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American Eagle Bank


Overview / Commentary
www.americaneaglebank.com
847-742-7400
556 Randall Road
South Elgin, IL 60177

American Eagle Bank is headquartered in South Elgin and is the 170th largest bank in the state of Illinois. It is also the 2,619th largest bank in the nation. It was established in 2002 and as of September of 2020, it had grown to 21 employees at 1 location. American Eagle Bank has a B 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.

4

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.

1


Health
B

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57359
Year Established2002
Employees21
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.03%
Return on Equity - YTD11.94%
Annual Interest Income$9.2MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$256.8MM$274.3MM
LoansQ3 2020vs Q3 2019$218.6MM$209.4MM
DepositsQ3 2020vs Q3 2019$223.9MM$245.9MM
Equity CapitalQ3 2020vs Q3 2019$23.3MM$21.8MM
Loan Loss AllowanceQ3 2020vs Q3 2019$1.5MM$1.6MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$108.00K$186.00K
Real Estate OwnedQ3 2020vs Q3 2019$941.00K$260.00K
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
0.25%*†$1$10kEagleSavers
OTHER TIERS: 0.15% → $10k+
0.15%†$200-Statement Savings
0.15%†$200-Business Statement Savings

American Eagle Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*†$100k*-Platinum Money Market
OTHER TIERS: 0.10% → $1k - $50k | 0.20% → $50k - $100k
0.25%*†$100k*-Business Platinum Money Market
OTHER TIERS: 0.10% → $1k - $50k | 0.20% → $50k - $100k

American Eagle Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%†--Golden Eagle NOW Checking
0.10%†$500-Platinum NOW Checking
0.10%†$500-Business Platinum NOW Checking

American Eagle Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%†$1k-Business 60 Month CD w/ Relationship Bonus
1.05%†$5k-60 Month CD w/ Relationship Bonus
0.95%†$5k-48 Month CD w/ Relationship Bonus
0.95%†$5k-Business 48 Month CD w/ Relationship Bonus
0.85%†$5k-36 Month CD w/ Relationship Bonus
0.85%†$5k-Business 36 Month CD w/ Relationship Bonus
0.80%*†$5k*-60 Month CD
OTHER TIERS: 0.60% → $1k - $5k
0.80%†$5k-24 Month CD w/ Relationship Bonus
0.80%*†$5k*-Business 60 Month CD
OTHER TIERS: 0.60% → $1k - $5k
0.80%†$5k-Business 24 Month CD w/ Relationship Bonus
0.70%*†$5k*-48 Month CD
OTHER TIERS: 0.50% → $1k - $5k
0.70%†$5k-12 Month CD w/ Relationship Bonus
0.70%*†$5k*-Business 48 Month CD
OTHER TIERS: 0.50% → $1k - $5k
0.70%†$5k-Business 12 Month CD w/ Relationship Bonus
0.60%*†$5k*-36 Month CD
OTHER TIERS: 0.40% → $1k - $5k
0.60%*†$5k*-Business 36 Month CD
OTHER TIERS: 0.40% → $1k - $5k
0.55%*†$5k*-24 Month CD
OTHER TIERS: 0.35% → $1k - $5k
0.55%*†$5k*-Business 24 Month CD
OTHER TIERS: 0.35% → $1k - $5k
0.45%*†$5k*-12 Month CD
OTHER TIERS: 0.25% → $1k - $5k
0.45%*†$5k*-Business 12 Month CD
OTHER TIERS: 0.25% → $1k - $5k

American Eagle Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.05%†$5k-60 Month IRA w/ Relationship Bonus
0.95%†$5k-48 Month IRA w/ Relationship Bonus
0.85%†$5k-36 Month IRA w/ Relationship Bonus
0.80%*†$5k*-60 Month IRA
OTHER TIERS: 0.60% → $1k - $5k
0.80%†$5k-24 Month IRA w/ Relationship Bonus
0.70%*†$5k*-48 Month IRA
OTHER TIERS: 0.50% → $1k - $5k
0.70%†$5k-12 Month IRA w/ Relationship Bonus
0.60%*†$5k*-36 Month IRA
OTHER TIERS: 0.40% → $1k - $5k
0.55%*†$5k*-24 Month IRA
OTHER TIERS: 0.35% → $1k - $5k
0.45%*†$5k*-12 Month IRA
OTHER TIERS: 0.25% → $1k - $5k
Locations


American Eagle Bank Locations
American Eagle Bank556 Randall RoadSouth Elgin, IL 60177

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