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Investment Accounts

Money Market Deposit Account

  • Earn a higher yield than a Share Savings Account
  • Funds may be withdrawn without penalty
  • Dividends are earned and paid monthly
  • Minimum daily balance to open and earn Annual Percentage Yield is $2,500

  Share Certificates

  • Customize the terms of your investments ranging from 6 months to 84 months
  • Term deposit accounts typically earn higher interest rates than other accounts
  • Dividends are earned and paid monthly

Individual Retirement Accounts

Traditional IRA

  • Dividends are tax-deferred until withdrawal
  • Most annual contributions may be tax-deductible
  • Required to start withdrawing money after age 70½

Roth IRA

  • Annual contributions are not tax-deductible
  • More flexible features
  • Not required to start withdrawing money after age 70½

When you withdraw the dividends, you pay no taxes if the funds have been in the account at least five years and have one of the following conditions:

  • You are over 59½ years of age or
  • You become disabled or
  • You are a first time homebuyer (up to $10,000 maximum withdrawal)


Retirement 101

Everfi Retirement 101 Module


Planning for Retirement Expenses (Calculator)

Everfi Retirement Calculator


Coverdell ESA

The Coverdell Education Savings Account (ESA), formerly known as an Education IRA, is a trust or account in the name of the student. Unlike a 529 Plan, which is only designed to pay for postsecondary education expenses, the ESA can be used to pay for elementary and/or secondary (high school) education.


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QCU offers financial products and services to individuals who live or work in Norfolk and Plymouth Counties and Dorchester, as well as their families. A $5.00 Primary Share Account is required for Membership. Quincy Credit Union NMLS ID # 407326. Quincy Credit Union ABA Routing and Transit Number: 211385297.
NCUAco-ophudMSIC Brochure


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