Bayer Heritage Federal Credit Union Offering 3.56% APY 5-Year CD

Author: Sol Nasisi on April 19, 2011

Bayer Heritage Federal Credit Union in Western Virginia is offering a 3.56% APY 60-month CD.

Bayer Heritage Federal Credit Union in Western Virginia is offering a 3.56% APY 60-month CD. That's one of the top CD rates in the country according to BestCashCow data.

Membership in Bayer Heritage FCU is relatively restricted. It includes employees of Bayer Corporation that are specifically named in the BHFCU Charter. Generally, this charter restricts membership to individuals in select West Virginia cities and towns. If you live in West Virginia or work for Bayer, it is worth checking it out. Bayer Heritage has $243 million in assets and a relatively good Texas ratio of 6.85% versus a national credit union average of 11.64%. It is NCUA insured.

If you are not eligible to join Bayer (as most readers aren't) then take a look at CD rates from banks and credit unions in your local area. There are plenty of banks and credit unions out there offering competitive rates.

Sol Nasisi: Sol Nasisi is the co-founder and a past president of BestCashCow, an online resource for comprehensive bank rate information. In this capacity, he closely followed rate trends for all savings-related and loan products and the impact of rate fluctuations on the economy. He specifically focused on how rates impact consumers' ability to borrow and save. He also has authored a wee