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  Desert Financial Credit Union Savings Certificate
Desert Financial Credit Union Savings Certificate
in CD Accounts from Desert Financial Credit Union · ncua
Unaffiliated

Desert Financial Credit Union Savings Certificate

Unaffiliated
in CD Accounts from Desert Financial Credit Union · Insured by NCUA
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Highlights
Minimum Opening Deposit Starting at $1,000
Certificate Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.35% - 0.95%

Desert Financial Credit Union Savings Certificate Review

Desert Financial Credit Union Savings Certificate is offered by Desert Financial Credit Union, a credit union founded in 1939 and based in Phoenix, AZ. Desert Financial Credit Union Savings Certificate is available in 1 state across the USA.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a certificate account.
  • $1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
  • Wide selection of certificate terms. Desert Financial CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.
Pros & Cons of Desert Financial Credit Union Savings Certificate
Pros Cons
  • Insured by NCUA.
  • Multiple certificate terms available.
  • High-dividend yield
  • Only available in one state.
  • There isn't a no-penalty certificate option.
Desert Financial Credit Union Savings Certificate FAQ

Are cd accounts from Desert Financial Credit Union federally insured?

Yes, your Desert Financial Credit Union cd accounts are insured up to $250,000 per share owner for each account ownership category. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

What types of CDs does Desert Financial Credit Union offer?

Desert Financial CD provides the following types of CDs.
  • Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
  • Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
  • IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Desert Financial CD offers a CD that is specifically for retirement.

What CD rates does Desert Financial Credit Union offer on its CDs?

Desert Financial CD offers an APY starting at 0.35% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Desert Financial CD offer?

Desert Financial Credit Union offers CD terms of the following lengths:
Desert Financial Credit Union Savings Certificate Rates & Terms
Description
APY (Annual Percentage Yield) 0.35% - 0.95%
6-Month APY 0.35% - 0.40%
12-Month APY 0.45% - 0.50%
2-Year APY 0.60% - 0.65%
3-Year APY 0.70% - 0.75%
4-Year APY 0.80% - 0.85%
5-Year APY 0.90% - 0.95%

What is the minimum deposit to open a CD account with Desert Financial Credit Union?

Desert Financial CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Desert Financial CD?

There is a 10-day grace period for Desert Financial CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Desert Financial CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Desert Financial Credit Union does not charge an early withdrawal fee.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday Closed
  • Tuesday 10:00am - 7:00pm
  • Wednesday 10:00am - 7:00pm
  • Thursday 10:00am - 7:00pm
  • Friday 10:00am - 5:00pm
  • Saturday Closed

Other Services by Desert Financial Credit Union

Availability

  Available in 1 state
Arizona
Availabile in all of Arizona

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
APY (Annual Percentage Yield) 0.35% - 0.95%
6-Month APY 0.35% - 0.40%
12-Month APY 0.45% - 0.50%
2-Year APY 0.60% - 0.65%
3-Year APY 0.70% - 0.75%
4-Year APY 0.80% - 0.85%
5-Year APY 0.90% - 0.95%
CD Accounts
  • IRA
  • Jumbo
  • Traditional
Grace Period for Account Changes 10 days
Certificate Term
  • 6 months
  • 12 months
  • 18 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

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