bank rates

Aurora Back On Top In 6-Month CD Rates

Aurora Bank returns to our CD Rates Leaderboard today.

The former Lehman Brothers Bank, which is based in Wilmington, Del., with a branch in Jersey City, N.J., is once again paying 1.10% APY on 6-month CDs with a $1,000 minimum deposit.

That’s up from 1.09% APY the past couple of weeks.

(We have no idea why banks bother to change their returns by one-hundredth of a percentage point — or a single basis point in banking lingo. But they do, and it drives us crazy.)

That ties Aurora with Colorado Federal Savings Bank for the top spot in our rankings of the top nationally available returns.

Here’s where to find all of the top rates:

3-Month CDs California First 0.80% APY $5,000
6-Month CDs Aurora Bank 1.10% APY $1,000
Colorado Federal 1.10% APY $5,000
12-Month CDs Melrose Credit Union 1.41% APY $5,000
24-Month CDs Salem Five Bank 1.75% APY $10,000
36-Month CDs Melrose Credit Union 2.17% APY $5,000
60-Month CDs Melrose Credit Union 2.93% APY $5,000

Banks and credit unions qualify for our rankings by selling their certificates of deposit online or through the mail, to savers nationwide.

Melrose is one of the few credit unions eligible for our rankings because its unique charter allows anyone to join for only $1, regardless of where they live or work. (You will also be required to hold at least $25 in a savings account.)

The other banks on today’s Leaderboard are:

  • Colorado Federal Savings, an online bank based in Greenwood Village, Colo.
  • Salem Five, which has 22 branches north of Boston.
  • California First National Bank, an online bank based in Irvine, Calif.

Compare these returns with the best CD rates from scores of other banks in our database.

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Comments (3)
1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 4.75 out of 5)
3 Existing Comments
  1. Steven B. Cook said:
    on February 6th at 04:57 pm

    SOOOO interest rate increase by a bank that was “FORMERLY” Lehman Brothers Bank. The question is with Lehman Brothers Holdings in bankruptcy what are the consequences of this entity? How with all the real estate mortgages entangled with former servicing company Aurora, and formerly Aurora Bank can they become Lehman Brothers Bank with it having good consequences? I mean with parent company in bankruptcy are these not assets of the parent, governed by bankruptcy laws?

    Point is how can an increase of nothing with all the entangled entities and a bankruptcy make it anything of a plus.

    Be very, very interesting if someone would tell me how they are operating and pertinence of the bankruptcy on these entities. OR is it all encompassed by the bankruptcy? Putting money into these entities seems like fools play to me BUT hey I’m just a common ordinary everday man the laws of this country whose opinion the founders of this country wrote our constitution and from which our laws were supposedly based.

    Aurora now headquarterd in Wilmington or in Colorado?
    Any answers out there?

  2. NickelAndDimed said:
    on February 8th at 10:28 am

    The former Lehman Brothers Bank was not part of its owners bankruptcy, but Aurora Bank’s future has been in doubt. Bloomberg Businessweek reported in December that Lehman Brothers Holdings — the parent company — completed a plan to prevent the bank from being seized by creditors.

    Aurora Bank, headquartered in Delaware, received four (sound financial condition) out of a possible five stars from’s Safe & Sound Rating System.

  3. devisee said:
    on March 23rd at 10:30 pm

    Aurora Bank is offering some great products with some competitive rates. They are four star rated by bank rate. Use this link and code JMT1 to get special terms on some products.