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Bethpage Savings

With competitive rates and a variety
of products, Bethpage is your top
choice for savings in Queens.

Achieve your savings goals with Bethpage

Establish a solid foundation for your financial future with a Bethpage Federal Credit Union savings account. Whether you’re saving for yourself or a loved one, our range of products and competitive interest rates make preserving and growing wealth easy.

Big Projects
Major Events
Financial Planning

Save for today … and tomorrow

Any age is the right age for a Bethpage savings account. Great rates and no monthly fees put you on the fast track to reaching your goals.* Open an account with as little as $5.

Saving over 21

Savings

(For ages 21 years and over)
  • Funds can be deposited or withdrawn at any time
  • Access to online and mobile banking
  • Deposits can be made through direct deposit, payroll deduction or as automatic transfers from other accounts
savings 18-20

Young Adult Savings

(For ages 18-20)
  • 4.00% APY on the first $1,000 **
  • Grows as you grow, no matter where you are

savings under 18

Youth Savings
Custodial (NYUTMA)

(For ages under 18)
  • 4.00% APY on the first $1,000 **
  • Teaches your child the value of money while you maintain account control

Savings Account Frequently Asked Questions

► How do I open a savings account?
► What do I need to open a savings account?

To open a savings account, you will need to have the following available:

  1. Your Social Security number
  2. Your driver's license or government issued ID for identity verification
  3. The information above for the joint owner of your account, if applicable

A one-time, $5.00 deposit is required to open a savings account.
To open a Youth Savings Custodial (NYUTMA) account online, either the custodian or child must reside in New York State.

► Can I do my banking in person if there aren’t any Bethpage branches near me?

Absolutely. Bethpage is part of the nationwide CO-OP Shared Branch network that gives you access to over 30,000 surcharge-free ATMs and 5,000 Shared Branch locations where you can perform several basic transactions. Learn more about our free ATMs and Shared Branches and how to find a location nearest you.

► Who is the account owner of a Youth Savings Custodial (NYUTMA***) account?
► Who is the account owner of a Young Adult Savings account?

The account opener has full control.

► Is my savings account insured?

Yes, all Bethpage Federal Credit Union deposit accounts are insured up to $250,000 through the National Credit Union Administration (NCUA).

► What is the difference between NCUA and FDIC insurance?

The National Credit Union Administration (NCUA) is the independent federal agency created by the United States Congress to regulate, charter and supervise federal credit unions.

The NCUA operates the National Credit Union Share Insurance Fund (NCUSIF) to protect accounts at federally insured credit unions such as Bethpage for up to $250,000. The NCUA's share insurance coverage is similar to the deposit insurance coverage offered by the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits.

* Fees associated with insufficient funds will apply as necessary.

** Annual Percentage Yield (APY) effective and is subject to change without notice. Additional verification may be requested for account opening. Program and terms subject to change. 4.00% APY is earned on balances up to $1,000, balances higher than $1,000 earn .35% APY. $5 minimum balance to open. Fees or other conditions could reduce earnings. Consumer accounts only. Certain restrictions may apply. At the age of 21, Savings accounts are automatically converted to a basic savings account and checking accounts are automatically converted to an adult checking account.

*** The Youth Savings Custodial UTMA Account is governed by the New York Uniform Transfers to Minors Act ("NYUTMA"). This account can only be opened online if the custodian or the minor is a resident of New York State and by opening such an account you agree that this account will be governed by NYUTMA. All funds deposited in the account irrevocably become the property of the minor, but are to be managed for the minor's benefit by the custodian until the minor reaches the age of majority, at which time the custodian is responsible for distributing the funds to the minor. Only one custodian (who must be 21 or older) and one minor are allowed per account. The NYUTMA imposes certain fiduciary and record keeping obligations on an NYUTMA account custodian and requires that interest earnings are reported to the IRS under the minor's Social Security number. Bethpage Federal Credit Union has no duty to monitor or ensure that the acts of the custodian are for the use or benefit of the minor or comply with the NYUTMA, or are otherwise permissible exercises of the custodian's powers under the NYUTMA. If you are not certain whether NYUTMA account is the right choice for you, we strongly urge you to first seek professional legal, tax, investment and/or estate planning advice. The offering of NYUTMA accounts should not be construed in any way as the providing of legal or tax advice by Bethpage Federal Credit Union.