EagleBank is headquartered in BETHESDA and is the 2nd largest bank in the state of Maryland. It is also the 147th largest bank in the nation. EagleBank is a community bank with 13 offices in Maryland, Northern Virginia, and Washington, DC. EagleBank also offers a complete line of competitive personal banking products and services.
Nice Bank For Cds
Normally I don't bother with local banks in my area (Maryland) because the rates generally are poor in comparison with national on-line banks.
But I happened across EagleBank who was offering 5.44% APY on a 12 month CD. One of their branches was only a few miles away, so I drove over there and opened a CD. The 5.44% APY was available in my choice of terms from 12 months to 17 months (I chose 17 months), which was not at all obvious from their online rate sheet (12 month @ 5.44 and 18 month @ 5.08).
No hassle to open, took five minutes.
Does C+ Health Rating Worry You?
I've called with promised call back from manager. No call back...at this time.
I've emailed asking. "As the federal govt shrinks. Does EagleBank expect further Net Income losses for fiscal 2025...following Net Income loses 2024."
Email reply. Thanks for contacting us with your concerns. I have forwarded your request to the appropriate team for comment.
Tried To Charge Me $36 For Insufficient Funds To Open A CD
I tried to open a new CD with them using funds that I transferred into the savings acct. I have with them. The funds didn't come to that acct. until a few hours later. They charged me $36 for not having sufficient funds IN THEIR OWN ACCOUNT! I called and complained. The person who I talked to couldn't reverse the charge and had to escalate it to her supervisor. They finally reversed it but then left a snotty voice message on my phone saying they would never reverse any charges again. Well, I'll never open another account with them. Awful customer service!
Worst Bank For Opening Cds Online
Worst bank for opening CDs online. Although opening a CD was smooth and straightforward online, when I tried to close the CD account upon maturity, I discovered that I needed to mail a form, which is an extra burden.
Additionally, reaching customer care over the phone is pretty bad; the call either doesn't connect or drops when an agent picks up. Stay away from this bank unless you have lot of time to waste!
Data as of Q4 2024
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34742 |
| Year Established | 1998 |
| Employees | 452 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.36% |
| Return on Equity - YTD | -3.33% |
| Annual Interest Income | $685.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2024vs Q4 2023 | $11.08B$11.61B |
| Loans | Q4 2024vs Q4 2023 | $7.82B$7.88B |
| Deposits | Q4 2024vs Q4 2023 | $9.15B$8.85B |
| Equity Capital | Q4 2024vs Q4 2023 | $1.23B$1.27B |
| Loan Loss Allowance | Q4 2024vs Q4 2023 | $114.4MM$85.9MM |
| Unbacked Noncurrent Loans | Q4 2024vs Q4 2023 | $208.7MM$65.7MM |
| Real Estate Owned | Q4 2024vs Q4 2023 | $2.7MM$1.1MM |
