Bayer Heritage FCU continues to offer two very competitive long-term CD and IRA CD rates: 3.17% APY 5-year and 2.91% APY for terms of 48 to 59 months. Minimum deposit is $500. The shorter terms are not nearly as competitive. These rates are listed in the credit union's dividends page as of 2/15/2011.
As compared to banks that offer nationally available CDs, the best 5-year CD rate is 3.00% APY at Sovereign Bank as of 2/15/2011.
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 has an overall health score at DepositAccounts.com of 4 out of 5 with a Texas Ratio of 5.23% (excellent) based on September 2010 data. Please refer to our financial overview of Bayer Heritage Federal Credit Union for more details. The credit union is federally insured by the NCUA (Charter # 11836).
Searching for the Best CD Rates
To search for the best nationwide rates and the best rates in your state, please refer to the following tables at DepositAccounts.com: