is currently offering a competitive rate to help you save your money. A certificate of deposit is an account opened for a specific amount of time. CDs are great accounts to help you reach your financial goals since withdrawing the money before the allotted time has been reached will cost you money.
Aurora Bank offers CDs with maturity dates ranging from six months to five years. The interest rates offered on the account vary depending on which maturity date you select. The longer you can leave your money in a CD, the higher the interest rate. So what is Aurora Bank’s 3 year CD APY? The APY for is currently for any deposited amount higher than $1,000. According to the best CD rates chart, Aurora Bank is offering one of the highest APY’s currently available.
This account requires a minimum balance, like all the certificate of deposit accounts offered from Aurora Bank.
Other information to know before applying for this account includes:
- Interest is compounded daily and posted monthly.
- This CD will automatically renew when it reaches maturity, unless you notify Aurora before the maturity date. After your CD matures, you will have a 7 day grace period to withdraw your funds without receiving a penalty.
- Aurora is an FDIC insured bank. This means your money is protected up to the legal limit of $250,000 per investor.
- Initial opening deposit can be transferred from your current banking account. You must deposit $1,000 to open the 3 year CD account.
CDs are set up to make sure your money stays in the bank until the maturity date. You will be charged fees if you withdraw money before the maturity date. The fee for a CD account over one year is usually six months worth of interest on the withdrawn amount.
Chapter 2. How to Apply
If you are interested in Aurora Bank’s three year CD account, you can apply through . Interest rates can change quickly, so don’t wait to apply.
To apply or find answers to any other questions you may have, visit