Tax Advantages
You may qualify for a tax deduction of your contribution!
Get the most out of your retirement savings.
Do you freelance or have a small business? If you answered yes, then an SEP IRA is right for you.
Just like a traditional IRA, your contributions could be tax-deductible with taxes deferred until you withdraw the funds.
To open an SEP 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*
SEP IRA
Features & Benefits
- Competitive daily rate
- Open with as little as $100
- Prospective tax-deferred growth
- Elevated contribution limit
Earn more
Grow your retirement fund with competitive daily rates.
Minimum Balance
Start with as little as $100.FAQ
SEP IRA Frequently Asked Questions
You may join Hughes Federal Credit Union if you:
- Live, work, worship or attend school in Tucson
- Are employed by one of our Select Employer Groups
- Have a family / household member who is a member of Hughes: Family member – a spouse, child, sister/brother, parent, grandparent, grandchild, stepparent, stepchild, stepsister/brother, or adopted child. A household member is a person living in the same residence sharing household expenses.
- Make a small donation to one of the following community Special Interest Groups:
- Friends of the Oro Valley Public Library
- Friends of the Pima County Public Library
- Friends of the Kirk Bear Canyon Library
Disclosures
Effective Date: 10-01-2024
*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.