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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  • Funds may be withdrawn without penalty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)

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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Quincy Credit Union 100 Quincy Avenue Quincy, MA 02169 Email Phone: (617) 479-5558 Fax: (617) 479-1209
519 Columbian Street Weymouth, MA 02190 Email Phone: (781) 340-7117 Fax: (781) 340-7199 Toll Free: (866) 479-5558

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.
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