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  Desert Schools Federal Credit Union Money Market Account

Desert Schools Federal Credit Union Money Market Account

in Money Market Accounts from Desert Financial Credit Union · ncua

Unaffiliated

Desert Schools Federal Credit Union Money Market Account

Unaffiliated

in Money Market Accounts from Desert Financial Credit Union · Insured by NCUA

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Highlights
APY (Annual Percentage Yield) 0.10% - 0.45%
APY Minimum Balance $2,000
Minimum Opening Deposit N/A

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.

Key Takeaways
  • Very high APY. This account offers an annual percentage yield of up to 0.45%, which is much higher than the national average for a money market account.However, you must keep a minimum balance of $2000.
  • Charges a monthly fee. This account charges a monthly service fee of up to $15, but the fee is waived if you keep a minimum balance of $2,000.
Pros & Cons of Desert Schools Federal Credit Union Money Market Account
Pros Cons
  • Generous dividends.
  • Does not offer mobile check deposits.
  • Insured by NCUA.
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not provide a debit card.
  • Not FDIC-insured.
  • Only available in one state.
  • Monthly service charge.
Desert Schools Federal Credit Union Money Market Account FAQ

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 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 are the dividends for Desert Financial money market rates?

Desert Financial money market 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 Financial money market Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.10% - 0.45%

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

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.

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 Financial money market?

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

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $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 Financial money market offer?

This account includes the following features:

  • Check Writing - Desert Financial money market 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 Financial money market allows you to manage your money through online banking and a dedicated mobile app.

What is the customer service phone number?

The customer service number for this business card is .

What is the support contact email?

The support contact email for this business credit card is info.info@desertfinancial.com.

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.
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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

APY Minimum Balance $2,000
Minimum Balance to Avoid Monthly Fee Starting at $2,000
Monthly Fee $0 - $15
NSF Fee 35
Account Features
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Insured by NCUA
  • Check Writing
APY (Annual Percentage Yield) 0.10% - 0.45%
Dividend Compounding Frequency Monthly
Dividend Payout Frequency Monthly

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