Desert financial credit union auto loan rates

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Desert Financial Credit Union Savings Certificate Review
Key Takeaways
Pros & Cons of Desert Financial Credit Union Savings Certificate
Desert Financial Credit Union Savings Certificate FAQ
Are CDs from Desert Financial Credit Union federally insured?
What types of CDs does Desert Financial Credit Union offer?
What CD rates does Desert Financial Credit Union offer on its CDs?
What terms does Desert Financial CD offer?
What is the minimum deposit to open a CD account with Desert Financial Credit Union?
What is the grace period for Desert Financial CD?
What types of fees, such as early withdrawal penalties, does Desert Financial CD charge?
Is Desert Financial a good bank?
What is the interest rate on Desert Financial money market account?
What does Desert Financial offer?
Where's the best place to refinance my car?

Highlights

APY (Annual Percentage Yield)	0.35% - 0.95%
Minimum Opening Deposit	Starting at $1,000
Certificate Term	6 months 12 months 18 months 2 years 3 years 4 years 5 years

Desert Financial Credit Union Savings Certificate Review

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

Key Takeaways

Very high APY. This account offers an annual percentage yield of up to 0.95%, which is much higher than the national average for a certificate account.
$1,000 minimum deposit. This is a typical minimum initial deposit for the certificates we track.
Wide selection of certificate terms. Desert Financial CD allows you to create a certificate ladder by spreading your cash across certificates with different terms. This combines the benefits of frequent access to funds and higher rates of return on your savings.

Pros & Cons of Desert Financial Credit Union Savings Certificate

Pros	Cons
Insured by NCUA. Multiple certificate terms available. High-dividend yield	Only available in one state. There isn't a no-penalty certificate option.

Desert Financial Credit Union Savings Certificate FAQ

Are CDs from Desert Financial Credit Union federally insured?

Yes, your Desert Financial Credit Union cd 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 types of CDs does Desert Financial Credit Union offer?

Desert Financial CD provides the following types of CDs.

Traditional CDs. These CDs pay a fixed interest rate i you deposit a fixed amount of money for a specific term. Once the maturity date arrives, you have the option of cashing out or rolling over the CD for another term.
Jumbo CDs. A jumbo CD requires a higher minimum balance than that required by traditional CDs. In exchange, jumbo CDs pay higher interest rates.
IRA CDs. An IRA CD is a type of IRA that consists entirely of CDs. In general, you can invest in CDs in any IRA, but Desert Financial CD offers a CD that is specifically for retirement.

What CD rates does Desert Financial Credit Union offer on its CDs?

Desert Financial CD offers an APY starting at 0.35% and ranging up to 0.95%. APY stands for annual percentage yield and shows the interest rate paid by the CD after taking into account compounding.

What terms does Desert Financial CD offer?

Desert Financial Credit Union offers CD terms of the following lengths:

Desert Financial Credit Union Savings Certificate Rates & Terms

Description
APY (Annual Percentage Yield)	0.35% - 0.95%
6-Month APY	0.35% - 0.40%
12-Month APY	0.45% - 0.50%
2-Year APY	0.60% - 0.65%
3-Year APY	0.70% - 0.75%
4-Year APY	0.80% - 0.85%
5-Year APY	0.90% - 0.95%

What is the minimum deposit to open a CD account with Desert Financial Credit Union?

Desert Financial CD requires a minimum deposit of $1,000 to open an account.

What is the grace period for Desert Financial CD?

There is a 10-day grace period for Desert Financial CD. A grace period is a period of time during which you can withdraw the money in your CD without paying an early withdrawal penalty. A grace period starts the day after a CD’s maturity date, or the final day a CD is opened. Standard CDs renew automatically at the same term if you don't withdraw your money after the 10-day grace period. Note that the new CD rates probably won’t be the same as the original.

What types of fees, such as early withdrawal penalties, does Desert Financial CD charge?

Financial institutions don't typically charge many fees on CDs. However, most charge a fee if you choose to withdraw your money before the CD term ends.

Desert Financial Credit Union does not charge an early withdrawal fee.

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Is Desert Financial a good bank?

Desert Financial Credit Union ranks as no. 12 in the latest GOBankingRates study of the Best Credit Unions of 2022, as well as making the Top 100 Banks of 2022 list. To bank with DFCU, you'll need to live, work or worship in Arizona, be related to someone who banks at the credit union or be an employee of the bank.

What is the interest rate on Desert Financial money market account?

Savings, Money Market and Checking Rates1.

What does Desert Financial offer?

Desert Financial offers what banks have and more — from loans, credit cards and community giving to these six products and services you might not know about. Wills & Trusts Plan for the unexpected. Legal Document Preparation We take the pain out of the paperwork. Investments Let your money work for you.