First American Bank (IL)
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 1.00% | Reward Checking | 2.02% - National Average |
| 1.50% | 1-year CD | 2.50% - Synchrony Bank 12 Month CD |
| 0.25% | Savings |
First American Bank (IL) is headquartered in Elk Grove Villag and is the 10th largest bank in the state of Illinois. It is also the 235th largest bank in the nation. It was established in 1901 and as of June of 2018, it had grown to 659 employees at 54 locations. First American Bank (IL)'s money market rates are 3X the national average, and it has a B+ health rating.
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9/15 - $150 Checking Account Bonus In Chicagoland & Miami
This Should Be Your Next Bank!
This is the best bank I have ever dealt with. They have the most wonderful customer service people in the industry. They have helped me deal with all of my financial matters in a friendly and professional manner. I had a no headache time when calling to have charges removed from my debit card. I would recommend this bank! Free checking and competitive fees are also a couple more reasons to consider First American Bank. For me, it's all about the superior customer service!
All My Dealings With First American Bank Have Been Positive, Staff Is Helpful And Responsive.
I am a long-distance customer, so I haven't visited a branch. Website is easy to use, quick to access and seems secure (uses multiple security features). I only had one problem and it was quickly rectified. Special requests have been cheerfully and promptly handled.
Very Disgruntled HSA Account Holder
I've had an HSA account with them for about 5 years. I've used their ATM card and online banking. Tonight I try to access my account for a transfer and I'm denied because I won't sign an online agreement. This is not an informative agreement, it has stipulations I now have to agree to in order to access my funds. They have my money and want to change the conditions of the agreement they have with my company that uses them for the HSA. They are unbelievably crooked. I doubt that it is even legal and they are denying access to my funds. Stay away.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 3657 |
| Year Established | 1901 |
| Employees | 659 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.92% |
| Return on Equity - YTD | 10.38% |
| Annual Interest Income | $73.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $4.58B$3.85B |
| Loans | Q2 2018vs Q2 2017 | $1.78B$1.43B |
| Deposits | Q2 2018vs Q2 2017 | $3.03B$2.40B |
| Equity Capital | Q2 2018vs Q2 2017 | $377.1MM$367.5MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $21.9MM$20.4MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $21.8MM$11.0MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $604.00K$525.00K |
Always verify rates and promotions with the bank or credit union. We are not First American Bank (IL); 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.
First American Bank (IL) Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%*† | $100k* | - | HSA SavingsPLUS Account | ||
| OTHER TIERS: 0.30% → Up to $10k | 0.40% → $1k - $5k | 0.75% → $5k - $50k | 1.15% → $50k - $100k | |||||
| 0.65%*† | $100k* | $1m | Health Savings Account | ||
| OTHER TIERS: 0.05% → Up to $1k | 0.25% → $1k - $5k | 0.40% → $5k - $50k | 0.55% → $50k - $100k | |||||
| 0.25%† | - | - | Easy Savings Account | ||
First American Bank (IL) Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.25%*† | $250k* | - | Optimal Money Market Account | ||
| OTHER TIERS: 0.30% → $1k - $5k | 0.40% → $5k - $25k | 0.55% → $25k - $50k | 0.65% → $50k - $250k | |||||
First American Bank (IL) Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.00%*† | - | $15k | Everyday Rewards Checking | ||
| OTHER TIERS: 0.21% → $15k+ | |||||
| 0.65%*† | $250k* | - | Optimal Checking Account | ||
| OTHER TIERS: 0.25% → $1k - $5k | 0.30% → $5k - $25k | 0.45% → $25k - $50k | 0.55% → $50k - $250k | |||||
First American Bank (IL) CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.60%† | $5k | - | 14 Month CD Special | |
| 2.15%† | $5k | - | 7 Month CD Special | |
| 1.50%† | $5k | - | 12 Month CD | |
| 1.00%† | $5k | - | 6 Month CD | |
| 0.75%† | $5k | - | 3 Month CD |
