Northwell
All Northwell team members can open the new Northwell Savings+ Account![1]
The Northwell Savings+ Account earns 2.00% APY.[2]
Eligible team members[3] who establish a Northwell Savings+ Account with Bethpage Federal Credit Union will receive a 10% match from Northwell on the first $500 contributed annually to the Northwell Savings+ Account through a direct deposit from their paycheck, up to a maximum match of $50 annually.
To learn more or to open an account, schedule a virtual appointment today.
SCHEDULE AN APPOINTMENT
How it works:
1
Open a Northwell Savings+ Account with Bethpage by scheduling a virtual appointment
2
Set up a direct deposit from your Northwell paycheck to Northwell Savings+ Account via myExperience
3
10% match contributions from Northwell will be made annually, up to a max of $50
Frequently Asked Questions
Northwell Savings+ Program
Eligible team members who establish a Northwell Savings+ Account with Bethpage will receive a 10% match from Northwell on the first $500 contributed annually to the Northwell Savings+ Account through direct deposit from their Northwell Health paycheck, up to a maximum match of $50 annually.
Eligible team members are those in benefit group 3, scheduled to work 18.75 or more per week as well as collectively bargained team members who participate in Northwell Health’s non-union benefits (excludes UFT and 1199). Eligible team members must also be in active service and have a Northwell Savings+ Account open/active as of December 31 to receive the Northwell 10% match for that calendar year.
For team members who are eligible for the Northwell Savings+ Program, Northwell’s contribution will be deposited by no later than January 31 of the following year. The Northwell Savings+ Account must remain open to receive the contribution. Northwell’s contribution will be reported on the team members’ W-2.
All Northwell active team members are eligible to open a Northwell Savings+ Account, however only team members in benefit group 3, scheduled to work 18.75 or more per week as well as collectively bargained team members who participate in Northwell Health’s non-union benefits (excludes UFT and 1199)are eligible to receive the Northwell Savings+ Program annual employer contribution.
You will need your driver’s license, Social Security Number and employee ID.
The Northwell Savings+ Account is a product that was specifically created for the Northwell Savings+ Program, and is eligible for 10% match from Northwell, provided all other criteria are met. Your existing Bethpage Savings Account is the account that establishes membership with Bethpage, separate and apart from the Northwell Savings+ Program, and is not eligible for Northwell contributions. For current dividend rate and annual percentage yield information for the Northwell Savings+ Account please visit LoveBethpage.com/NorthwellSavings.
Please watch this video. If you need additional assistance, please use our digital assistant AskHR available 24/7.
If you stop working for Northwell, the Northwell Savings+ Account will automatically convert to a Savings Account within thirty (30) days of notice of your separation from service.
Applicable dividends earned on the Northwell Savings+ Account will be reported by Bethpage on IRS Form 1099-INT and sent to your home address. Northwell’s contribution as part of the Northwell Savings+ Program will be reported on your Northwell W-2. We recommend speaking with your tax professional for additional guidance.
If you have additional questions, please contact the HR Service Center at 516-734-7000, Monday through Friday, 8:00 a.m. to 6:00 p.m. or use or new AskHR digital assistant via myExperience, available 24/7.
For information regarding the Northwell Savings+ Program, please contact the Northwell HR Service Center at (516) 734-7000.
IMPORTANT INFORMATION
To obtain access to the advertised financial products and services offered by Bethpage, membership is required, which is subject to approval and requires opening and maintaining a $5 Savings Account. Must be a US citizen or permanent resident alien.
[1] Northwell Savings+ Accounts are only available to active Northwell team members. Proof of employment is required to open and maintain a Northwell Savings+ Account. There is a limit of one (1) Northwell Savings+ Account per Northwell Health team member. In the event you cease employment with Northwell, the Northwell Savings+ Account will automatically convert to a Savings Account within thirty (30) days of notice of your separation from service. Bethpage reserves the right to discontinue offering this account at any time.
[2] APY=Annual Percentage Yield. APY is accurate as of and subject to change, including after account opening, without notice. There is no minimum balance required to open account and to earn the APY.
[3] Northwell Savings+ Program Eligibility: Eligible team members are those in benefit group 3, scheduled to work 18.75 or more per week as well as collectively bargained team members who participate in Northwell Health’s non-union benefits (excludes UFT and 1199). Contributions to the Northwell Savings+ Account must be made via direct deposit from your Northwell Health paycheck, set up via myExperience in order to receive the 10% match from Northwell on the first $500 contributed annually up to a maximum match of $50 per year. You must be an ACTIVE (includes death, disability or retirement), ELIGIBLE TEAM MEMBER AND HAVE AN OPEN ACCOUNT ON DECEMBER 31 to receive the Northwell match for that calendar year. The match will be deposited into the Northwell Savings+ Account by January 31 of the following year. Northwell’s match contribution will be reported on your W-2. The above is intended only as a summary of the Northwell Savings+ Program offered by Northwell Health as of May 2024. Northwell Health reserves the right to add or terminate the Northwell Savings+ Program at its sole discretion. Eligibility and qualifications are fully outlined in the Northwell Savings+ Program details which are available on Northwell Connect or by contacting the HR Service Center at (516) 734-7000.
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