Earn More—and Save More—with Our Great Business Rates. We See It Too!
Because Suffolk Federal is a credit union, we offer local Long Island businesses some of the best rates around—from savings and credit cards to commercial mortgages, lines-of-credit and loans. See for yourself.
- Business Credit Cards
Interest Rates and Interest Charges Annual Percentage Rate (APR)
MasterCard® Business Rewards
11.25% to 14.25% 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 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 at www.consumerfinance.gov/learnmore. Fees Set-up and Maintenance Fees Account Set-up Fee None Program Fee None Participation Fee None Additional Card Fee None Application Fee None Transaction Fees Foreign Transaction Fee 1.00% of each transaction in U.S. dollars Transaction Fee for Purchases None Pay-by-Phone Fee $5.00 Penalty Fees Late Payment Fee $25.00 Over-the-Credit Limit Fee None 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 January 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 Rate APY* $0 - $49,999.99* 0.30% 0.30% $50,000 - $99,999.99 0.35% 0.35% $100,000.00+ 0.40% 0.40%*$20 service fee imposed on balances below $5,000.00.
- Business Loans
Business Loan Rates Term in Months APR* as low as Sample Payment per
(based on maximum term)
Business Overdraft Line-of-Credit
Maximum Line $20,000
- 8.25% Variable Rate/Not Applicable