First Eagle Bank (Chicago) Adds 18-Month CD (3.00% APY)


Deal Summary: 18-month CD Special, 3.00% APY, $2.5k minimum deposit.

Availability: Market area is greater Chicago area (Chicagoland).

DA readers are great when it comes to letting me know about hot deals. Over the weekend, a reader emailed me the details of a hot CD deal at Chicago-based First Eagle Bank. My last post on this bank was more than 12 years ago, and coincidentally, the post was about a hot CD deal that I learned about from a reader’s email. Of course, the rate was higher back then, but this new CD deal is very competitive for today’s rate environment.

First Eagle Bank is currently offering an 18-month CD Special, earning 3.00% APY. This limited-time offer can be opened with a $2.5k minimum deposit and there is no stated balance cap.

3.00%$2.5k-First Eagle Bank18 Month CD Special
Rates as of July 23, 2018.

According to the Additional Terms and Disclosure document,

If we consent to a request for a withdrawal that is otherwise not permitted, you may have to pay a penalty. The penalty will be an amount equal to 180 days interest on the amount withdrawn.

There is a 10 day grace period before the 18-month CD Special automatically renews to the current rate.

Thanks to the Chicago-area DA reader who emailed me about this hot 18-month CD.


Headquartered in Chicago, First Eagle Bank offers its product line to residents of the greater Chicago area, aka Chicagoland.

Opening an 18-month CD Special requires an in-person visit to either of the two Illinois branches located in Chicago (Near West Side) and Hanover Park (DuPage County). First Eagle Bank’s online banking platform is currently limited to account management and bill payment services.

Bank Overview

First Eagle Bank has an overall health grade of "A” at, with a Texas Ratio of 1.01% (excellent), based on March 31, 2018 data. The Bank has an excellent capitalization level (17.37%), the result of holding $485.69 million in assets and $84.37 million in equity. Please refer to our financial overview of First Eagle Bank (FDIC Certificate # 25883) for more details.

An investor group led by First Eagle Bank’s current Board Chairman, Joel Salk, acquired the First National Bank of Roselle in January 1991. The Bank was recapitalized and rebranded as First Eagle National Bank, reflecting the Bank’s market expansion from a small community bank in Roselle, Illinois, to a bank that would serve the greater Chicago area. In a March 2016 press release, the Bank announced that,

The Illinois Bankers Association (IBA) recently presented the Illinois Bank Financial Literacy award to First Eagle Bank in Chicago. The award was created and judged by the IBA’s Financial Literacy Committee and is presented to an Illinois bank that provides critical training and key resources in a progressive and thorough manner to its community.

How the CD Compares

When compared to other similar length-of-term CDs tracked by that require a similar minimum deposit are available within the Bank’s market area, First Eagle Bank’s 18-month CD Special APY currently ranks first.

Interest RateCD Length of TermCredit Union/Bank
3.00% APY18-Month CD SpecialFirst Eagle Bank
2.80% APY15-Month CD SpecialMainStreet Bank
2.68% APY18-Month Share Certificate SpecialInterior Federal Credit Union

The above rates are accurate as of 7/23/2018.

Searching for the best CD rates, either nationally available or state-specific? Please refer to our CD Rates Table page.

Related Pages: Chicago CD rates, 1-year CD rates

whoooo!   |     |   Comment #1
OMG! lets charter a bus convoy
deplorable 1
deplorable 1   |     |   Comment #2
I could actually drive there but I won't since these will be commonplace in short order.
Anonymous   |     |   Comment #3
I sure hope so!
6.00% 12-Month CD at a Chicago Bank (First Eagle) - EXPIRED

UPDATE: This 12-month CD offer has EXPIRED.

First Eagle National Bank has a 6.00% APY (5.87% interest rate) 12-month certificate of deposit. The minimum is $2.5K.

The bank has branches in Chicago and Hanover Park, Illinois.

The bank is FDIC insured. It has a 4 out of 5 star safe and sound rating at

Thanks to the reader who emailed me this deal.

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.