Overview of Aurora Bank
Since 1921, Aurora Bank, based in Wilmington, Delaware, has offered traditional consumer banking. The bank now offers online consumer and commercial banking to over 400,000 customers. While many companies offer online bank accounts Aurora Bank takes its commitment to its customers a step further with its dedication to community service. The bank offers financial and volunteer support to a variety of organizations. The bank is also very consumer-friendly and welcomes feedback from depositors. All deposits are FDIC insured to $250,000. You can access Aurora bank at aurorabankfsb.com.
Interest-Bearing Saving and Checking Accounts
Aurora Bank offers some of the best savings account rates on their standard savings accounts, money market accounts, certificates of deposit and IRA accounts. The standard savings and money market accounts allow for flexible deposit options to fit your needs. Access to your savings is as easy as a mouse click or a debit card. These high yield savings accounts making saving for a rainy day not only enticing but easy. Both accounts may be used for overdraft protection to your checking account. Read our Aurora Bank Money Market review.
The certificate of deposit interest rates are very competitive and are compounded daily. The terms range from six months to five years on opening balances of $1,000. These high interest rate cd accounts help you establish more long-term savings goals. All cd are automatically renewable at maturity.
The online checking accounts also bear interest at graduated rates according to your average daily balance. On average balances of $1,000 or more the account is free. Unlimited check writing and check card transactions are another benefit of this account.
Aurora Bank also offers retirement savings with traditional and Roth IRA plans. These plans offer the same high yield cd rates with the added benefit of income tax savings. The terms and maturity dates are flexible.
Home Loans
Aurora Bank has streamlined the home loan process to a simple form, a document list and a phone call from a loan consultant. Their membership in the Federal Home Loan Bank System gives you the assurance that you can purchase or refinance your home with confidence. Using www.myauroraloan.com you can calculate the mortgage your income will support. You can even adjust the variables to learn how different interest rates and terms affect your monthly payment. Once you have a loan, you can manage it and make payments from one single page. They also offer written quotes on payoff amounts at any time.
Additional Services
Aurora Bank also offers a wide variety of business and commercial online bank accounts. They are one of the nation’s largest and most trusted master servicers. Regardless of your accounting needs Aurora Bank is able to handle even the most complex accounts efficiently. For the commercial lender, they can offer direct or third-party loan administration and servicing.
Aurora Bank takes your security very seriously as it offers 128-encryption and secure file uploads to all its customers. They also safeguard your personal non-public information so you can feel secure your data will not be sold or compromised in anyway. The website also defines different types of identity theft and offers tips to help safeguard your personal information.
Summary of Aurora Bank Review
For over 85 years Aurora Bank has held fast to the principals of customer and community service and now as one of the country’s best online banks that dedication can now reach a broader audience. Opening an online bank account takes as little as 10 minutes giving you time to enjoy your money rather than worry about where it is or how it is growing. From checking to retirement savings, Aurora Bank has the right account for your needs and regardless of what type of account you open you can be assured Aurora Bank offers some of the best bank account rates available to help you set and reach all your financial goals. Finding “Home Sweet Home” has never been easier thanks to the streamlined loan process. If you are also in the market for business or commercial lending or account servicing, then Aurora Bank is a one-stop-shop. But regardless of what type of account you open, you can rest assured your data is safe with Aurora Bank.
Aurora Bank Review,
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January 30, 2012 at 10:46 am
After making me wait for 3 months, with very little communication from them they, denied the refinance. It seems to me that a bank that has it all together should not have to wait 3 months making the customer waste their time to ultimately deny the loan. The representative was outstanding while taking in the information to start the loan application. But after it was transferred to the loan agent Kelly Berdick, there was very little communication if any. She wouldn’t return my calls in a timely manner or emails. There was no guidance throughout.
By the way, I had no problem getting approved by Quicken Loans. I wouldn’t recommend Aurora Bank to anyone.
December 13, 2011 at 2:22 pm
I been trying to do a refinance for the last 3 months with these jokers. If I were not so deeply involved with the process and had not spent so much time suppling newly requested documents and resuppling documents already submitted to them I would tell them to go F^*& themselves. These guys don’t have a clue how to underwrite a loan!
November 30, 2011 at 3:37 pm
I have a credit score of over 800. I have 120K balance on an appraised 200K home. I have stable income, and no other debt. All I am trying to do is refinance. The experience is the absolute worse in my life. Two months so far! They keep asking for the same information over and over again, and request an unending stream of financial statements, bank statements, credit card statements, retirement account statements, etc. When I refinanced with Quicken years ago, the process took less than two weeks
Get real Aurora!
May 23, 2011 at 3:19 pm
Horrible customer service
Horrible rates on everything!
WORSE BANK EVER!!!!!!!!
March 20, 2011 at 10:30 am
Simply contact the bank and let them know that you do not want the CD to renew. Some banks will contact you when the cd matures so that you can decide whether you want to close it or roll it over.
March 20, 2011 at 8:49 am
If I take out a CD online and do not want to roll it over, how do I get my money??