Posts Tagged ‘Aurora Bank FSB’
12 month CD rates don’t change much after FED meeting
Last week’s Jackson Hole, Wyoming, meeting with FED chairman Ben Bernanke appeared to have little effect (at least so far) on short term CD rates. QXJ973NB28XB While still at historically low levels, we’re pleased to see that they didn’t dip even further with both 6 month and 12 month CD rates remaining consistent with their levels from the previous week.
Below are the national averages for 6 month to 3 year CD rates for the last week of August (2011):
(These averages are calculated based on deposits available nationwide. Small community banks and credit unions may not be included in these figures.)
6 month CDs currently averaging 0.53% APY (last week’s average sat at roughly 0.54% APY)
* highest 6 month CD rate coming from Aurora Bank with an APY of 1.03% requiring a $1,000 minimum deposit. Almost twice the national average!
12 month CDs currently averaging 0.85% APY (last week’s average sat at roughly 0.84% APY)
* highest 12 month CD rate coming from AloStar Bank of Commerce with an APY of 1.27% requiring a $1,000 minimum deposit.
3 year CDs currently averaging 1.23% APY (last week’s average sat at roughly 1.26% APY)
* highest 3 year CD rate coming from Aurora Bank with an APY of 1.64% requiring a $1,000 minimum deposit.
If you’re strictly after the best annual percentage yields, you’ll want to cross reference the interest rates above with CD rates available at credit unions and local community banks in your area. Credit unions are not-for-profit institutions which can occasionally offer better rates than national banking institutions. Credit Unions, however, come with membership requirements and are frequently exclusive. You may need to work for a selected employer or live in a certain county to join.
Tags: Aurora Bank FSB
Aurora Bank CD Rates – Best 6 month and 2 year APY’s!
Aurora Bank FSB, although based out of Delaware, opens their doors to deposit consumers throughout the country. They are FDIC insured and consistently hold the top national rankings for CD rates. Originally founded in 1921, they have over 320,000 customers and can accept new deposits online, by mail or over the phone. Today, they hold the number 1 spot for the highest yielding 6 month CDs and 2 year CDs.
Read a Complete Review of Aurora Bank Here.
Aurora Bank CD Rates:
- 6 month CD yielding 1.04% APY with a minimum deposit of $1,000 required.
- 12 month CD yielding 1.19% APY with a minimum deposit of $1,000 required.
- 18 month CD yielding 1.32% APY with a minimum deposit of $1,000 required.
- 24 month CD yielding 1.45% APY with a minimum deposit of $1,000 required.
- 36 month CD yielding 1.71% APY with a minimum deposit of $1,000 required.
- 48 month CD yielding 1.95% APY with a minimum deposit of $1,000 required.
- 60 month CD yielding 2.31% APY with a minimum deposit of $1,000 required.
Interest rates on these accounts are compounded daily and credited monthly. To put the APY’s in perspective, the national average for 6 month CDs and 2 year CDs sit at roughly 0.54% APY and 1.05% APY, respectively.
Tags: Aurora Bank FSB
Aurora Bank FSB: CD rates and review
Aurora Bank FSB, headquartered in Wilmington, Delaware, was founded in 1921 and today has assets totaling over $5 billion while providing loan servicing to over 400,000 customers.
View a complete Review of Aurora Bank
Aurora Bank is a member of the Federal Home Loan Bank System and deposits are insured to the extent permitted by law by the Federal Deposit Insurance Corporation (FDIC). They offer a variety of banking products such as money market accounts, CD’s (certificate of deposits), checking/savings, home loans and debit cards.
Aurora Bank FSB CD rates:
Their deposit products can be opened with durations from 6 months to 5 years. You will also be provided a greater interest rate if you opt for a jumbo CD. Early withdrawals may reduce earnings.
Interest rates are accurate as of December 4, 2009. Check with our CD rate tables for updated rates.
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Although Aurora Bank is headquartered in Delaware, they accept deposits from consumers nationwide. You can make deposits by mail, using direct deposit, and/or electronic transfers. And you can make withdrawals at your convenience through their ATMs, check writing, check card purchases, and electronic transfers.
Contact Info:
Phone: (888) 522-9295
Website: AuroraBankFSB.com
Address: BrandyWine Building 100 West Street. Suite 200. Wilmington, DE 19801
