Money Market Savings

Grow your savings with flexible balance options.
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PROD NAME

999 Lifetime Savings:

0.0%
0.0%
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Source: Datatrac

Earn More on Your Savings Without Locking It Away

Looking for a smarter way to grow your savings?

At Hughes Federal Credit Union, our Money Market account gives you higher returns than traditional savings while keeping your money accessible when you need it.

Why Choose a Money Market?

If you want to earn more without committing to a long-term investment, a money market account is a strong option.

  • Higher earning potential than standard savings
  • Easy access to your funds
  • No penalties for withdrawals
  • Flexible balance tiers to grow with you

How Much More Could You Earn?

Our members earn more than the Arizona average, helping your money work harder over time. Whether you're building an emergency fund or parking larger balances, every dollar earns more.

Who is This Account Best For?

A money market account is ideal if you:

  • Want higher returns without market risk
  • Keep a larger balance in savings
  • Need flexibility to access funds
  • Are saving for:
    • A home purchase
    • Emergency fund
    • Major life expenses

Share Insurance Coverage Overview

Learn how your deposits are insured

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Rates

1.01% APY*
Money Market Savings • $1,000 Minimum Balance
1.26% APY*
Money Market Savings • $75,000 Minimum Balance
1.51% APY*
Money Market Savings • $150,000 Minimum Balance
1.77% APY*
Money Market Savings • $250,000 Minimum Balance

Features & Benefits

  • 24/7 account access
  • Direct deposit/Auto transfer set up
  • Can be closed at any time without penalty

Why Money Market Savings ?

Start earning more with Hughes.

Easy Application Process

Easy Application Process

Skip the branch visit and apply online!
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Competitive Rates

Earn a higher dividend rate than a basic savings account.
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24/7 Access

Access your funds when you need.
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FAQ

Money Market Savings Frequently Asked Questions

Is there a limit of withdrawals I can make per month?

There are no limits to the number of withdrawals per month.

Can my Money Market Savings be used as Overdraft Protection for my Checking account?

No, but you can always transfer funds from your Money Market Savings online, over the phone, or in-person. 

Is there a minimum withdrawal amount?

There is no minimum withdrawal amount.

Is there a minimum deposit amount?

No, you can deposit any amount.

Is there a penalty to close this account?

No, there is no penalty.

If I am already a member, can I open this account online?

Yes! Log in to Hughes and go to Accounts > Open Account.

Do you issue checks on this 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 I've already applied, how can I check the status of my application?

Visit our application status portal to check the status of your application, upload documents, or send us questions or comments. 

How do I add a joint owner to my account?

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.


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Disclosures

Effective Date: 07-01-2026

*APY = Annual Percentage Yield. 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.