Save Smart with Hughes Federal Credit Union
Grow Your Earnings with our Certificate Accounts and Money Market Accounts.
Money Market Savings: A Blend of Flexibility and High Yield
- Exceptional Yield: A robust Annual Percentage Yield (APY), setting a new benchmark in savings growth.
- Elite Minimum Balance: A minimum balance of $250,000, tailored for serious savers aiming to maximize their returns.
- Unlimited Potential: Benefit from the stability of a savings account with the high yield of an investment.
- See all Money Market rates.
Safety and Security at the Heart of Your Investments
You work hard for your money, so we offer peace of mind alongside our high rates. Our Money Market Accounts are insured by the National Credit Union Administration (NCUA), providing you with the safety and security you deserve.
The National Credit Union Share Insurance Fund (NCUSIF), administered by the NCUA, is dedicated to protecting the deposits of credit union members in the United States. For more information on how we protect your investments, visit our Share Insurance Coverage Overview.
Rates
1.77% APY*
Money Market Savings • $250,000 Minimum Balance
1.51% APY*
Money Market Savings • $150,000 Minimum Balance
1.26% APY*
Money Market Savings • $75,000 Minimum Balance
1.01% APY*
Money Market Savings • $1,000 Minimum Balance
Excellence in Rates and Award-Winning Service
Independent research firm, Datatrac, confirms: Hughes boasts some of the highest rates in the state. More than just stellar rates, we also provide a partnership that values your financial well-being, offering expert advice and personalized service every step of the way. If you haven’t thought of a credit union for boosting your savings, now is the time.
Elevate your earning strategy today with Hughes Federal Credit Union. Invest smart, grow your wealth, and go further than ever before.
Competitive Rates
Earn a higher dividend rate than a basic savings account.
Easy Application Process
Skip the branch visit and apply online!FAQ
Frequently Asked Questions
There are no limits to the number of withdrawals per month. However, each withdrawal must be for $500 or more.
No, but you can always transfer funds from your Money Market Savings online, over the phone, or in-person.
All withdrawals must be for $500 or more.
No, you can deposit any amount.
No, there is no penalty; however, dividends are credited quarterly so there could be a forfeiture of dividends if the account is closed prior to dividends being credited on January 1, April 1, July 1, and October 1.
Yes! Log in to Hughes and go to Accounts > Open Account.
No, we do not issue checks on Money Market Savings accounts, but you can always transfer funds to your checking and then write a check.
If you would like to add a new joint owner to your existing membership you have several options:
- Use the online Add a Joint Owner Application (fastest and easiest).
- Come into a branch together and a Member Services Representative can assist you. Be sure to bring one form of ID, being a government issued ID such as a U.S. driver's license.
- Call 520-794-8341 and request that the form be mailed to you.
Visit our application status portal to check the status of your application, upload documents, or send us questions or comments.
Disclosures
Insured by NCUA. Certain restrictions apply. Annual Percentage Yields (APYs) are effective December 1, 2025. ¹A minimum balance of $250,000 is required to earn 1.77% Current Annual Percentage Yield (APY) for Money Market Savings. The Dividend Rate and APY are subject to change. Savings dividends are compounded daily and credited quarterly. The National Credit Union Administration insures funds up to $250,000. Please consult with our Member Service Representative or visit NCUA.gov for more information. For current rate information, visit HughesFCU.org/Rates.
*Datatrac is an independent, unbiased research firm that specializes in compiling banking industry data for deposit and loan products. Hughes rates outperform the Arizona average earning a Datatrac Great Rate Award.