Looking for the Best Rates? We See It Too!

Suffolk Federal offers highly competitive credit union rates for personal, home equity and vehicle loans, credit cards, mortgages, savings and share certificates. See what Suffolk Federal can offer you:

Personal Rates

  • Vehicle
    Vehicle Loan RatesTerm in MonthsAPR* as low asSample payment per $1,000 Borrowed (based on maximum term)
    Auto – New
    Cars/Trucks/Vans
    For terms of 61 to 72 months, minimum loan is $15,000. Terms greater than 72 months require minimum loan of $20,000.    		Up to 60
    61 to 72
    73 to 84    		2.59%
    2.79%
    3.29%    		$17.79
    $15.10
    $13.34
    Auto – Used
    Cars/Trucks/Vans
    Includes Refinance. For terms of 61 to 72 months, minimum loan is $15,000.    		Up to 60
    61 to 72    		2.69%
    2.79%    		$17.83
    $15.10
    Motorcycle - NewUp to 604.84%$18.80
    Motorcycle – Used
    Includes Refinance. Used subject to NADA Book value.    		Up to 604.94%$18.84
    Off-road Vehicle – New
    Dirt Bikes/Quads/Mopeds
    Up to 80% Financing. Used subject to NADA Book value.    		Up to 248.40%$45.43
    Boats – New**
    Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000.
    Financing available for purchases only    		Up to 60
    61 to 120
    121 to 180
    181 to 240    		5.74%
    6.24%
    6.74%
    7.24%    		$19.22
    $11.23
    $8.85
    $7.91
    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    		Up to 60
    61 to 120
    121 to 180
    180 to 240    		6.74%
    7.24%
    7.74%
    8.24%    		$19.69
    $11.72
    $9.42
    $8.52
    Personal Watercraft – New
    Up to 80% Financing.    		Up to 248.40%$45.43
    Recreational Vehicle – New**
    Up to 80% Financing. Terms greater than 60 months require minimum loan of $20,000.
    Financing available for purchases only    		Up to 60
    61 to 120
    121 to 180    		6.74%
    7.24%
    7.74%    		$19.69
    $11.74
    $9.41
    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    		Up to 60
    61 to 120
    121 to 180    		9.24%
    9.74%
    10.24%    		$20.89
    $13.08
    $10.90
    *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 or worship in Suffolk County, NY, 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.

