American Eagle Bank is headquartered in SOUTH ELGIN and is the 113th largest bank in the state of Illinois. It is also the 1,935th largest bank in the nation. It was established in 2002 and as of March of 2023, it had grown to 27 employees at 2 locations. American Eagle Bank's money market rates are 11X the national average, and it has a B+ health rating.
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.
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.
Overall | |
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FDIC Certificate # | 57359 |
Year Established | 2002 |
Employees | 27 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.72% |
Return on Equity - YTD | 8.15% |
Annual Interest Income | $4.8MM |
Assets and Liabilities | ||
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Assets | Q1 2023vs Q1 2022 | $434.0MM$353.1MM |
Loans | Q1 2023vs Q1 2022 | $354.4MM$275.2MM |
Deposits | Q1 2023vs Q1 2022 | $345.6MM$310.9MM |
Equity Capital | Q1 2023vs Q1 2022 | $36.6MM$32.5MM |
Loan Loss Allowance | Q1 2023vs Q1 2022 | $1.9MM$1.8MM |
Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $73.00K$49.00K |
Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |
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.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
1.00%* | $1 | $10k | EagleSavers | ||
OTHER TIERS: 0.75% → $10k+ | |||||
0.75% | $200 | - | Statement Savings | ||
0.75% | $200 | - | Business Statement Savings |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
1.00% | - | - | Golden Eagle NOW Checking | |
0.75% | $500 | - | Platinum NOW Checking | |
0.75% | $500 | - | Business Platinum NOW Checking |
American Eagle Bank Locations | ||
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American Eagle Bank | 556 Randall Rd | South Elgin, IL 60177 |
Chicago Branch | 2255 N. Western Avenue | Chicago, IL 60647 |