Elevate Your Savings with Hughes Federal Credit Union's Exclusive High-Yield Accounts
Experience unparalleled returns with our Prestige Money Market Savings and our Mini-Jumbo and Jumbo Certificate Accounts (CD) – both offering some of the highest rates in the state, as independently verified by Datatrac. Tailored for the discerning investor, these accounts offer:
Prestige 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.
Certificate Account: Smaller Contribution, Substantial Growth
- Jumbo Returns: With a minimum balance of $50,000 or $99,000, this account is ideal for those looking to grow substantial savings.
- Outperforming Rate: Maximize your investment no matter your timeframe.
- On Your Terms: choose 6, 12, 24, 29, or 36 months to grow your investment.
- See all Certificate Account 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. Both the Prestige Money Market Savings and the Certificate 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
3.56% APY*
Prestige Money Market Savings • $250,000 Minimum Balance
4.97% APY*
36 Mo. Certificate (Jumbo) • $99,000 Min. Balance
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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.
24/7 Access
Use any time at ATMs and point-of-sale merchants.
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 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.
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.
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 two forms of ID, one 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
*APY = Annual Percentage Yield. Money Market Savings dividends are compounded daily and credited quarterly. Minimum Balance required to open an account and earn the posted APY. Rates and terms are variable and subject to change at any time after the account is opened. Please reference Share Accounts Information and Disclosure and/or contact a Credit Union employee for additional information. Fees may reduce earnings.
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.