Take your savings to new heights with our rising rates.
Certificate Accounts offer you higher dividend rates with terms of 6, 12, 24, 29, and 36 months. Whether you have a low or high balance, Hughes can help grow your investment.
Many of our rates have been certified as outperforming the Tucson market consistently, as reported daily by Datatrac†, the largest independent research firm that compares interest rates for banks and credit unions in the U.S.
Explore your options and find a savings option that works for your financial goals.
Certificate Account
Minimum balance $1,000. Rates on this account are competitive, and dividends are compounded daily and credited monthly.
Mini-Jumbo Certificate Account
Minimum balance of $50,000. Enjoy higher dividend rates on this account for having a bigger balance.
Jumbo Certificate Account
Minimum balance of $99,000. Rates on these accounts are the highest offered on our certificate accounts.
What’s the difference between a certificate account and a certificate of deposit (CD)?
The main distinction between a certificate account and a certificate of deposit (CD) is that credit unions issue a certificate account and a certificate of deposit is issued by banks.
Similar to a CD, a certificate account allows you to earn more with a higher fixed interest rate in exchange for keeping your money locked in an account for a certain amount of time, also known as the term.
Once the certificate account matures, you’ll receive your principal balance (what you initially deposited) plus any interest accrued. You then have the option to cash out or reinvest your money into another certificate account.
Certificate accounts at credit unions are insured by the National Credit Union Administration (NCUA) so they can be considered a relatively low-risk savings option. The NCUA is the independent federal agency that administers the National Credit Union Share Insurance Fund. Certificate accounts carry minimum balance requirements but you can start saving
with as little as $1,000.
Rates
3.30% APY*
6 Mo. Certificate • $1,000 Min. Balance
3.35% APY*
6 Mo. Certificate (Mini-Jumbo) • $50,000 Min. Balance
3.41% APY*
6 Mo. Certificate (Jumbo) • $99,000 Min. Balance
3.82% APY*
12 Month Certificate • $1,000 Min. Balance
3.87% APY*
12 Mo. Certificate (Mini-Jumbo) • $50,000 Min. Balance
3.92% APY*
12 Mo. Certificate (Jumbo) • $99,000 Min. Balance
4.34% APY*
24 Mo. Certificate • $1,000 Min. Balance
4.39% APY*
24 Mo. Certificate (Mini-Jumbo) • $50,000 Min. Balance
4.45% APY*
24 Mo. Certificate (Jumbo) • $99,000 Min. Balance
4.60% APY*
29 Mo. Certificate • $1,000 Min. Balance
4.65% APY*
29 Mo. Certificate • $50,000 Min. Balance
4.71% APY*
29 Mo. Certificate (Jumbo) • $99,000 Min. Balance
4.86% APY*
36 Mo. Certificate • $1,000 Min. Balance
4.92% APY*
36 Mo. Certificate (Mini-Jumbo) • $50,000 Min. Balance
4.97% APY*
36 Mo. Certificate (Jumbo) • $99,000 Min. Balance
Features & Benefits
- Minimum balance is $1,000
- Competitive rates
- Insured by NCUA
Term Options
Terms of 6, 12, 24 and 36 months offered.
Easy Application Process
Skip the branch visit and apply online!FAQ
Certificate Accounts Frequently Asked Questions
Certificate accounts from credit unions and certificates of deposit (CD) from banks are both high-yield deposit accounts issued for a fixed period of time. These accounts usually earn higher dividends than other savings options.
No, we do not allow partial withdrawals. The account would have to be closed and an early withdrawal penalty would apply.
Yes! Log in to Hughes and go to Accounts > Open Account.
If you are currently a member, log in to your Hughes Online Banking and review our Share Accounts and Disclosures. If you are not currently a member, please contact a Member Contact Center Representative for more information.
Visit our application status portal to check the status of your application, upload documents, or send us questions or comments.
Disclosures
Effective Date: 05-01-2024
*APY = Annual Percentage Yield. Certificate Accounts are compounded daily and credited monthly. Minimum Balance required to open an account and earn the posted APY. There is a substantial penalty for early (premature) withdrawal of Certificate Account funds. The dividend rate and APY on Certificate Accounts are fixed and will not change during the specified period. Please reference Share Accounts Information and Disclosure and/or contact a Credit Union employee for additional information. Fees may reduce earnings.
†Datatrac is an independent, unbiased research firm that specializes in compiling banking industry data for deposit and loan products.