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Special Purpose Savings Account

Best for members interested in saving for vacations, home renovations or large purchases.

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Saving for vacations, home upgrades, new technology and college can be tough.

Our special purpose account gives you a way to dedicate funds to specific goals. At Bethpage, we offer our members Special Purpose Accounts to help them reach their spending goals.

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Features of a Bethpage Special Purpose Account

No monthly maintenance fees
Federally Insured by NCUA[1]
Minimum opening deposit of $1.00
Dividends compounded and credited quarterly
No restrictions on dollar amount withdrawn or deposited
Scheduled payouts can be automatically transferred to a Bethpage checking or savings account

Benefits of a Bethpage Special Purpose Account

  • Easier to start saving with a low initial deposit
  • Peace of mind knowing money will be available when needed
  • Convenient deposit and payout methods
  • Earn dividends from day of deposit until day of withdrawal

Have questions about a Bethpage Special Purpose Account?

Get answers in our FAQs below.

You will need a photo ID such as a driver’s license, state identification card or passport. You will also need your Social Security Number.

If you are currently not a Bethpage member, you will need to establish membership with Bethpage by opening and depositing $5 into a Savings Account. You must be a U.S. citizen or permanent resident alien.

There is a minimum deposit of $1.00 to open a Bethpage Special Purpose Account.

You can make deposits to your Bethpage Special Purpose Account at any of our branches, through online banking or automatic transfers from your Bethpage savings or checking account.

 

To obtain access to the advertised financial product and service 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] The National Credit Union Administration (NCUA) share insurance coverage applies to each share owner, per insured credit union, for each ownership category. For more information on NCUA’s share insurance, please visit www.ncua.gov or call toll-free 1-800-755-1030, option 1

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