Tax Advantages
You may qualify for a tax deduction of your contribution!
A powerful tool in creating a balanced, long-term savings plan.
A Traditional IRA is an individual retirement arrangement that lets you to save for retirement with tax-deductible contributions and allows you to defer taxes until you withdraw the funds.
Get started on planning your financial future today with as little as $100!
To open an 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
2.53% APY*
Traditional IRA
Features & Benefits
- Prospective tax-deferred growth
- Competitive daily rate
- Open an IRA for as little as $100
- Minimum balance of $100
Earn more
Grow your retirement fund with competitive daily rates.
Minimum Balance
Start with as little as $100.FAQ
Traditional IRA Frequently Asked Questions
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.
You are eligible to contribute if you earn compensation (or file a joint return with a spouse who earns compensation).
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.
Disclosures
Effective Date: 07-01-2024
*APY = Annual Percentage Yield. IRA dividends are compound daily and credited quarterly. Minimum Balance required to open an account and earn the posted APY. 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.