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


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

Competitive 5.00% APYShort-term commitment (6 months)
No maximum deposit

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.


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 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

How diverse are Desert Financial’s banking services, beyond Certificates of Deposit?

Desert Financial offers a diverse range of banking services, including online banking, mobile deposits, debit cards, free checking accounts, and a relationship rewards service. They also provide a full suite of financial services, including lending, saving, and checking accounts, catering to various financial needs.

Can existing members take advantage of the 5.00% APY offer for the 6-month Savings Certificate, or is it exclusive to new members?

The offer is available to both new and existing members, providing an opportunity for all members to take advantage of the 5.00% APY.

How long has Desert Financial been serving its community, and what regions does it primarily support with education initiatives?

Desert Financial has been serving its community for over 80 years. It primarily supports education initiatives in Maricopa, Gila, and Pinal counties in Arizona.

What is the current Annual Percentage Yield (APY) for Desert Financial’s 6-month Savings Certificate?

 The current APY for the 6-month Savings Certificate is 5.00%.