American Eagle Bank


Overview / Commentary
847-742-7400
556 Randall Road
South Elgin, IL 60177

American Eagle Bank is headquartered in SOUTH ELGIN and is the 116th largest bank in the state of Illinois. It is also the 1,965th largest bank in the nation. It was established in 2002 and as of March of 2024, it had grown to 27 employees at 2 locations. American Eagle Bank's money market rates are 11X the national average, and it has an A health rating.

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Reviews (2)

So Far So Good!

Posted by: |

Despite all the bad reviews about his bank on the web i will say the customer service is top notch. Opened a 2% savings account with no issues and they pay as promised. I have a feeling all the bad reviews are people who took out car loans and don’t know how to pay on time.

Terrible Customer Service.

Posted by: |

Called on a Thursday to open a CD. The lady I spoke to made it seem like I was bothering her. Since they are in the dark ages regarding online services I had to come in.
Came in on Friday & it took the customer service rep three attempts to get paperwork correct. While sitting at CS rep's desk I called my bank to transfer money over. CS confirmed everything was ok.
Received a telephone call an hour later from CS rep saying CD paperwork will have to be redone when funds arrive.
At this point I have no idea what is going on.



Health

Health Grade Components

Overall
FDIC Certificate #57359
Year Established2002
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD4.57%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$436.6MM$434MM
LoansQ1 2024vs Q1 2023$364.9MM$354.4MM
DepositsQ1 2024vs Q1 2023$348.8MM$345.6MM
Equity CapitalQ1 2024vs Q1 2023$39.9MM$36.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1.5MM$1.9MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$142K$73K
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not American Eagle Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

† The rates for some products vary by region. In these cases we have listed the rates for the region closest to the bank's headquarters.

American Eagle Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.00%$200-Statement Savings
4.00%$200-Business Statement Savings
0.90%*$1$10kEagleSavers
OTHER TIERS: 0.55% $10k+

American Eagle Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.75%*$500k*-Platinum Money Market
OTHER TIERS: 1.00% $1k - $15k | 2.50% $15k - $50k | 3.80% $50k - $100k | 4.25% $100k - $500k
4.75%*$500k*-Business Platinum Money Market
OTHER TIERS: 1.00% $1k - $15k | 2.50% $15k - $50k | 3.80% $50k - $100k | 4.25% $100k - $500k

American Eagle Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$0-Golden Eagle NOW Checking
0.65%$500-Platinum NOW Checking
0.65%$500-Business Platinum NOW Checking

American Eagle Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%*$5k*-6 Month CD
OTHER TIERS: 4.90% $1k - $5k
5.10%*$5k*-Business 6 Month CD
OTHER TIERS: 4.90% $1k - $5k
5.00%*$5k*-12 Month CD
OTHER TIERS: 4.80% $1k - $5k
5.00%*$5k*-Business 12 Month CD
OTHER TIERS: 4.80% $1k - $5k
4.75%*$5k*-24 Month CD
OTHER TIERS: 4.55% $1k - $5k
4.75%*$5k*-Business 24 Month CD
OTHER TIERS: 4.55% $1k - $5k
4.50%*$5k*-36 Month CD
OTHER TIERS: 4.30% $1k - $5k
4.50%*$5k*-Business 36 Month CD
OTHER TIERS: 4.30% $1k - $5k
4.00%*$5k*-48 Month CD
OTHER TIERS: 3.80% $1k - $5k
4.00%*$5k*-Business 48 Month CD
OTHER TIERS: 3.80% $1k - $5k
3.75%*$5k*-60 Month CD
OTHER TIERS: 3.55% $1k - $5k
3.75%*$5k*-Business 60 Month CD
OTHER TIERS: 3.55% $1k - $5k

American Eagle Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.10%*$5k*-6 Month IRA
OTHER TIERS: 4.90% $1k - $5k
5.10%*$5k*-6 Month Education IRA
OTHER TIERS: 4.90% $500 - $5k
5.00%*$5k*-12 Month IRA
OTHER TIERS: 4.80% $1k - $5k
5.00%*$5k*-12 Month CESA IRA
OTHER TIERS: 4.80% $500 - $5k
4.75%*$5k*-24 Month IRA
OTHER TIERS: 4.55% $1k - $5k
4.75%*$5k*-24 Month CESA IRA
OTHER TIERS: 4.55% $500 - $5k
4.50%*$5k*-36 Month CESA IRA
OTHER TIERS: 4.30% $500 - $5k
4.50%*$5k*-36 Month IRA
OTHER TIERS: 4.30% $1k - $5k
4.00%*$5k*-48 Month IRA
OTHER TIERS: 3.80% $1k - $5k
4.00%*$5k*-48 Month CESA IRA
OTHER TIERS: 3.80% $500 - $5k
3.75%*$5k*-60 Month IRA
OTHER TIERS: 3.55% $1k - $5k
3.75%*$5k*-60 Month CESA IRA
OTHER TIERS: 3.55% $500 - $5k
Locations


American Eagle Bank Locations
American Eagle Bank556 Randall RdSouth Elgin, IL 60177
Chicago Branch2255 N. Western AvenueChicago, IL 60647

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