Individual Retirement Accounts (IRAs)
Quest IRAs are one of the best savings tools available today. This is a personal retirement plan where a share certificate or savings account is the savings instrument used to accumulate the deposits. We offer Traditional, Roth, and Educational IRAs.
Feature and Benefits:
Possible tax savings on current income.
Retirement savings plan.
Effective January 1, 2015, the state of Kansas has changed its IRA state withholding rate from 5.0% to 4.5%. For members living in the State of Kansas and receiving IRA scheduled payments, Quest cannot automatically update your tax withholding elections. If you would like to modify the rate withheld from your periodic payments to 4.5%, please contact a Member Service Representative.
This high-yield savings account earns the current rate of interest. Quest members can choose the number of months to invest the funds depending on current certificate products available.
Features and Benefits:
$500 minimum deposit.
Interest may be credited to account or rolled back into certificate for maximum earnings.
Rate of interest is fixed until maturity.
No fees or charges to maintain a share certificate.
May incur penalty for early withdrawal. Quest does not accept share certificates for financial institutions.