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Eagle Bank and Trust Company Review

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Eagle Bank and Trust Company Savings
0.13% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations

Overview

Eagle Bank and Trust Company first started operating in 1919 with headquarters in Little Rock, Arkansas. It owns $371 million in assets along with deposits totaling $305 million, making it a small bank. Eagle Bank and Trust Company lacks premium access to support representatives, with no live chat or all-day service options available. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. Overall, Eagle Bank and Trust Company is a solid contender in your bank search, with a rating of 4.2 out of 5 stars from the SmartAsset team. Eagle Bank and Trust Company offers a mixture of banking products, which include savings accounts, checking accounts, money market accounts, mortgage products and credit cards. It has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Eagle Bank and Trust Company offers an option without a maintenance or monthly fee. Banks that offer no-fee checking and a high savings APY are your best option for returning the highest income on 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

Eagle Bank and Trust Company has a savings rate of 0.13%, which is fair compared to other U.S. banks. Its one-year CD has a rate of 0.42% and the five-year CD has a rate of 1.02%, while its highest-yielding money market account earns at an APY of 0.36%. Given Eagle Bank and Trust Company's noncompetitive savings rate, you should consider taking a look at other banks for savings accounts.

How Eagle Bank and Trust Company's Savings Rates Compare

Eagle Bank and Trust Company Savings 0.13 National Average 0.26 Compare Offers
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Fees

5.0
SmartAsset Average: 4.4

Eagle Bank and Trust Company typically has extremely low fees compared to 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 refund out-of-network ATM fees, which means you will need to find an Eagle Bank and Trust Company ATM or pay the fee.

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 branches 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 services receive relatively high scores from users. With 41 ratings across iOS and Android platforms, the Eagle Bank and Trust Company mobile app has an overall rating of 4.2 out of 5 (compared to the national average of 3.8). Eagle Bank and Trust Company's mobile app allows you to manage your funds by reviewing account balances, transferring funds as well as accessing customer service. Eagle Bank and Trust Company receives a superb consumer satisfaction rating based on comparatively few complaints registered with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

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 ranks as a small bank and owns $371 million in assets and $305 million in deposits. Its Texas Ratio is 10.04%, suggesting a small likelihood of 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 0.13% APY $100
Checking Account 0.11% APY $1000
Certificates of Deposit
  • 12 Month: 0.42% APY
  • 24 Month: 0.62% APY
  • 36 Month: 0.72% APY
  • 48 Month: 0.82% APY
  • 60 Month: 1.02% APY
$500 for all terms
Money Market Account 0.21% APY $10000

Eagle Bank and Trust Company has several deposit products like 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 looking elsewhere 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 as compared against the national average.

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Find a Eagle Bank and Trust Company Near Me

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

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