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The are available to help you reach your financial goals. CDs, in general, are available from banks as a way for you to set aside extra money for a specific amount of time. Banks offer certificates of deposit accounts, or CD’s, with varying maturity dates. Aurora Bank offers CDs with maturity dates ranging between six months and five years. The longer the maturity date, the higher the interest rates offered. Interest rates increase substantially as the CD term gets longer.
Two Year CD
So what are Aurora Bank’s 2 year CD rates? Currently Aurora Bank’s two year CD account has an APY of for any deposited amount between $1,000 – $99,999. Any amount $100,000 or more currently earns an additional 0.02% per year. According to the best CD rates chart, is one of the best rates currently offered.
Other details about the Aurora Bank’s two year CD include:
- All of Aurora Bank’s CD Accounts require a minimum deposit of $1,000 to open the account.
- Aurora Bank is an FDIC insured bank, so you know your money is protected.
- Your CD will automatically renew when the maturity date is up, unless you let Aurora know ahead of time. You have 7 calendar days after maturity of the CD to withdraw the funds without a penalty.
- Interest is compounded daily and posted monthly.
- As with all CDs, there is a fee if you withdraw your money before the maturity date has been reached. If you choose a CD that is less than 1 year, the fee is three months worth of interest you would have earned on the money withdrawn. If the CD you choose is more than 1 year the fee is equal to 180 days interest on the amount withdrawn.
How to Apply for an Aurora Bank CD:
Applying for the two year CD account is quick, easy, and secure through . Aurora Bank makes it easy to make your initial minimum opening deposit by allowing you to transfer the money directly from an account you are currently using.
Interest rates can change quickly, so if you are interested in applying for this CD at this rate, hurry and lock it in.
To learn more about Aurora Bank, visit their