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Eureka Savings Bank Review

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Eureka Savings Bank Savings
0.15% APY
1. Overview 2. How We Rated It 3. Products Offered 4. Branch Locations


Eureka Savings Bank was founded in 1885 with headquarters in La Salle, Illinois. Eureka Savings Bank manages $341 million in assets along with $263 million in deposits, ranking it as a small bank. Eureka Savings Bank lacks premium access to customer service, with no options for live chat or all-day service. It is a conventional brick-and-mortar bank with in-person service, in addition to its online and mobile apps. Coming in at a commendable 4.3 out of 5 stars, Eureka Savings Bank is a great choice and should warrant serious consideration. Eureka Savings Bank provides customers with a full array of product offerings, including savings accounts, checking accounts, money market accounts, CDs, IRAs and mortgage products. Eureka Savings Bank has a fair savings rate compared to the average savings account. If you're looking for a checking account for everyday use, Eureka Savings Bank's standard checking account does not have a monthly fee. Finding an institution with free checking, in addition to a high interest rate savings account is your best bet for gaining the most income on your deposits while maintaining easy access to your money.

How We Rated It

SmartAsset's Overall Rating

National Average: 4.1

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


SmartAsset Average: 3.5

With a savings rate of 0.15%, Eureka Savings Bank ranks poorly compared to other U.S. banks. Eureka Savings Bank's CD rates are 0.55% and 2.17% for the one-year and five-year term lengths, respectively, while its highest-yielding money market account earns at an APY of 0.25%. Given its noncompetitive savings rate, you should consider choosing another bank to earn more on your deposits.

How Eureka Savings Bank's Savings Rates Compare

Eureka Savings Bank Savings 0.15 National Average 0.26 Compare Offers
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SmartAsset Average: 4.4

On average, Eureka Savings Bank charges its customers extremely low fees in comparison to other U.S. banks. With no monthly fee, Eureka Savings Bank's checking account is ideal for people who want a hassle-free banking experience. Eureka Savings Bank doesn't refund out-of-network ATM fees, which means you'll have to search for a Eureka Savings Bank ATM or eat the ATM charge.

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

SmartAsset Average: 3.7

Eureka Savings Bank is a brick-and-mortar bank, with four total bank locations in Illinois. It also offers access to mobile and web apps for straightforward access and banking on the go. Eureka Savings Bank gets high praise from customers for its mobile platform. With 77 ratings on both iOS and Android platforms, the Eureka Savings Bank mobile app has an overall rating of 4.7 out of 5 (compared to the national average of 3.8). You can access Eureka Savings Bank's mobile app to manage your funds by looking at monthly statements, sending and receiving money and accessing support representatives. Eureka Savings Bank receives a superb consumer satisfaction score due to relatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

Overall Mobile Rating 4.7/5
Consumer Satisfaction Rating 5.0/5
Online Banking Portal No
Live Chat No
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Financial Health

SmartAsset Average: 4.8

Eureka Savings Bank is a small bank and owns assets totaling $341 million as well as $263 million in deposits. Eureka Savings Bank has a strong Texas Ratio of 8.87%, suggesting that Eureka Savings Bank is in fine financial shape and unlikely to fail. Additionally, Eureka Savings Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

Texas Ratio Analysis

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 Eureka Savings Bank to Other Competitive Offers

Products Offered

Product Current Terms and Rates Minimum Balance for APY
Savings Account 0.15% APY $50
Checking Account 0.1% APY $100
Certificates of Deposit
  • 12 Month: 0.55% APY
  • 24 Month: 0.95% APY
  • 36 Month: 1.41% APY
  • 60 Month: 2.17% APY
$1000 for all terms
Money Market Account 0.2% APY $2500

Eureka Savings Bank has several deposit products including savings accounts, checking accounts, money market accounts and CDs to give you many options to manage your money. Eureka Savings Bank does not have the best savings rate, which means you should think about taking a look 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. Eureka Savings Bank's CD rates are fair compared to the national average.

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Find a Eureka Savings Bank Near Me

Eureka Savings Bank has four physical branches across the U.S.

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