When you join Qside, your first account will be a Savings Account (“Share Savings” Account), which requires a minimum balance of just $25.00. This account establishes your membership and allows you to earn competitive dividends on a monthly basis while giving you easy access to your funds.

Features:

• Establishes your Qside membership
• $25 minimum deposit and balance
• Competitive rates with dividends paid to you monthly
• ATM Card*
• Online Banking
• 24-Hour Telephone Banking
• Opening deposits accepted by mail, account transfers, Direct Deposit, Payroll Deduction, and at branch locations
• Access to over 28,000 surcharge-free ATMs throughout the U.S. and Canada 
• Access to over 6,000 shared branch locations throughout the U.S.

Your Money Is Safe With Us 

All Qside accounts are federally insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.  No one has ever lost a penny placed in trust with a federally insured credit union.


*If you choose to also open a checking account, you can link your savings account to your checking account’s ATM/Visa Debit Card.

Long term or short term, the savings are on your terms as a member of Qside Federal Credit Union.  We offer a large selection of savings and investment products with high yields, which is one of the terrific advantages of banking with us.  We have the accounts, fee structures and competitive rates you need to round out your portfolio, turn dreams into realities and protect against surprises along the way.


Choose from Qside’s Savings and Investment Products:

• Savings Accounts
• Money Market Accounts
• Certificates of Deposit (CDs)
• Bump Up CDs
• Individual Retirement Accounts (IRAs)
• Holiday and Vacation Savings Accounts

Your Money Is Safe With Us 

All Qside accounts are federally insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.  No one has ever lost a penny placed in trust with a federally insured credit union.

Looking to get more bang for your buck?  A Qside Money Market account helps you grow your money faster and without risk.

This no-risk, easy-access account pays a high yield on your balance, allows you to withdraw money up to six times, and comes with a checkbook for your Money Market account withdrawals.

Features:

• $5,000 minimum balance requirement
• Competitive rates with dividends paid to you monthly
• Up to six withdrawals permitted at no fee
• Comes with a checkbook for account withdrawals
• Opening deposits accepted by mail, account transfers, Direct Deposit, Payroll Deduction, Qside’s branch location as well as over 6,000 shared branch locations throughout the U.S.

Your Money Is Safe With Us

All Qside accounts are federally insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.  No one has ever lost a penny placed in trust with a federally insured credit union.

If "safe" is your comfort level, Qside CDs are the right investment for you. 

Qside CDs are secure, low-risk investments that offer higher dividends than regular savings accounts without having to meet high minimum balance requirements.  Our Qside CDs are available in terms of 6 months to 3 years.

Features:

• $500 minimum deposit requirement
• Competitive rates
• Dividends paid to you semi-annually
• Terms of 6 months, 1 year, 2 years or 3 years
• Check CD balances with Online Banking and 24-Hour Telephone Banking
• Opening deposits accepted by mail, account transfers, at Qside’s branch location as well as over 6,000 shared branch locations throughout the U.S.

Your Money Is Safe With Us 

All Qside accounts are federally insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.  No one has ever lost a penny placed in trust with a federally insured credit union.

Invest in a Bump Up CD at Qside, and if our rate goes up during your term, you can request us to rewrite your CD at the higher rate without penalty. If our rate goes down during your CD’s term, your rate remains the same.  You can “bump up” your CD’s rate only once during the three-year term.


Features:

• $500 minimum deposit requirement
• 3 year term
• Competitive rates with dividends paid to you monthly
• If our rate increases during your term, you may request us to rewrite your CD at the higher rate without penalty
• If our rate decreases during your term, your rate remains the same
• One rate bump up permitted per term
• Check CD balances with Online Banking and 24-Hour Telephone Banking
• Opening deposits accepted by mail, account transfers,at Qside’s branch location as well as over 6,000 shared branch locations throughout the U.S.

Your Money Is Safe With Us 

All Qside accounts are federally insured for up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.  No one has ever lost a penny placed in trust with a federally insured credit union.

Qside IRAs help you grow your money so it’s there when you need it most.  We offer Traditional, Roth and Coverdell Education IRAs, all available as IRA Savings Accounts or IRA Certificates.  Whether you’re opening your first IRA or rolling over a 401(k) from a former employer, Qside has an option for you.


Traditional IRA

With a Traditional IRA, contributions are made prior to income taxes and continue to grow tax-deferred, incurring taxes only when funds are withdrawn.  Contributions may also be tax-deductible depending on the owner’s qualifications.  Traditional IRAs may be of interest to individuals who want immediate tax benefits due to its tax-deductible terms. 
 

