Traditional IRA

Retirement savings with an advantage.

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

2.02% APY*
Traditional IRA

Features & Benefits

  • Prospective tax-deferred growth
  • Competitive daily rate
  • Open an IRA for as little as $100
  • Minimum balance of $100

 

Why Traditional IRA ?

Plan for what lies ahead.

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Tax Advantages

You may qualify for a tax deduction of your contribution!

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Earn more

Grow your retirement fund with competitive daily rates.
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Minimum Balance

Start with as little as $100.

FAQ

Traditional IRA Frequently Asked Questions

Can I open an IRA online?

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. 

How can I withdraw from my Traditional IRA?

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. 

When can I contribute to my Traditional IRA?

You are eligible to contribute if you earn compensation (or file a joint return with a spouse who earns compensation).

How can I deposit to my Traditional IRA?

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. 

What is the difference between a traditional IRA and a Roth IRA?

With a Roth IRA, you contribute after-tax dollars, your money grows tax-free, and you can generally make tax and penalty-free withdrawals after age 59 1/2. With a Traditional IRA, you contribute pre- or after-tax dollars, your growth grows tax-deferred, and withdrawals are taxed as current income after age 59 1/2.


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Disclosures

Effective Date: 04-01-2026

*APY = Annual Percentage Yield. IRA dividends are compounded daily and credited quarterly. Minimum Balance required to open an account and earn the posted APY. 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.