American Eagle Bank of Chicago has changed their CD promotion. The special is now a 2.00% APY 26-month CD. Minimum deposit is $1,000. This rate is listed in the bank's Chicago promotions page as of 9/26/2010. In June the special was a 2.50% 29-month CD.
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 by residents of the Chicago metro area and current customers.
The bank's branch in South Elgin doesn't list this promotion. The bank has two Chicago branches. These are located at 700 North Ashland Ave. and at 2255 North Western Ave.
American Eagle Bank of Chicago has an overall health score of 4 out of 5 with a Texas Ratio of 10.72% (excellent) based on 6/30/2010 data. Please refer to our financial overview of American Eagle Bank of Chicago for more details. The bank has been a FDIC member since 2007 (FDIC Certificate # 58514).
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