Michigan has certainly seen its share of economic adversity in recent years.  One bright spot in the economic morass is the financial returns offered by investing in the certificate of deposits found at Bank of Auburn Hills.  Bank of Auburn Hills has three CDs with some of the highest interest rates for their terms.  The bank markets a 9 month CD that has an interest rate of 3.75% APY.  The bank has a 14 month CD that earns an interest rate of 4.20% APY.  Bank of Auburn Hills tops it off with a 25 month CD that yields 4.40% APY.

Bank of Auburn Hills has a variety of other certificates of deposit with varying interest rates and terms.  The certificates of deposits are tiered to ensure an optimum return.  Minimum deposit is $2500 for CD accounts opened for less than one year.  CD accounts over 1 year in length can be open with $1000.  Interest is paid by check, deposited to another account or compounded and added to the balance.  For additional savings vehicles, the bank offers interest bearing checking accounts, money market accounts, IRAs and standard savings accounts.

Bank of Auburn Hills opened on July 13, 2005 with the purpose of providing small and mid-sized businesses and individuals in Oakland, Macomb and Wayne counties with comprehensive banking services.

Interest rates are subject to change and additional conditions may apply.  Bank of Auburn Hills can be reached at 248-370-8200.  The promotional rates can be found on the bank web site at www.bankofauburnhills.com.  Interest rates and bank information updated December 31, 2008.

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