EagleBank was founded in 1998 and is headquartered in Bethesda, Maryland. EagleBank manages $7 billion in assets as well as $6 billion in deposits, which makes it a large bank. EagleBank lacks premium access to support representatives, with no live chat or all-day service options available. It is a traditional brick-and-mortar bank with in-person service, in addition to its online and mobile offerings. We gave EagleBank a 4.2 stars out of 5, indicating that it is a solid contender in your bank search. EagleBank offers a full suite of product offerings, which include savings accounts, checking accounts, money market accounts, CDs, mortgage products and credit cards. EagleBank has a fair savings rate compared to the average savings account. If you're interested in stress-free personal checking, EagleBank's ordinary checking account does not have a monthly fee. Using an institution with free checking as well as a high savings APY is your best bet for getting the highest income from your deposits alongside easy access to your money.
The overall rating is a weighted average of rates, fees, service quality and financial health.Read more
With a savings rate of 1.05%, EagleBank ranks poorly in comparison to the national average. EagleBank's one-year CD earns at a rate of 2.45% and the five-year CD has a rate of 2.93%, while its highest-yielding money market account earns at a rate of 0.90%. Given EagleBank's below average savings rate, you should consider taking a look at other banks for savings accounts.
How EagleBank's Savings Rates Compare
EagleBank generally has extremely low fees compared to the average U.S. bank. With no monthly fee, EagleBank's checking account is perfect for those who need an easy checking account. EagleBank doesn't refund out-of-network ATM charges, which means you will need to find an EagleBank ATM or eat the fee.
EagleBank is a brick-and-mortar bank, with 22 total branches in District of Columbia and Virginia. With mobile and web apps, EagleBank makes mobile banking convenient, even on the go. You can use EagleBank's app to control your accounts by looking at current statements, sending and receiving funds and reaching support representatives. EagleBank receives a superb consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government-sponsored consumer protection agency.
EagleBank is a large bank with assets totaling $7 billion as well as deposits totaling $6 billion. Its Texas Ratio is 1.14%, denoting that EagleBank is in outstanding financial shape and unlikely to fail. Additionally, EagleBank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.
Texas Ratio Analysis
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.Back to Overview
Compare EagleBank to Other Competitive Offers
|Product||Current Terms and Rates||Minimum Balance for APY|
|Savings Account||1.05% APY||$250|
|Checking Account||0.15% APY||$2500|
|Certificates of Deposit|| ||$1000 for all terms|
|Money Market Accounts||0.85% APY 0.9% APY||$10000 $15000|
EagleBank offers several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. EagleBank 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. EagleBank's CD rates are fair in comparison to the national average.Back to Overview
Find a EagleBank Near Me
EagleBank has 22 physical locations in the U.S.Back to Overview