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.
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