SEP IRA (Simplified Employee Pension)

Do more for your future by investing in it.

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.

Manage Existing Account

Share Insurance Coverage Overview

Learn how your deposits are insured

Rates

2.02% APY*
SEP IRA

Features & Benefits

Why SEP IRA (Simplified Employee Pension) ?

Easy and Flexible. The Way Retirement Should Be.

Icon_TaxAdvantage

Tax Advantages

You may qualify for a tax deduction of your contribution!

Icon_EarnMore

Earn more

Grow your retirement fund with competitive daily rates.
piggybank

Minimum Balance

Start with as little as $100.

FAQ

SEP IRA Frequently Asked Questions

What are the eligibility requirements to apply?

You can join if you live, work, worship, or attend school in Tucson; work for a Select Employer Group; have a family or household member who's a Hughes member; or donate to one of our partner Special Interest Groups.



Contact An Expert

Disclosures

Effective Date: 07-01-2026

*APY = Annual Percentage Yield. IRA dividends are compounded 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.