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American Chartered Bank

Popular Accounts at this Bank

0.85%5-year CD60 Month CD
0.20%1-year CD12 Month CD
0.05%SavingsAbsolutely Free Savings

Overview / Commentary
20 North Martingale Road
Schaumburg, IL 60173

American Chartered Bank is headquartered in Schaumburg and is the 13th largest bank in the state of Illinois. It is also the 304th largest bank in the nation. It was established in 1987 and as of March of 2016, it had grown to 306 employees at 16 locations. American Chartered Bank has an A health rating.

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Reviews (3)

Great Community Bank

I love banking with American Chartered! All of the bankers and tellers are so friendly and treat me like I am an old friend when I walk in. They have free checking with no service fees and once when I accidentally overdrew my account, they were nice enough to waive the fee for me as a courtesy. Their rates on CDs and Money Markets used to kind of good but now they're not that great- I think it has more to do with the economy, though, than the bank itself. American Chartered is convenient and they have a very helpful staff. I also refinanced my mortgage through them, and they made the process nice and easy!

Good, Solid Local Banking

Posted by: Anonymous | Oct 21, 2011

I have banked with American Chartered for over 15 years. I've had checking and savings and occasionally will do a CD (although rates the last few years are terrible). They have always treated me great. They are friendly and treat me like a fellow neighbor. They're not greedy like the big banks that charge you fees for every little thing. I have had free checking and savings with them for all these years. They also have good online banking and have recently upgraded it so it's even easier to use. I'd highly recommend them for anyone looking for no hassles and friendly service. They will treat you like a person, not a number or another fee!!!

Good And Long History With This Bank

Posted by: JL | Dec 9, 2015

This bank originally attracted me by their free checking account program. No minimum balance and the free checking even offers interest! When I started banking with ACB, they only had 4 or 5 locations but now they have expanded to roughly twice that sum. Originally this bank did whatever possible to set themselves apart from the other area banks such as having open bank branches on Sundays. Several locations offered two ATM machines so you never had to wait. During the recession of the mid-2000's, bank customers witnessed several cut backs such as the loss of expanded banking hours, the addition of more requirements to continue enjoying free checking and other additional or increased fees. It was widely known that several of their large commercial loans were experiencing defaults to varying degrees but in the end the Feds never knocked on the doors to organize a shut-down as many other peer banks suffered during this time of financial crisis. Today, customers are now enjoying a more service oriented bank and relaxed rules such as allowing a customer to cover any shortages in their accounts on the same day as presented without penalty. The phone, web-site and secured mobile apps give customers the ability to make deposits and transfer monies between savings and checking without difficulty. I would recommend them to any of my friends. Stop by and get a piece of chocolate every time you do business!


Health Grade Components

FDIC Certificate #27006
Year Established1987
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.15%
Return on Equity - YTD13.51%
Annual Interest Income$25.4MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$2.80B$2.72B
LoansQ1 2016vs Q1 2015$2.00B$1.88B
DepositsQ1 2016vs Q1 2015$2.40B$2.17B
Equity CapitalQ1 2016vs Q1 2015$243.5MM$223.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$26.1MM$30.2MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$13.6MM$9.1MM
Real Estate OwnedQ1 2016vs Q1 2015$3.7MM$13.4MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

American Chartered Bank Savings Account Rates

0.20%*$10k*-Health Savings Account
OTHER TIERS: 0.05% Up to $5k | 0.10% $5k - $10k
0.05%--Absolutely Free Savings
0.05%--Business Savings

American Chartered Bank Money Market Rates

0.20%*$100k*-High Yield Money Market
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $25k | 0.15% $25k - $100k

American Chartered Bank Checking Account Rates

0.16%*$250k*-High Yield Checking
OTHER TIERS: 0.05% $10k - $25k | 0.10% $25k - $50k | 0.12% $50k - $100k | 0.15% $100k - $250k
0.05%$1,500-Preferred Interest Checking
0.03%--Convenience Interest Checking

American Chartered Bank CD Rates

0.85%$1k-60 Month CD
0.60%$1k-48 Month CD
0.40%$1k-36 Month CD
0.35%$1k-24 Month CD
0.20%$1k-12 Month CD
0.15%$1k-9 Month CD
0.10%$1k-6 Month CD
0.05%$1k-3 Month CD

American Chartered Bank IRA Rates

0.85%$1k-60 Month IRA
0.60%$1k-48 Month IRA
0.40%$1k-36 Month IRA
0.35%$1k-24 Month IRA
0.20%$1k-12 Month IRA
0.15%$1k-9 Month IRA
0.10%$1k-6 Month IRA
0.05%$1k-3 Month IRA

American Chartered Bank has 16 locations. Click to view all American Chartered Bank locations.