Temporary Changes to Branch Availability

All branches are closed Thursday, November 26, 2020, in observance of Thanksgiving Day. 

Click here to see temporary changes to branch availability at our Bedford, Cambridge (Mt. Auburn Hospital), Concord, Dorchester (South Bay Center), JFK, McCormack, MITRE Bedford, MITRE McLean (Virginia), Moakley, Natick, and O'Neill branches.

Traditional and Roth IRAs

Guaranteed return & federally insured

Traditional and Rollover IRAs

IRA Savings Account

  • Full flexibility, no risk.
  • Ideal to build balances under $2,000.

IRA Certificates

  • Make a commitment, reap the rewards.
  • Establish your certificate with as little as $500.
  • Choose your term: 6, 12, 18, 30, or 60 months.

IRA Money Market Account

  • Enjoy flexibility with higher yields.
  • Enjoy rates higher than the IRA Share Account when you keep a balance of at least $2,000.

Consult with a tax adviser to determine what options may be best for you in your unique situation.

Roth IRAs

  • Allows you to withdraw earnings tax free if they remain in the Roth IRA for at least 5 years and you are 59½ or older.
  • Contributions are non-deductible and may be withdrawn anytime without penalty or taxation.
  • Make contributions even after you reach age 70½ and have earned income.
  • Distributions are not required after age 70½.

Consult with a tax adviser to determine what investment options may be best for you in your unique situation.

Rates

Table data for Traditional and Roth IRAs
 Rates effective 11-25-2020
Dividend Rate APY1 Alert Me
IRA Share Account (min. bal. $1) 0.10% 0.10% Receive a notification when this rate changes
IRA Money Market (min. bal. $2,000) Dividend Rate APY1 Alert Me
Balance less than $2,000.00 0.00% 0.00% Receive a notification when this rate changes
$2,000.00 - $9,999.99 0.10% 0.10% Receive a notification when this rate changes
$10,000.00 - $24,999.99 0.20% 0.20% Receive a notification when this rate changes
$25,000.00 - $49,999.99 0.25% 0.25% Receive a notification when this rate changes
$50,000.00 - $74,999.99 0.25% 0.25% Receive a notification when this rate changes
$75,000.00 - and over 0.35% 0.35% Receive a notification when this rate changes
IRA Certificates (min. bal. $500) Dividend Rate APY2 Alert Me
6 Month 0.40% 0.40% Receive a notification when this rate changes
12 Month 0.60% 0.60% Receive a notification when this rate changes
18 Month 0.70% 0.70% Receive a notification when this rate changes
30 Month 0.75% 0.75% Receive a notification when this rate changes
60 Month 1.00% 1.00% Receive a notification when this rate changes
  • 1IRA. APY = Annual Percentage Yield. The minimum to open this account is $1.00 (for the IRA Share Account) and $2,000 (for the IRA Money Market Account). For this type of account, the dividend period is monthly, for example, the beginning date of the first dividend period of the calendar year is January 1, and the ending date of such dividend period is January 31. All Other dividend periods follow this same pattern of dates. The dividend declaration is the last day of the dividend period, and for the example above is January 31. If you close your account before dividends are paid, you will not receive the accrued dividend. Your funds at Hanscom FCU are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government. Please refer to the Disclosure for Personal Accounts for more information.
  • 2APY = Annual Percentage Yield.

Consult with a tax adviser to determine what options may be best for you in your unique situation.

eBrochures

Get the information you need to make the best decision for you.

Answers to your questions - Traditional and Roth IRAs Answers to your questions - Traditional IRAs Answers to your questions - Roth IRAs Answers to your questions - Transfers, Rollovers, and Conversions Answers to your questions - IRA and Retirement Plan Distributions Answers to your questions - Inherited IRAs Answers to your questions - Coverdell ESAs Answers to your questions - Retirement Plans Answers to your questions - SEP, SIMPLE IRA, and Individual(k) Plans

Consult with a tax adviser to determine what investment options may be best for you in your unique situation.

Reviews

Great value, fast and easy

5

Lisa who handles the IRAs is extremely friendly, helpful and knowledgeable.

NH

true

Ability to talk to a knowledgeable person via the telepho

1

90 % of the time you get the call center. They can not spell HFCU and are totally brain about HFCU services. I would rather have to leave a message and have a knowledgeable HFCU person call me back. The call center is a total waste of HFCU's funds.

NH

false

Best rates around

5

The rates are the best around and the people that work at all the branches are very knowledgeable and very helpful. I personally have been with HFCU for over 40 years ....

Dracut Massachusetts

true

quIck

5

Quick response when I asked.

nashua nh

true

Great service.

5

Served excellent. An excellent communication.

Dracut, MA

true

Great service.

5

Even though I delayed getting my CD renewal returned in a timely manner- the staff was able to quickly and efficiently do as I requested -getting me a great rate for a fairly short term. Always happy with their service - even though most of it is long distance or on-line.

Barnstable County

true

Super help from the Credit Union customer service rep.

5

Your rep was efficient, pleasant to deal with, and took care of my requests to update my IRA certificates and CDs. Excellent help and easy to understand.

Gainesville FL

true

Great Customer Serrvice

5

Great Customer Service and products.

Massachusetts

true

Easy and painless

5

I am always impressed with the high standard of professionalism in the staff at Hanscom Federal Credit Union. Thank you for making this a more pleasant experience.

Massachusetts

true

GOOD

4

outstanding

boston, ma.

true

Traditional and Roth IRAs

4.6 21

95.0