  • Credit Cards
    Interest Rates and Interest Charges
    Annual Percentage Rate (APR)
    for Purchases    		MasterCard® Platinum
    0.00% Introductory APR for a period of six (6) billing cycles. After that your APR will be 7.49% to 13.49% 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® Rewards
    9.24% to 15.24% 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® Secured
    9.49% – 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    		MasterCard® Platinum
    0.00% Introductory APR for a period of six (6) billing cycles. After that your APR will be 7.49% to 13.49% 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® Rewards
    9.24% to 15.24% 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® Secured
    9.49% – 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    		MasterCard® Platinum
    7.49% to 13.49% 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® Rewards
    9.24% to 15.24% 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® Secured
    9.49% – 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 PurchasesYour 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 BureauTo 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
    Account Setup FeeNone
    Program FeeNone
    Participation FeeNone
    Additional Card FeeNone
    Application FeeNone
    Transaction Fees
    Balance Transfer Fee - MasterCard® Platinum3.0% of the amount of each balance transfer during 1st 6 months
    Balance Transfer Fee - MasterCard® RewardsNone
    Balance Transfer Fee - MasterCard® SecuredNone
    Cash Advance Fee$5.00 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
    Pay-by-Phone Fee$5.00
    Penalty Fees
    Late Payment FeeUp to $35.00
    Over-the-Credit-Limit FeeNone
    Returned Payment FeeUp to $30.00
    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 six (6) 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 April 27, 2020. 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
    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 $35.00 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 $30.00 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 $30.00 or the amount of the returned convenience check, whichever is less.
    Statement Copy Fee$5.00
    Card Replacement Fee$5.00
  • Consumer
    Consumer Loan RatesTerm in MonthsAPR* as low asSample Payment per
    $1,000 Borrowed
    (based on maximum term)
    Personal Line-of-Credit**
    Maximum Line $20,000    		-8.25%Variable Rate/ Not Applicable
    Personal Loan
    Fixed Rate
    Maximum $20,000    		607.99%$20.27
    Share Secured**
    Variable    		Up to 1203.00%Variable Rate/Not Applicable
    *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 Suffolk Federal representative for additional information, applicable fees and terms.
  • Home Equity
    Real Estate Loan RatesTermAPR* as low asSample Payment Per
    $1,000 Borrowed
    (based on maximum term)
    Fixed Rate Home EquityUp to 5 Years
    > 5 up to 10 Years
    > 10 up to 20 Years    		4.25%
    4.30%
    5.00%    		$18.53
    $10.27
    $6.60
    Fixed Rate Home Equity
    First Mortgage    		Up to 5 Years
    > 5 up to 10 Years
    		3.95%
    4.00%
    		$18.39
    $10.12
    *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 LOC
    Home Equity Line-of-Credit Variable Rate PlansAPR* as low as
    The 1.99% Intro APR Home Equity Line-of-Credit
    Intro for 18 months thereafter as low as 3.25%
    Minimum loan amount of $20,000    		1.99%
    * APR= Annual Percentage Rate. Introductory rate as low as 1.99% good for 18 months from origination date. Introductory APR is based on your creditworthiness and will range from 1.99%APR to 4.99% APR thereafter as low as 3.25%. Rates reflect automatic payment. Effective 18 months from origination date, APR is based on the Prime Rate as published in the Wall Street Journal plus a margin, which is determined by 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 18-month introductory period, the APR may change monthly. Making minimum payments only may result in a balloon payment.

    Rates will be 3.00% higher for Non-Primary Home Equity Line-of-Credit Loans. Minimum loan amount is $20,000. Maximum loan amount is $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. 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. Monthly payments required during both the draw and repayment periods. Payment calculation is based on 20-year amortization. Hazard insurance is required. 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. Applicants who are not approved at these rates may be offered credit at a higher rate.

    Suffolk Federal 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 Federal. For a Home Equity Line-of-Credit: 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 $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. For loan amounts up to $250,000, closing costs are estimated to be between $950 and $2,790. For line amounts up to $500,000, closing costs are estimated to be between $950 and $4,795. Estimates are based on Suffolk County, other counties may have different estimates. 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. Rate index is the Prime Rate as published in the Wall Street Journal. The floor rate is 3.00% APR. Rate not to exceed maximum legal limit for Federal Credit Unions (currently 18%). The Home Equity Line-of-Credit is a variable rate loan and the APR may change monthly after consummation.

    All loans are subject to credit approval and income verification. All rates and terms are subject to change without notice. Please see a Suffolk Federal representative for additional information, applicable fees and terms.
  • Mortgage
    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) 714-2974 for quotes.
  • Savings & Checking
    Savings RatesDividend RateAPY*
    Share Savings Account - $5 Minimum Deposit
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100 - $4,999.990.10%0.10%
    $5,000+0.10%0.10%
    Youth Savings Account1 - $5 Minimum Deposit
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100.00 - $1,000.003.50%3.56%
    $1,000.00+0.10%0.10%
    First Home Club - Based on Predetermined Systematic Deposit Schedule
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100 - $4,999.990.10%0.10%
    $5,000+0.15%0.15%
    First Time Homebuyers Club2 - $100 Minimum Deposit
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100 - $4,999.990.10%0.10%
    $5,000+0.15%0.15%
    Holiday Club Account - $5 Minimum Deposit
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100 - $4,999.990.10%0.10%
    $5,000+0.15%0.15%
    Tax Time Club Account - $5 Minimum Deposit
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100 - $4,999.990.10%0.10%
    $5,000+0.15%0.15%
    Vacation Club Account - $5 Minimum Deposit
    To Earn Dividend:
    $0 - $99.990.00%0.00%
    $100 - $4,999.990.10%0.10%
    $5,000+0.15%0.15%
    IRA/SEP Account
    $0 Minimum Deposit to Earn Dividend0.10%0.10%
    Advantage Checking
    To Earn Dividend:
    $0 - $9,999.990.00%0.00%
    $10,000 Minimum Balance to Earn Dividend0.05%0.05%
    Girl Scouts Free Checking****
    To Earn Dividend:
    $0 - $9,999.990.00%0.00%
    $10,000 Minimum Balance to Earn Dividend0.05%0.05%
    Sharks Checking****
    To Earn Dividend:
    $0 - $9,999.990.00%0.00%
    $10,000 Minimum Balance to Earn Dividend0.05%0.05%
    Max Money Checking
    To Earn Dividend:
    $0 - $9,999.99**0.0%0.0%
    $10,000 - $24,999.99**0.10%0.10%
    $25,000 - $49,999.99**0.11%0.11%
    $50,000+**0.25%0.25%
    Insured Money Market †
    To Earn Dividend:
    $2,500 - $24,999.990.20%0.20%
    $25,000 - $49,999.990.25%0.25%
    $50,000 - $99,999.990.25%0.25%
    $100,000 - $249,999.990.40%0.40%
    $250,000 - $499,999.990.40%0.40%
    $500,000 - $999,999.990.40%0.40%
    $1,000,000+0.40%0.40%
    *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 Federal representatives.

