Bayer Heritage FCU has two very competitive long-term CD rates: 3.69% APY 5-year and 3.43% APY for terms of 48 to 59 months. Minimum deposit is $500, and these are also available in an IRA. The shorter terms are not nearly as competitive. These rates are listed in the credit union's dividends page as of 5/18/2010.
My last post on Bayer Heritage FCU was almost 3 years ago when they were offering a 6% 5-year CD. Those who opened this CD back then are probably glad they did.
In addition to employees of the Bayer Corporation that are specifically named in the BHFCU Charter, membership is open to persons who live, work, worship or attend school in the West Virginia counties of either Wetzel or Tyler, or in Monroe County, Ohio. Also included are specific areas in the following counties: Marshall, West Virgina; Belmont, Ohio; Licking, Ohio; Berkley, South Carolina; and Charleston, South Carolina. Please refer to the credit union's membership page for the full details. Membership requires a minimum $5 deposit into the share savings account.
Branches are located in several towns of northeast West Virginia, in Pittsburgh, Pennsylvania, in Bushy Park, South Carolina, and in Baytown, Texas.
The credit union's ratings for safety and soundness are above average: 5 stars (superior) at BauerFinancial, 3 stars (performing) at Bankrate.com and an overall health score of 4 out of 5 at DepositAccounts.com (see our Bayer Heritage FCU rates and reviews page). The credit union is federally insured by the NCUA (Charter # 11836).
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