You can jumpstart your educational investment by opening a Desert Schools College Savings Certificate with as little as $1,000. Even better, because this account is meant to fund educational advancement, Desert Schools automatically gives you the highest rate available for a one-year premium certificate.
APY = Annual Percentage Yield
Dividends reported annually via 1099-INT. Consult your tax adviser regarding your individual tax situation.
Certificate holder must be a member under age 18.
1Waived with opening deposit of $5,000 or more, or when account reaches a $5,000 balance.
2Dividend penalties apply for early withdrawal; waived with proof of high school graduation or certificate holder reaching age 18. Rates are based on the date/time that funds are received and processed.
3The term will renew automatically at our current rate if no action is taken at certificate maturity.
For additional information regarding fees, please refer to the Fee Schedule.