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Competitive 5-Year CD Rate at American Eagle Bank of Chicago - Local Only

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APYMINMAXINSTITUTIONPRODUCTDETAILS
4.25*†%$5k-American Eagle Bank36 Month CD
OTHER TIERS: 4.05% → $1k - $5k
4.00*†%$5k-American Eagle Bank48 Month CD
OTHER TIERS: 3.80% → $1k - $5k
3.75*†%$5k-American Eagle Bank60 Month CD
OTHER TIERS: 3.55% → $1k - $5k
Rates as of September 23, 2024.

American Eagle Bank of Chicago is offering some competitive long-term CD rates. Another perk with these CDs is a mild early withdrawal penalty. Jumbo CDs have the most competitive rates. These include a 2.10% APY 5-year CD, a 1.85% APY 4-year CD and a 1.60% APY 3-year CD. Regular CDs with a $1,000 minimum deposit have rates 10 basis points lower. These regular CD rates are listed at the bank's rates pages for both its Chicago branch and South Elgin branch as of 1/10/2012.

One nice feature to note of the bank's CDs is a mild early withdrawal penalty. According to the small print at the bottom of the bank's rate table, it's 90 days of interest for terms over 12 months.

Accounts can only be open at the Chicago branch by residents of the Chicago metro area. CDs at the South Elgin branch are only available to Kane County residents.

The two branches are under the same bank holding company, Orchid Financial Bancorp, Inc., but each has its own FDIC charter. American Eagle Bank of Chicago's FDIC certificate number is 58514, and American Eagle Bank (in South Elgin) has a FDIC certificate number of 57359. The Chicago bank has weaker financial numbers with a 2 star rating (out of 5) at DepositAccounts.com with a Texas Ratio of 31.25% (below average). The South Elgin bank has a 4 star rating at DepositAccounts.com with a Texas Ratio of 9.25% (above average). These ratings are based on September 2011 data.

How These CD Rates Compare

The best nationally available 5-year CD rate is 2.68% APY at Melrose Credit Union. For a bank, the best rate is 2.25% APY (59-month CD special) at US Bank. These rates are accurate as of 1/10/2012.

It should be noted that both Melrose Credit Union and US Bank have harsh early withdrawal penalties. I have more details on the EWP at Melrose in this post and at US Bank in this post.

Searching for the Best CD Rates

To search for the best nationwide CD rates and the best CD rates in your state, please refer to the CD rates section of DepositAccounts.com.

Related Pages: American Eagle Bank, Chicago, CD rates

Competitive 29-Month CD Rate at American Eagle Bank of Chicago - Local Only
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POSTED ON TUESDAY, FEBRUARY 2, 2010 BY KEN TUMIN

American Eagle Bank of Chicago continues to offer a competitive 29-month CD special with a 2.50% APY. It had been 2.75% last year. Minimum deposit is $1,000. The bank also has a promotion for its Platinum NOW Checking account with a 1.75% APY guaranteed for 3 months. Direct deposit is required. Minimum balance is $500 to obtain APY and to avoid a $10 fee. These rates are listed in the bank's Chicago promotions page as of 2/2/2010.

One nice feature to note of the bank's CDs is a mild early withdrawal...

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2.75% 29-Month CD at American Eagle Bank of Chicago - Local Only
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POSTED ON WEDNESDAY, SEPTEMBER 23, 2009 BY KEN TUMIN
American Eagle Bank of Chicago is offering a competitive 29-month CD special with a 2.75% APY. Minimum deposit is $1,000. The bank also has a promotion for its Platinum NOW Checking account with a 2.00% APY guaranteed for 3 months. Direct deposit is required. Minimum balance is $500 to obtain APY and to avoid a $10 fee. These rates are listed in the bank's Chicago promotions page as of 9/23/09.

This bank has offered many good deals over the last two years. My last report was in May 2009 when it...

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3.00% 24-Month CD at American Eagle Bank in Illinois - Local Only
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POSTED ON THURSDAY, MAY 21, 2009 BY KEN TUMIN
American Eagle Bank has two competitive promotional CD rates: a 3.00% APY 24-month CD and a 2.50% APY 14-month CD. The 24-month CD is called the One Giant Step CD. The rate is 2.50% APY for the first 12 months, and 3.50% APY for the second 12 months. Minimum deposit is $1,000. These rates are listed on the CD pages for both the bank's Chicago branch and Kane County branch as of 5/21/09.

There's also a checking account promotion in the Chicago branch with a 2% APY gauranteed for 3 months....

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4.50% 7-Month CD at a Chicago Bank - plus 4.60% 3-Month Checking Special (American Eagle).
Comments
POSTED ON SATURDAY, FEBRUARY 23, 2008 BY KEN TUMIN
Update 2/23/08: The special rates have gone down. Please check the bank's website for the latest rates.

American Eagle Bank Chicago has two decent promotions. The first is a 4.50% APY 7-month CD special. The minimum deposit is $1,000. The second promotion is a guaranteed rate of 4.60% APY for 3 months in the Platinum NOW Checking. Direct deposit is required. The checking account has a minimum balance of $500 to avoid a $10 fee.

The bank's standard rates are also competitive with a 4.10% APY 12-month CD and a 4.00% APY...



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5.50% 12-Month CD at a Chicago Bank - plus 5.50% Money Market Account (American Eagle).
Comments
POSTED ON SUNDAY, SEPTEMBER 30, 2007 BY KEN TUMIN
Update 9/30/07:. Rates have gone down. Current promotion is a 5.25% 6-month CD. Top tier of money market account is now 5.10% APY.

American Eagle Bank Chicago continues to offer a decent CD promotion. A yield of 5.50% APY is available for CDs with terms of 6 or 12 months. There's also a 5.35% APY 18-month CD special. The minimum deposit is $1,000.

The bank also offers 5.50% APY on its Platinum Money Market Account for balances over $50k. The yield is 4.50% APY for balances between $15k and $50k, and 2.50%...



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