It has been awhile since Bayer Heritage Federal Credit Union has been offering top CD rates. Perhaps this is another follower of rising Treasury yields. On August 1st the credit union made big increases to its long-term CD rates. Its 5-year CD rate increased from 1.64% to 2.02% APY, and its 4-year CD rate increased from 1.38% to 1.76% APY. These 5-year and 4-year CD rates are now very competitive. Minimum deposit is $500, and these are also available in an IRA. These rates are listed in the credit union's dividends page as of 8/02/2013.
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.
Bayer Heritage Federal Credit Union branches are located in several towns of northeast West Virginia, in Pittsburgh, Pennsylvania, in Bushy Park and Goose Creek, South Carolina, and in Baytown, Texas.
The credit union has an overall health score at DepositAccounts.com of 5 stars (out of 5) with a Texas Ratio of 6.69% (excellent) based on March 2013 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).
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