5.75% 72-Month / 5.50% 60-Month CD at a CU

Feb 14, 2006 - 8:02 AM by Ken Tumin

The Bayer Federal Credit Union is offering some high rates on 5 and 6-year CDs. The APYs of the 6-year and 5-year CDs are 5.75% and 5.50%. The credit union also offers Step-Up Certificates with yields 0.10% less than the fixed rate CDs. All the CDs have only a $200 minimum deposit requirement.

As you would expect, the field of membership includes all those who work in the Bayer Corporation. There are also many other employers listed in the FOM. You may also be eligible based on where you live or work. The website doesn't provide these details, so you'll have to contact the credit union.

The credit union has branches in many of the areas where the Bayer Corporation has facilities including Elkhart Indiana, Michigan City Indiana, Bereley California, Clayton North Carolina, Morristown New Jersey, Orange Connecticut, Tarrytown New York and Walpole Massachusetts.

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