It Pays to Join These Clubs
Looking for a way to easily save for your first home, the winter holidays, a vacation or tax season? Suffolk Federal’s Savings Club accounts take the stress and work out of saving for big purchases or life events.
Opening a Club account is easy: With an initial deposit of only $5, you decide how much and how often you want to deposit though a branch location, transfers from another Suffolk Federal account by Member Telephone Service or Online Banking, or through Direct Deposit and/or Payroll Deduction.
The First Home Club helps you start saving now so you can concentrate on the excitement of searching for your first home. For each $1 saved, eligible members can receive $4 in matching grant funds (up to $7,500*) to use toward your down payment and your closing costs.
- First Home Club Application
- Eligibility Requirements
- First Home Club in 10 Easy Steps
- See How Your Savings Can Add up
- Additional forms are required to be completed by applicants including Borrowers Certification & Authorization; Employment History and Child Support Statement. To obtain this documentation, please visit your local branch.
Our mortgage experts provide the financing options you need, while treating you with the respect and dedication that all of our members deserve. To learn more, call 631.924.8000 or email us.
Should you not qualify for the FHC program, Suffolk Federal additionally offers the First Time Home Buyers Club account.
The Holiday Club helps you easily save for the holiday season and transfers funds to your savings account during the first week of October, so you can get a head start on shopping! A $10 fee will be imposed for any early withdrawals.**
The Vacation Club makes saving for a getaway—or anything else—a breeze. One penalty-free withdrawal is allowed per month; additional withdrawals will incur a $10 fee.**
The Tax Time Club makes paying your property taxes—or potential federal and state taxes owed—less stressful. One penalty-free withdrawal is allowed per quarter; additional withdrawals will incur a $10 fee.**