boats, co-ops, and under construction or on leased land. Appraisal and title search are required. Payments do not include taxes or required insurance.

Suffolk Federal will pay closing costs on Home Equity loan amounts up to $250,000 on properties in New York State only. If you pay off and close your loan less than three years from loan origination date, you will be required to reimburse all closing costs paid by Suffolk Federal. For loan amounts up to $250,000, closing costs are estimated to be between $950 and $2,790. Estimate is based on Suffolk County, other counties may have different estimates.

All loans are subject to credit approval and income verification. All rates and terms are subject to change without notice. Please speak to a Suffolk Federal representative for additional information, applicable fees, and terms.

Home Equity Line-of-Credit Variable Rate Plans APR* as low as
The 6.99% Intro APR* Home Equity Line-of-Credit
Intro for 15 months thereafter as low as 8.50%
Minimum loan amount of $20,000
6.99%Learn More

* APR = Annual Percentage Rate. Rates reflect automatic payment discount of 0.25%. Introductory APR is based on your creditworthiness and will range from 6.99% to 9.99% APR. Lines up to $100,000 require minimum $15,000 initial advance and maintain a balance of $10,000 during the time period in which the introductory rate is offered to maintain that introductory rate; lines between $100,000.01 and $250,000 require a minimum $35,000 initial advance and maintain a balance of $25,000 during the time period in which the introductory rate is offered to maintain that introductory rate; and lines between $250,000.01 and $1,500,000 require a minimum $65,000 initial advance and maintain a balance of $50,000 during the time period in which the introductory rate is offered to maintain that introductory rate.  After the 15 month introductory period, APR is based on the Prime Rate as published in the Wall Street Journal plus a margin which is based on your creditworthiness. The minimum rate is 3.00% APR and the maximum rate is 18.00% APR. The HELOC is a variable rate loan. After the introductory period the APR may change monthly. Making minimum payments only may result in a balloon payment. Non primary resident properties will get an increase of 3% to the intro rate.

** Suffolk Credit Union will pay closing costs on Home Equity Loan amounts up to $250,000 on properties in New York State only. Suffolk Credit Union will pay closing costs, except the appraisal fee, on Home Equity lines-of-credit amounts up to $500,000 on properties in New York State only. If you pay off and close your loan less than three years from loan origination date, you will be required to reimburse all closing costs paid by Suffolk Credit Union. For a Home Equity Line-of-Credit: Minimum loan amount is $20,000. Maximum loan amount is $1,500,000. The length of the repayment period will depend on the balance at the time of the last advance you obtain before the draw period ends. Monthly payments required during both the draw and repayment periods. During the 10-year draw period your minimum monthly payment will equal the finance charges (interest) that accrued on the outstanding balance during the preceding month. Payment calculation is based on 20 year amortization. Hazard insurance is required. Available on 1–4 family primary or secondary residences, excluding mobile homes, co-ops and homes for sale, under construction or on leased land. Applicants who are not approved at these rates may be offered credit at a higher rate.

Rates and terms are subject to change without notice. All offers of credit are subject to credit approval requirements and applicants may be offered credit at higher rates and other terms. Loan-to-Value (LTV) and/or Combined LTV (CLTV) restrictions apply. Available on 1- to 4-family primary or secondary residences, excluding mobile homes, co-ops and homes for sale, under construction or on leased land. Hazard insurance is required on all loans secured by real property (flood insurance may also be required where applicable). Membership at Suffolk Credit Union is required by opening a minimum $5 share savings account at or prior to HELOC account opening.

Mortgage Loan Rates

Click Here to View Our Current Mortgage Rates and/or Apply

Fixed Rate Mortgage Loans and Adjustable Rate Mortgages (ARMs)
are available from Suffolk Federal Credit Union.

Rates are for 1 to 4 family principal residences.

Call (631) 646-2360 for quotes.

