Desert Schools CD Rates

Desert Financial, formerly known as Desert Schools Credit Union, stands as a financial institution deeply rooted in its community for over 80 years. It offers a broad spectrum of modern banking services, including online banking, mobile deposit, and free checking accounts. Additionally, Desert Financial Horizon caters to the diverse financial needs of its members.

To explore this horizon, let’s dig out the details;

Desert Schools CD Rates offers

The promotional CD rates offers by Desert Schools are;

Special Certificate (CD)

Key Features:

• 6-Month Term
• Competitive APY 5.00%
• The 5.00% APY is emphasized as a limited-time offer.
• $1,000 Minimum Deposit

Considerations

While this Certificate Deposit is presented as less risky than some other investment opportunities, individuals should still consider their risk tolerance and compare potential returns with other investment options.

Pros & Cons

Are Desert Schools CD Rates Competitive?

Desert Financial’s CD rates, particularly the 6-month Savings Certificate with a 5.00% APY, are competitive compared to many traditional savings accounts. The 5.00% APY offers a higher return on investment than what is typically found in standard savings accounts. Additionally, the limited-time nature of the offer and the flexibility of deposit amounts, coupled with no specified maximum deposit, enhance the appeal of these CD rates.

Overview Desert Schools

Desert Schools Credit Union, also known as Desert Financial, has been serving their community for over 80 years. They have many modern banking services such as online banking, mobile deposit, debit cards, free checking accounts, and a relationship rewards service that offers benefits for returning customers. They offer a full range of financial services including lending, saving, and checking accounts in addition to Certificates of Deposits. 

Desert Schools Credit Union provides education support for Maricopa, Gila, and Pinal counties in Arizona. They are committed to sharing their success throughout their community and in 2019 alone gave back over $2.3 million to the communities they serve. 

This included $100,000 in scholarships, fundraising for the Valley of the Sun United Way, Random Acts of Kindness, 1 Darn Cool School at the Phoenix Children’s Hospital, and 53 teacher appreciation events for local schools. 

The credit union has a community give-back program called Desert Financial Foundation which helps organizations like schools and nonprofits throughout their service area. The foundation was founded in 2017 and works to create opportunities for financial institutions to give back, with a focus on education and building strong communities. Among the services that the foundation provides are scholarship and financial literacy programs.

Availability

The requirement for buying a CD with Desert Financial is that you must first be a member. Signing up for an account can be done online at www.desertfinancial.com or at one of the over 60 branch locations in Arizona. You must live, work, or attend school in Arizona. Apache, Graham, Greenlee and Santa Cruz are the only counties not included in the member coverage area.

Locations Desert Schools 

Branches in Arizona

The branches in Arizona are:

Apache Junction, Buckeye, Chandler, Gilbert, Glendale, Goodyear, Laveen, Maricopa, Mesa, Payson, Peoria, Phoenix, Queen Creek, Scottsdale, Sun City, Surprise, Tempe

Frequently Asked Questions