Aurora Bank is based in Wilmington, Delaware and accepts deposits nationwide.  Aurora Bank was formerly known as Lehman Brothers Bank.  The company was founded in 1921.

Aurora Bank offers a number retail banking products and services including checking accounts, money market accounts, certificates of deposit, home mortgages and retirement accounts.

Aurora Bank is a member of the Federal Home Loan Bank System and deposits are insured up to the maximum allowed by the Federal Deposit Insurance Corporation (FDIC).

The high rate of return, flexible terms, low minimum deposit, and FDIC insurance make the bank CD a good investment choice for short term savings and long term savings needs including IRAs.

Aurora Bank also offers bank CDs for retirement accounts.  The retirement account CDs are referred to as the IRA RetirementBuilder.  The IRA RetirementBuilder is for traditional IRA or Roth IRAs.  The account combines the tax benefits of an IRA with the security of a bank CD.

These certificates of deposit are available with a Traditional IRA or Roth IRA.  The bank IRA CDs offer competitive interest rates.  The IRA CD interest is compounded daily and posted monthly.  Bank IRA CDs have a variety of flexible terms and maturities.  The IRA CDs have a low minimum deposit requirement of $1000.00.

Current IRA CD rates offered by the bank with a minimum of $5,000.00 include:

6 month CD IRA rate is at 0.35%
One year IRA CD rate is at 0.65%
18 month bank IRA CD rate is 0.87%
Two year IRA CD rate is at 1.10%
Three year bank CD IRA rate is at 1.40%
Four year IRA CD rate is at 1.64%
Five year CD IRA rate is 1.92%

Bank rates, CD rates and IRA CD rates are subject to change.  Additional conditions may apply to open these accounts.  For current CD rates and account information contact a bank representative directly at (888) 522-9295.

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