Momentum Checking**

To Earn Dividend Dividend Rate APY*
Up to $20.000.001.50%1.50%
$20,000.01+0.05%0.05%

Sharks Checking

To Earn Dividend Dividend Rate APY*
$0 - $9,999.990.00%0.00%
$10,000 Minimum Balance to Earn Dividend0.05%0.05%

Girl Scouts Free Checking

To Earn Dividend Dividend Rate APY*
$0 - $9,999.990.00%0.00%
$10,000 Minimum Balance to Earn Dividend0.05%0.05%

Save Your Way Account

To Earn Dividend Dividend Rate APY*
$0 - $99.990.00%0.00%
$100+0.05%0.05%

Share Savings Account - $5 Minimum Deposit

To Earn Dividend Dividend Rate APY*
$0 - $99.990.00%0.00
$100+0.05%0.05%

Youth Savings Account1 - $5 Minimum Deposit

To Earn Dividend Dividend Rate APY*
Up to $2,5005.84%6.00%
> $2,5010.10%0.10%

IRA/SEP Account

To Earn Dividend Dividend Rate APY*
$0 Minimum Deposit to Earn Dividend0.10%0.10%

First Time Homebuyers Club2 - $100 Minimum Deposit

To Earn Dividend Dividend Rate APY*
$0 - $99.990.00%0.00%
$100+0.05%0.05%

*APY = Annual Percentage Yield. Rates and terms may change after account is opened. Offers may be for a limited time only. The annual percentage yield is indicated as of the last dividend declaration date. Fees could reduce the earnings on the account. Penalties may be imposed for early withdrawals. For more information, please contact one of our Suffolk Credit Union representatives.

**Momentum Rewards provides a high-rate dividend each month to members that complete at least 20 debit  card purchases per month and maintain an average daily balance of $5,000 in their Checking account.  Accounts meeting the monthly criteria will automatically receive 1.50% Annual Percentage Yield (APY) applied  to balances up to $20,000 and 0.05% APY applied to balances greater than $20,000. Dividends are calculated on a day-of-deposit to day-of-withdrawal basis and credited monthly. Rates and terms are subject to change after account is opened. Fees could reduce the earnings on the account

1: For Youth Savings Accounts, the entire balance will be transferred to your regular Share Savings Account on the day the member turns 18, and the account will be closed.

2: This savings club account requires 12 to 24 minimum consecutive $100 monthly deposits and completion of a home buying education course in return for closing cost assistance on a Suffolk Federal mortgage loan. Open to qualifying credit union members who have not been an owner of record of a home for at least 36 months from the date of their club enrollment with a $100 minimum opening balance. $10 fee per withdrawal (could subject participant to loss of closing benefits). Speak to a Suffolk Credit Union representative for full details.

$500 Minimum Deposit
Includes Regular, IRA/SEP Certificates

Certificate Rates Dividend Rate APY*
3-Month Certificate1.98%2.00%
6-Month Certificate4.02%4.10%
9-Month Certificate4.98%5.10%
12-Month Certificate1.24%1.25%
18-Month Certificate3.74%3.80%
24-Month Certificate3.45%3.50%
36-Month Certificate3.25%3.30%
48-Month Certificate3.15%3.20%
60-Month Certificate3.06%3.10%

*APY = Annual Percentage Yield. Rates and terms are subject to change without notice. Offers may be for limited time only. The annual percentage yield is indicated as of the last dividend declaration date. Fees could reduce the earnings on the account. Penalties may be imposed for early withdrawals. For more information, please contact one of our Suffolk Credit Union representatives.

Liquid Certificate Rate NEW Dividend Rate APY**
$10,000 Minimum Deposit
11-Month Liquid Certificate2.81%2.85%

**Annual Percentage Yield (APY). Rates and terms are subject to change without notice. $10,000 minimum deposit required to open and maintain. Fees could reduce the earnings on the account. Membership eligibility rules apply. Click here (opens a pdf) to view the Liquid Share Certificate Account Disclosure. Insured by NCUA.

To Earn Dividend Dividend Rate APY*
$0 - $24,999.990.25%0.25%
$25,000 - $49,999.990.50%0.50%
$50,000 - $99,999.990.50%0.50%
$100,000 - $249,999.990.70%0.70%
$250,000 - $499,999.990.75%0.75%
$500,000 - $999,999.990.75%0.75%
$1,000,000+2.722.75%

*$15 service fee imposed on balances below $2,500.00.

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