Hughes Federal Credit Union 36-Month Jumbo CD Earns 2.79% APY

POSTED ON BY

Deal Summary: 36-month CDs – Jumbo, 2.79% APY, $99k; Mini-Jumbo, 2.69% APY, $50k; and CD, 2.58% APY, $1k.

Availability: Easy membership requirement

I last wrote about Arizona-based Hughes Federal Credit Union (Hughes FCU) in June when most of its CD rates had been raised. At that time, the three different 36-month CDs offered the most competitive APYs in the product line, with all three ranking in the top eight APYs for nationally available 3-year CDs. Although the 36-month rates dropped by approximately 30 bps in the beginning of October, the three CDs are now better positioned, ranking in the top five.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.22%$99k-Hughes Federal Credit Union36 Month Jumbo CD
2.12%$50k-Hughes Federal Credit Union36 Month Mini-Jumbo CD
2.02%$1k-Hughes Federal Credit Union36 Month CD
Rates as of January 17, 2020.

The 36-month CDs are also available as IRAs (Traditional, Roth, SEP), but offering higher rates: Jumbo IRA, 2.89% APY ($99k); Mini-Jumbo IRA, 2.84% APY ($50k); and IRA, 2.79% APY ($1k).

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.33%$99k-Hughes Federal Credit Union36 Month Jumbo IRA (Traditional, Roth, SEP)
2.28%$50k-Hughes Federal Credit Union36 Month Mini-Jumbo IRA (Traditional, Roth, SEP)
2.22%$1k-Hughes Federal Credit Union36 Month IRA (Traditional, Roth, SEP)
Rates as of January 17, 2020.

As stated in Hughes FCU’s Truth-in-Savings document, the Early Withdrawal Penalty reads as follows:

The penalty of early redemption shall equal the greater of a loss of $50.00 or 180 days
dividends on a term greater than 367 days. Partial withdrawals are not allowed.

Funding a CD can be done by ACH, wire transfer, or by check. Maturing funds will be distributed by cashier’s check or transferred into a Main Share Savings Account. There is a ten day grace period before a CD automatically renews.

Beneficiary(es) can be named and Social Security numbers are required. If multiple beneficiaries are named, equal shares will be assigned.

Availability

Headquartered in Tucson, Arizona, Hughes Federal Credit Union’s field of membership (FOM) is varied, with ways for almost anyone to qualify.

Easy Membership Requirement: Making a $10 donation to any of four Tucson area non-profits (Friends of the Oro Valley Public Library, Friends of the Pima County Public Library, Friends of Green Valley Library, or Friends of Kirk-Bear Canyon Library) qualifies for membership eligibility, regardless of where you live.

Residency: Individuals who live, work, worship, or attend school in Tucson are eligible.

Employment: Individuals employed by Hughes FCU’s 800+ SEGs qualify for membership.

Relationship: Family members of current Hughes FCU members are also eligible to join.

Joining Hughes Federal Credit Union and/or opening a CD can be done online, or at any of the eight Arizona branches located in Tucson (7) and Marana.

A Main Share Savings Account establishes your membership
at Hughes. An initial deposit of $50.00 is required upon opening.

Hughes FCU participates in CO-OP Shared Branch network, giving its members access to more than 5,000 shared branches across the country.

Credit Union Overview

Hughes Federal Credit Union has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 3.48% (excellent) based on June 30, 2019 data. In the past year, Hughes FCU has increased its total deposits by $23.26 million, an above average annual growth rate of 2.27%. Please refer to our financial overview of Hughes Federal Credit Union (NCUA Charter # 7531) for more details.

Hughes Federal Credit Union was established in 1951 by employees of the Hughes Missile Systems (now Raytheon Missile Systems). In 1992, Hughes FCU merged with Arizona Transportation Credit Union, which served the employees of the Union Pacific Railroad and more than 400 SEGs in Phoenix and Tuscon. The FOM was expanded in 2001 to included the residents of Tucson. Hughes FCU is currently Arizona’s sixth largest credit union, with more than 129,000 members and assets in excess of $1.1 billion.

How the CDs Compare

When compared to the similar length-of-term CDs tracked by DepositAccounts.com that are nationally available, Hughes Federal Credit Union’s 36-month CD, Mini-Jumbo CD, and Jumbo CD APYs currently rank in the top five, regardless of minimum deposit requirements.

The above rates are accurate as of 11/22/2019.

To look for the best CD rates, both nationwide and state specific, please refer to our CD Rates Table page.

Related Pages: Tucson CD rates, 5-year CD rates, IRA CD rates, nationwide deals

Comments


#1 - This comment has been removed for violating our comment policy.
Hughes Federal Credit Union 36-Month Jumbo CD Earns 3.10% APY
Deal Summary: 36-month Jumbo CD, 3.10% APY ($99k); 36-month Mini-Jumbo CD, 2.99% APY ($50k); and 36-month CD, 2.89% APY ($1k)

Availability: Easy membership requirement

Arizona-based Hughes Federal Credit Union (Hughes FCU) has raised the rates on most of its CDs, with the 36-month having the most competitive APYs: Jumbo CD, 3.10% APY ($99k); 36-month Mini-Jumbo CD, 2.99% APY ($50k); and 36-month CD, 2.89% APY ($1k).

In the past eight months, there have been three rates increases for the 36-month Jumbo CD, Mini-Jumbo CD, and CD, adding 113, 118,...

Continue Reading
Hughes FCU Offers Nationally Available 29-Month CD
Availability: Easy membership

In January, Hughes Federal Credit Union (Hughes FCU) raised the rates on all of its CDs, and at that time I wrote specifically about the 36-month CD, which has maintained its increased APY.

Hughes FCU is currently offering three different competitive 29-month CDs. While some credit unions have tiered APYs based on deposit levels for individual CDs, Hughes FCU has opted to have three categories (CD, $1K+; Mini-Jumbo CD, $50K+; and Jumbo CD, $99K+) for each length-of-term CD.

As stated in Hughes FCU’s Truth...

Continue Reading
Hughes FCU Has Tiered APY 36-Month CD
Availability: Easy membership

While some credit unions have tiered APYs based on deposit levels for individual CDs, Hughes Federal Credit Union (Hughes FCU) has opted to have three categories (CD, $1K+; Mini-Jumbo CD, $50K+; and Jumbo CD, $99K+) for each length-of-term CD.

Over the weekend, Hughes FCU raised the rates on all its CDs, with the 36-month having the most competitive rates.

The 36-month CDs are also available as IRAs (Traditional, Roth, and SEP) with the same deposit tiers, but with higher APYs.

As stated in Hughes FCU’s Truth...

Continue Reading
Special 29-Month CD at Hughes Federal Credit Union in Tucson - Easy Membership

Hughes Federal Credit Union is offering an anniversary special certificate with a 29-month term. Three rates are available for different deposit sizes. The highest rate is 1.51% APY for a $99K deposit. There's also a 1.41% APY for a $50K deposit and 1.31% APY for a $1K deposit. These rates are listed in the credit union's term share account rates page as of 5/11/2012.

The credit union also has an interesting program for its term share accounts (CDs). It's called Buy Up Rate, and it allows you to add $10,000 or...

Continue Reading


The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.