Desert Schools Federal Credit Union Money Market Account Review

Desert Schools Federal Credit Union Money Market Account is offered by Desert Financial Credit Union, a credit union founded in 1939 and based in Phoenix, AZ. Desert Schools Federal Credit Union Money Market Account is available in 1 state across the USA.

Are money market accounts from Desert Financial Credit Union federally insured?

Yes, your Desert Financial Credit Union money market accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. 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 are the Desert Schools Federal Credit Union Money Market Account rates?

Desert Schools Federal Credit Union Money Market Account offers an APY starting at 0.10% and ranging up to 0.45% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $2000.

Desert Schools Federal Credit Union Money Market Account Rates and Terms

Rates	Amount
APY (Annualized Percentage Yield)	0.10% - 0.45%

What are the Desert Schools Federal Credit Union Money Market Account fees?

This account charges a monthly maintenance fee of up to $15. You can avoid this fee by maintaining a balance of $2,000.

Desert Financial Credit Union will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

Desert Schools Federal Credit Union Money Market Account Fees

Fees	Amount
Monthly Fee	up to $15
Paper Statement Fee	N/A
Excess Transaction Fee	$10

What is the minimum balance for Desert Schools Federal Credit Union Money Market Account?

No minimum initial deposit. Desert Financial Credit Union does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $2,000. You can avoid the monthly fee if you keep a minimum balance $2,000.

Interest rate minimum balance of $2,000. You must keep the account balance above $2,000 to earn interest.

What features and perks does Desert Schools Federal Credit Union Money Market Account offer?

This account includes the following features:

• Check Writing - Desert Schools Federal Credit Union Money Market Account includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - Desert Financial Credit Union monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Desert Schools Federal Credit Union Money Market Account allows you to manage your money online.

How to open an account with Desert Financial Credit Union

• Visit the Desert Financial Credit Union website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.