Tax Advantage
Withdraw your money tax-free** in retirement.
Save for retirement your way.
If you’re anticipating a higher-tax rate during retirement, a Roth IRA may be right for you. With a Roth IRA, you pay the taxes on the front end with tax-free withdrawals** in retirement.
To open a Roth IRA, visit a Hughes branch near you or call us at 520-794-8341.
Share Insurance Coverage Overview
Learn how your deposits are insured
Rates
2.02% APY*
Roth IRA • $100 Min. Balance
Features & Benefits
- Tax-free withdrawals**
- Competitive daily rates
- Minimum balance of only $100
Minimum Balance
Start with as little as $100.
Earn more
Grow your retirement fund with competitive daily rates.FAQ
Roth IRA Frequently Asked Questions
You are eligible to contribute if you earn compensation (or file a joint tax return with a spouse who earns compensation) and your modified adjusted gross income (MAGI) is less than or within the defined limits.
The required form for IRA deposits can be completed at a branch or through email by contacting a Member Services Representative at 520-794-8341.
We do not have an online application at this time. If you are not a member, access our New Member Application to Get Started with Hughes. If you are already a member, please visit a branch or call our Contact Center at 520-794-8341 to speak to a Member Services Representative.
The required form for IRA withdrawals can be completed at a branch or through email by contacting a Member Services Representative at (520) 794-8341.
Disclosures
Effective Date: 01-01-2025
*APY = Annual Percentage Yield. IRA dividends are compound daily and credited quarterly. Minimum Balance required to open an account and earn the posted APY. There may be a government penalty for early withdrawal of IRA funds. Please reference Share Accounts Information and Disclosure and/or contact a Credit Union employee for additional information. Rates and terms are subject to change at any time. Fees may reduce earnings.
**IMPORTANT: Outcomes vary. We suggest that you consult a tax adviser with regard to your personal circumstances.