    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 Federal representative for full details.

    **$20 service fee imposed on balances below $3,000.00.

    ****Sharks Checking and Girl Scouts Checking Accounts have the same rates, fees and terms as Advantage Checking Accounts.

    †$15 service fee imposed on balances below $2,500.00.
  • Certificate
    Certificate RatesDividend RateAPY*
    Certificate Accounts - $500 Minimum Deposit
    Includes Regular, IRA/SEP Certificates
    3-Month Certificate0.30%0.30%
    6-Month Certificate0.40%0.40%
    12-Month Certificate0.50%0.50%
    16-Month Certificate0.60%0.60%
    24-Month Certificate0.50%0.50%
    36-Month Certificate0.60%0.60%
    48-Month Certificate0.70%0.70%
    60-Month Certificate0.85%0.85%
    *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 Federal representatives.

Business Rates

  • Business Credit Cards
    Interest Rates and Interest Charges
    Annual Percentage Rate (APR)
    for Purchases    		MasterCard® Business Rewards
    9.75% to 12.75% when you open your account, based on your creditworthiness. This APR is based on the Prime Rate and will vary with the market.
    How to Avoid Paying Interest on PurchasesYour 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 BureauTo learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at www.consumerfinance.gov/learnmore.
    Fees
    Set-up and Maintenance Fees
    Account Set-up FeeNone
    Program FeeNone
    Participation FeeNone
    Additional Card FeeNone
    Application FeeNone
    Transaction Fees
    Foreign Transaction Fee1.00% of each transaction in U.S. dollars
    Transaction Fee for PurchasesNone
    Pay-by-Phone Fee$5.00
    Penalty Fees
    Late Payment Fee$25.00
    Over-the-Credit Limit FeeNone
    Returned Payment Fee$25.00
    How We Will Calculate Your Balance. We use a method called “average daily balance (including new purchases).”

    Effective Date. The information about the costs of the card described in this application is accurate as of April 27, 2020. This information may have changed after that date. To find out what may have changed, contact the Credit Union.
    Additional Disclosures
    Late Payment Fee$25.00 when minimum payment is not made within three days of the payment due date
    Statement Copy Fee$5.00
    Card Replacement Fee$5.00
  • Business Savings
    Deluxe Business Checking
    To Earn Dividend:    		Dividend RateAPY*
    $0 - $49,999.99*0.30%0.30%
    $50,000 - $99,999.990.35%0.35%
    $100,000.00+0.40%0.40%
  • Business Loans
    Business Loan RatesTerm in MonthsAPR* as low asSample Payment per
    $1,000 Borrowed
    (based on maximum term)
    Business Overdraft Line-of-Credit
    Maximum Line $20,000    		-8.25%Variable Rate/Not Applicable