Bayer Heritage FCU Ups 60-Month CD By 25 Basis Points

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Availability: Employees of Bayer Corporation; Residents of Marshall, Tyler, and Wetzel Counties, WV; Belmont, Licking, Monroe, and Muskingum Counties, OH; and Berkeley and Charleston Counties, SC.

Bayer Heritage Federal Credit Union (Bayer Heritage) began the month by raising the rate on its 60-month Share Certificate (2.27% APY) by 25 basis points. The minimum opening deposit is $500 and there is no maximum balance cap.

APYMINMAXINSTITUTIONPRODUCTDETAILS
2.02%$500-Bayer Heritage Federal Credit Union60 Month Share Certificate
2.02%$500-Bayer Heritage Federal Credit Union60 Month IRA Certificate (Traditional, CESA, Roth)
Accounts mentioned in this post. Rates as of August 30, 2016.

In the past 18 months, 60-month Share Certificate had 12 rate changes, with the low (1.76% APY) and the high (2.53% APY) rates both occurring in the past six months.

The 60-month Share Certificates is also available as an IRA (Traditional, CESA, and Roth) earning the same APY, with the same funding requirements.

According to CSR, the Early Withdrawal Penalty for all Bayer Heritage Share Certificates is the greater of $15 or six months interest.

Availability

Headquartered in Proctor, West Virginia, Bayer Heritage Federal Credit Union offers a variety of routes toward membership.

Employment: Employees of Bayer Corporation specifically named in the Bayer Heritage Charter.

Residency: Individuals who live, work, worship or attend school in Tyler or Wetzel Counties, West Virginia, and Monroe County, Ohio, or in specific areas of Marshall County, West Virginia, Belmont, Licking, and Muskingum Counties, Ohio, and Berkley and Charleston Counties, South Carolina.

Relationship: Immediate family of current members.

Complete membership details can be found on Bayer Heritage’s Eligibility Requirements page.

Joining Bayer Heritage and/or opening a Share Certificate can be done online, or in person at any of four West Virginia branches located in Martinsburg, Moundsville, New Martinsville, and Proctor. Other Bayer Heritage branches are located in Zanesville, Ohio; Pittsburgh (2), Pennsylvania; Goose Creek, South Carolina; and Baytown, Texas.

Credit Union Overview

Bayer Heritage Federal Credit Union (NCUA Charter # 11836) has an overall health grade of "A" at DepositAccounts.com, with a Texas ratio of 9.79% (excellent) based on March 31, 2016 data. In the past year, Bayer Heritage increased its total deposits by $11.31 million, an excellent annual growth rate of 3.23%. Please refer to our financial overview of Bayer Heritage Federal Credit Union for more details.

Bayer Heritage Federal Credit Union was founded in 1957 in Proctor, West Virginia, as the Mobay Employees Federal Credit. (Mobay Chemical Corporation was a joint venture between Monsanto Company and Bayer.) Between 1973 and 1981, additional branches were opened in Texas, Pennsylvania, and South Carolina to accommodate Mobay employees in those states. In 2007, the name was changed to Bayer Heritage Federal Credit Union, "In recognition of the past and preparation for the future." Presently, Bayer Heritage has over 35,000 members and assets in excess of $397 million.

How the CD Compares

When compared to 109 similar length-of-term CDs tracked by DepositAccounts.com that require a similar minimum deposit and are available nationally, Bayer Heritage Federal Credit Union's 60-Month Share Certificate APY currently ranks second.

The above rates are accurate as of 6/2/2016.

To look for the best CD rates, both nationwide and in your state, please refer to our CD rates table, or our new Rates Map page.

Comments
Bayer Heritage FCU Boosts Rates On Long-Term CDs
Availability: Employees of Bayer Corporation; Residents of several West Virginia, Ohio, and South Carolina counties

For most of 2015, Bayer Heritage Federal Credit Union (Bayer Heritage) had at least one long-term Share Certificate included in DA’s bi-weekly CD Rates Summary. That changed in early November when Bayer Heritage lowered the rates on the 48-59 month and 60-month Share Certificates.

Good news - They’re back, and with higher rates than before.

Both Share Certificates are available as IRAs (Traditional, CESA, and Roth) earning the same APYs, with the same funding requirements.

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Bayer Heritage FCU Raises Rates On Long-Term CDs
Availability: Employees of Bayer Corporation; Residents of several WV, OH, and SC counties

Bayer Heritage Federal Credit Union (Bayer Heritage) began the month by raising the rates on its 48-59 Month Share Certificate (2.02%) and 60-Month Share Certificate (2.27% APY). The minimum opening deposit is $500 and there is no maximum balance cap.

Both Share Certificates are available as IRAs (Traditional, CESA, and Roth) earning the same APYs, with the same funding requirements.

According to a very helpful CSR, the Early Withdrawal Penalty for all Bayer Heritage Share Certificates is...

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New Higher CD Rates at Bayer Heritage FCU in WV, OH & SC - Local Only

I hope this isn't an April's Fools joke, but Bayer Heritage Federal Credit Union has just increased some of its CD rates which were already very competitive. The best rates are 3.56% APY for a 5-year term and 3.30% APY for a 4-year term. These rates are up by about 40 basis points since February. The shorter term CD rates also went up, but they're not quite as competitive. These include a 2.02% APY 3-year CD and a 1.51% APY 2-year CD. Minimum deposit is $500, and these are also...

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Competitive 5-Year CD Rate at Bayer Heritage FCU in WV, OH & SC - Local Only

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,...



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