Aurora Bank FSB Rates & Review

Aurora Bank FSB Review

Aurora Bank FSB provides consumer banking services, business services, and commercial services online and through its offices in Delaware and New Jersey.

Headquartered in Wilmington, Del., Aurora Bank FSB began serving customers in 1921 and has grown to tally assets over $5 billion as of 2010. Its online services for businesses and individuals include investor products, business technologies, consumer loans, and mortgages. There are also online tools such as calculators and loan summary software. In addition to the Delaware headquarters, there is also a branch office in Jersey City, NJ.

Personal banking

Aurora Bank FSB offers a checking account with interest, a savings account, and a premium money market account. Also available are CDs, IRAs and Roth retirement accounts. Their savings account includes no monthly fees with minimum deposits, electronic transfers and ATM card privileges. For its online customers, Aurora Bank FSB offers CDs and college savings plans. The website offers 401(k) calculators, ARM calculators for home loans, and mortgage qualifier software.

Individual customers have 24/7 online access to their savings account, checking account, money market account, CD, and retirement plans.

Business services

More than ten years ago, Aurora Bank FSB developed a business group to service commercial loans, bond administration, and default surveillance. Clients are entitled to use the bank's proprietary Web-based Investor Portal.

Community services

In the community, Aurora Bank FSB participates through its Community Reinvestment Act Program, serving the areas of Wilmington, Del. and Jersey City, NJ.

Deposit insurance

As of August 2010, Aurora Bank FSB participates in the FDIC's Transaction Account Guarantee Program. The bank's IRA accounts are FDIC-insured up to $250,000, and qualifying joint accounts can be insured separately from single ownership. Traditional IRA RetirementBuilder and Roth IRA RetirementBuilder accounts are also insured.