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Eagle Bank and Trust Company Review

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We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure We maintain strict editorial integrity in our writing and assessments. This post contains links from our advertisers, and we may receive compensation when you click these links. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone. | Advertiser Disclosure
Eagle Bank and Trust Company Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Eagle Bank and Trust Company was founded in 1919 with headquarters in Little Rock, Arkansas. Eagle Bank and Trust Company manages assets of $371 million and deposits totaling $305 million, making it a small bank. Eagle Bank and Trust Company lacks premium access to customer service, with no options for live chat or all-day service. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Eagle Bank and Trust Company is a great bank that you should seriously consider, with a rating of 4.2 out of 5 stars from the SmartAsset experts. Eagle Bank and Trust Company has an array banking products, including savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate; other popular banks have higher rates. If you're interested in stress-free personal checking, Eagle Bank and Trust Company offers an option without a maintenance or monthly fee. Locating a bank with free checking and a high interest rate savings account is the best bet for returning the most income from your deposits while maintaining convenient access to your money.

How We Rated It

SmartAsset's Overall Rating

4.2/5
National Average: 4.1

The overall rating is a weighted average of rates, fees, service quality and financial health.Read more

Rates

3.1
SmartAsset Average: 3.5

With a savings rate of 0.15%, Eagle Bank and Trust Company ranks poorly in comparison to the average U.S. bank. Its one-year and five-year term lengths CDs earn at a rate of 0.85% and 1.66%, respectively, while its highest-yielding money market account has an APY of 0.36%. Given Eagle Bank and Trust Company's noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Eagle Bank and Trust Company's Savings Rates Compare

Eagle Bank and Trust Company Savings 0.15 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Eagle Bank and Trust Company has generally extremely low fees as compared against the national average. Eagle Bank and Trust Company's checking account has no monthly fee, ranking it excellent for anyone looking for a simple account. Eagle Bank and Trust Company doesn't reimburse out-of-network ATM charges, meaning you will have to locate an Eagle Bank and Trust Company ATM or eat the cost of withdrawal.

Monthly Fee $0 National Average: $3.21
Non-network ATM Fee N/A National Average: $1.20
Overdraft Fee N/A National Average: $35.00
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Service Quality

4.1
SmartAsset Average: 3.7

Eagle Bank and Trust Company is a brick-and-mortar bank, with 13 total bank locations in Arkansas. It also offers access to mobile and web apps for easy access and banking on the go. Eagle Bank and Trust Company's online and mobile banking platforms get moderately satisfactory feedback from customers. With 41 ratings across both iOS and Android platforms, the Eagle Bank and Trust Company mobile app is scored at 4.2 out of 5 (compared to the national average of 3.8). Eagle Bank and Trust Company's mobile app allows you to control your accounts by reviewing account balances, sending and receiving money as well as accessing customer service. Eagle Bank and Trust Company receives an exceptional consumer satisfaction score based on relatively few consumer complaints reported to the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.

Overall Mobile Rating 4.2/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

4.5
SmartAsset Average: 4.8

Eagle Bank and Trust Company is currently a small bank with assets totaling $371 million as well as $305 million in deposits. It has a strong Texas Ratio of 10.04%, denoting that the bank is in fine financial well-being and far from failure. Additionally, Eagle Bank and Trust Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

10.04%
High Risk 75% 50% 20% 10% Low Risk

The Texas Ratio, a measure of a "bad assets" against available capital, can provide an early warning sign of bank failure. A low ratio indicates smaller chance of failure; a higher ratio suggests greater risk.

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Compare Eagle Bank and Trust Company to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $100
Checking Account 0.15% APY $1000
Certificates of Deposit
  • 12 Month: 0.85% APY
  • 24 Month: 1.21% APY
  • 36 Month: 1.31% APY
  • 48 Month: 1.41% APY
  • 60 Month: 1.66% APY
$500 for all terms
Money Market Accounts 0.21% APY 0.36% APY $10000 $15000

Eagle Bank and Trust Company has several deposit products including savings accounts, checking accounts and money market accounts that provide you with many options to manage your money. Eagle Bank and Trust Company does not have the best savings rate, which means you should think about other options for banks that deliver more return for your money. CDs can be a terrific option to achieve higher returns, but there are limitations to accessing your money. Eagle Bank and Trust Company's CD rates are fair compared to other U.S. banks.

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Find a Eagle Bank and Trust Company Near Me

Eagle Bank and Trust Company has 13 branches in the U.S.

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