Personal Savings

Statement Savings

A great, traditional savings account to help you begin your personal savings plan.

 

Benefits and Features

  • Low minimum balance required
  • Use as overdraft protection for your checking account
  • The security of FDIC coverage
  • Interest on money you save

Requirements:

  • The minimum deposit for opening this account is $100
  • $300 Minimum Daily Collected Balance¹
  • No monthly maintenance fee if balance requirement is maintained
  • $3 per month if balance requirement is not maintained
  • $2.50 excessive withdrawal fee (over 3 per statement period)²

 

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Junior Savings

It is never too early to learn about the value of saving money. Start your favorite young person out on the right foot with our Minor Savings Account.

  • The minimum deposit for opening this account is $25
  • No minimum balance requirement or monthly maintenance fee
  • $2.50 excessive withdrawal fee (over 3 per statement period)²

 

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Christmas Club

Save for the holidays or any special occasion with a SuffolkFirst Bank Christmas Club

  • $20 minimum opening deposit
  • Maintain a $100 average balance throughout the club year to avoid a service fee.  Annual Percentage Yield (APY) paid on all balances in club account
  • Interest compounded at maturity
  • No withdrawals are allowed during the club period.  Penalty applied for any withdrawals or if account is closed before the end of the club year
  • For your convenience, automatic transfers can be set up to make deposits to your Christmas club from your SuffolkFirst Bank checking account.  You choose the time and amount to save
  • At the end of the club period, the bank will mail a check to you or deposit your club account balance into your SuffolkFirst Bank checking account
  • Account is renewable each year

 

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Certificates of Deposit (CD)

Earn high rates of interest with safety and security.  SuffolkFirst offers a variety of certificates of deposit that provide you with a choice of terms from 90 days to 5 years.   Our certificates of deposit offer a guaranteed rate for the complete term.

  • Flexible maturity periods available
  • Competitive rates
  • $500 minimum balance to open for most terms

 

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Individual Retirement Account (IRA)

We make planning for your retirement convenient and easy with our Individual Retirement Accounts. Whether you are just starting your retirement fund or supplementing an existing plan, we have the IRA that is right for you.

  • Flexible terms from 90 days to 60 months
  • Interest may be tax deferred or tax deductible
  • Rollover funds from existing IRS’s or employer’s retirement plan
  • Roth and Traditional plans available
  • Competitive rates

For information about IRA investments, click here. 

 

 

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¹The minimum daily collected balance is the current daily ledger balance less the amount of any checks deposited that are in the process of being collected.
 
²The excess withdrawal fee is assessed, regardless of the balance, if more than six pre-authorized, telephone funds transfers or third party transactions are paid during the statement period. The fee is assessed at the time of withdrawal.
 
Transaction Limitations: Federal banking regulations limit you to six pre-authorized, telephone or online transfers to your other SuffolkFirst Bank Accounts or to third parties. Additionally, this limitation includes checks, drafts or similar orders you make payable to a third party. The limitation applies per statement period. If you routinely exceed these limitations, the Bank may close the account or convert it to a checking account.