• Contributions grow tax-deferred.  Taxes must be paid only when funds are withdrawn.
   
• Contributions are tax-deductable.
   
• Contribution limit is $5,000 (pre-taxes).  If you're age 50 and above, the contribution limit is $6,000 (pre-taxes).
   
• Distributions must occur at age 70.5
   
• No withdrawal penalty for members ages 59 ½ and above or for withdrawals involving qualifying education or first home expenses.  There are further possibilities to avoid withdrawal penalties.      
   
• Eligibility  -  Income must be equal to or greater than your contribution and will not reach age 70 ½ by year end. 
   

Roth IRA

With a Roth IRA, contributions are made after initial income taxes but proceed to grow tax-free.   A Roth IRA has fewer withdrawal restrictions than other IRAs and may be of interest to individuals who will need access to their IRA funds.  
 

• Contributions are made after initial income taxes but then grow tax-free.
   
• Contributions are not tax-deductable.
   
• Contribution limit is $5,000 (post-taxes).  If you're age 50 and above, the contribution limit is $6,000 (post-taxes).
   
• Withdraw direct contributions tax-free, anytime.
   
• Withdrawals of earnings (interest earned on direct contributions) are tax-free for members over age 59 ½ or if the Roth IRA has been open for at least five years with stipulations.
   
• No requirements to withdraw money by a certain age, allowing your investment to continue growing tax-free.
   
• Eligibility  -  Income must be equal to or greater than your contribution.  There are no age restrictions.
   
• May convert  a Traditional IRA to a Roth IRA.
   

Coverdell Education Savings Account

Coverdell Education Savings Accounts are designed to help parents and students save for education.   Contributions are made after initial income taxes and are not tax-deductible.  The investment grows tax-free and withdrawals are also tax free when used for qualifying education expenses.  
 

• Contributions are made after initial income taxes but then grow tax-free.
   
• Contributions are not tax-deductable.
   
• Contribution limit is $2,000 (post-taxes) per year, per beneficiary / child.
   
• Withdrawals are tax-free when used for qualifying education expenses (including public / private elementary, secondary and post-secondary schools).
   
• Eligibility  -  Beneficiary / child must be under 18 years old.  Does not apply to beneficiaries / children with special needs.

401(k) Rollover

There are definitely advantages to rolling your 401(k) over into a Qside IRA account, including access to more investment options as well as more direct control over the management of your retirement fund.  Review the Qside IRA options above and contact us to start your 401(k) Rollover today.

APPLY TODAY

Click here to apply for an IRA certificate.

To apply for an IRA savings account, simply call a Member Service Representative at (718) 353-1300 and ask us to mail the appropriate IRA application form to you. 

Qside offers two types of Club Savings Accounts to help you save for purchase-heavy times like the holidays and vacations.  With the Holiday Club Savings Account or Vacation Club Savings account, deposit money throughout the year and withdraw the balance when you need it the most.

Holiday Club Savings Accounts


Plan ahead for holiday gift shopping with a Qside Holiday Club Savings Account.  You'll feel comfortable knowing that your money will be there when the holiday bills start rolling in.

• Deposited funds are held in the Holiday Club Savings Account until October 1, then transferred to your regular Savings Account for use and withdrawals
• Competitive rates
• Opening deposits accepted by mail, account transfers, Direct Deposit, Payroll Deduction,  or at branch locations
• No minimum or maximum balance requirements
• No deposit requirements – increase, decrease or skip deposits anytime
• Enroll anytime with flexible terms – sign up for continuous enrollment or just for a limited time period
• Withdrawals are permitted prior to the October 1 maturity date, however penalties apply* 

*Withdrawals made prior to the October 1 maturity date will incur a loss of all dividends earned


 

Vacation Club Savings Accounts
 

Put some money aside each month so when you're most in need of a break, you can afford to take one – without dipping into your regular savings.

• Deposited funds are held in the Vacation Club Savings Account and can be withdrawn twice per year without penalty.  After the first two withdrawals, accounts are deducted $1 per withdrawal.
• Competitive rates
• Opening deposits accepted by mail, account transfers, Direct Deposit, Payroll Deduction,  or at branch locations
• No minimum or maximum balance requirements
• No deposit requirements – increase, decrease or skip deposits anytime
• Open or close the account anytime