Desert Financial Credit Union Membership Savings Account Review

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

Are savings accounts from Desert Financial Credit Union federally insured?

Yes, your Desert Financial Credit Union savings 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 APY does Desert Financial Credit Union offer?

Desert Financial Credit Union Membership Savings Account offers an APY up to 0.05% (APY stands for annual percentage yield, rates may change).

What features and perks does Desert Financial Credit Union Membership Savings Account offer?

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Fraud monitoring - Desert Financial Credit Union Membership Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - Bill Pay allows you to receive ebills directly to your account and pay them easily from your account.
• Nationwide ATM network - Withdraw money and check your balance from wherever you are.

What fees does Desert Financial Credit Union Membership Savings Account charge?

Desert Financial Credit Union Membership Savings Account does not charge a monthly maintenance fee. See the fee breakdown section below to view all fees.

However, you can waive the monthly fee if you have a minimum daily balance of $25.

• Outgoing domestic bank transfers come with a $20 fee.
• Outoing international bank transfers come with a $60 fee. You can save a ton of money in fees if you use use a nonbank money transfer service.
• Desert Financial Credit Union Membership Savings Account charges a $25 fee for an early account closure. Contact Desert Financial Credit Union Membership Savings Account for more details on what is considered an early closure.
• Desert Financial Credit Union Membership Savings Account charges $2 every time you request a paper statement.