CD Rates in Aurora Are Increasing
CD Rates in Aurora have been painfully low for quite a while, especially ever since the economic downturn in 2008. However, there may be hope for better interest rates in the near future. Banks, credit unions and other financial institutions are slowing increasing their rates, especially on longer-term certificates of deposit.
Why CD Rates Are Improving
According to the Wall Street Journal, there are a couple of reasons why CD interest rates are finally beginning to tick upward again. Expectations of higher inflation have led to a wide yield curve on Treasurys, which means it’s easier for banks to offer higher rates on longer term CDs. Additionally, more individuals and businesses are looking to take on longer loans, thus the need for financial institutions to entice customers to keep their money on deposit longer.
Current Highest CD Rates in Aurora, CO
Even though this is good news for CD rates, not all rates can be considered especially good offers as compared with the national average or even competitive for the local market. If you want to get the best CD rates in Aurora, here’s a list of the top offers right now:
Highest Aurora CD Rates: 6 Month CD
- Security Service Federal Credit Union: 4.05%
- Advantage Bank, Oklahoma: 1.6%
- Members Advantage Federal Credit Union - Wheat Ridge CO: 1.6%
Best Aurora CD Rates: 12 Month CD
- Security Service Federal Credit Union: 4.45%
- Members Advantage Federal Credit Union - Wheat Ridge CO: 2%
- Mile High Banks: 2%
Best CD Rates in Aurora: 24 Month CD
- Security Service Federal Credit Union: 4.4%
- Red Rocks Credit Union: 2.73%
- Members Advantage Federal Credit Union - Wheat Ridge CO: 2.3%
