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iAdvertiser Disclosure
Advertiser Disclosure
Some institutions listed may have a business relationship with MonitorBankRates. Our proprietary systems independently track and verify all rates. Advertiser relationships do not influence our Safety Ratings, Star Ratings, Texas Ratio calculations, or the rates shown.
 First American Bank Rates & Review November 2026
Content reviewed by
Brian McKay
Brian McKayFounder & Data ArchitectExpertise
Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Read Full Bio →
Editorial Disclosure
The rates displayed are actual, verified rates sourced directly from the official websites of banks and credit unions. Our editorial content is independent of any advertiser relationships.
✓Fact Checked
Rates Last Updated and Verified: November 5, 2026
First American Bank's CD - 12-Month rates are at 1.00%, CD - 3-Month rates are at 1.00%, CD - 6-Month rates are at 1.00%. First American Bank's savings rates are at 0.20%. First American Bank's money market rates are at 1.00%. First American Bank's checking rates are as high as 1.00%. First American Bank's Federal VA 30 Year Fixed Rate rates are at 6.625%, Jumbo 30 Year Fixed rates are at 7.25%, FHA 30 Year Fixed rates are at 6.625%. First American Bank's top CD rate of 1.00% APY on a 12 month CD is 67% lower than the MonitorBankRates national average of 3.03% APY for that term, and it has an A+ health rating. MonitorBankRates evaluates the financial stability of First American Bank with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.93%. Rates last updated and verified on 11/05/2026. First American Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at First American Bank? Share your experience about First American Bank by leaving a review below, or read customer reviews before you decide to use First American Bank. Financial health data as of Q2 2026 (FDIC call report for the quarter ended June 30, 2026). This is the most recent call report available. The FDIC publishes bank call reports about eight weeks after each quarter ends. First American Bank CD Rates
First American Bank Savings Rates
First American Bank Money Market Rates
First American Bank Checking Rates
First American Bank Mortgage Rates
First American Bank Home Equity & HELOC
Financial Health HistoryFirst American Bank’s Texas Ratio rose from 1.60% in Q3 2023 to 2.93% in Q2 2026, so its financial health has stayed very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0. Lower Texas Ratios are healthier — this bank’s entire history sits far below the 15% threshold for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures. Swipe the chart sideways to see every quarter.
Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade
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How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops. Show the quarterly figures
Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.
Methodology & Data SourcesMonitorBankRates Star Rating: Our rating for First American Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions. Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health. Rate Data Aggregation: We gather First American Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.
Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions.
It is always advisable to check with First American Bank's official website for the most current offers and terms.
Bank Profile & Overview
Bank Name
First American Bank
Website
https://www.firstambank.com
Address
700 Busse Rd,
Elk Grove Village, IL 60007 · Cook
Bank Holding Company
FIRST AMERICAN BANK CORP
FDIC Certificate #
3657
Regulator
FDIC
Established
March 26, 1901
FDIC Insurance Date
January 1, 1934
Domestic Offices
58
Total Branches
58
FDIC Insured
✓ Yes, up to $250,000 per depositor
FinancialsMonitorBankRates Star Rating
5.0 / 5.0 ★
Overall Health & Safety Grade
A+ (99/100)
Texas Ratio
2.93%
National Average Texas Ratio
5.85%
Return on Assets (ROA)
1.5182%
Return on Equity (ROE)
18.3000%
Non-Performing Loans Ratio (NPL)
0.24%
Total Assets
$8,626,339,000
Total Deposits
$5,551,784,000
Equity Capital
$694,488,000
Net Income
$63,163,000
Headquarters
Elk Grove Village
Total Branches and Offices
58
Source: FDIC — Last Updated June 30, 2026
Customer Reviews
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Add Your Rating and Review for First American Bank
Frequently Asked Questions About First American BankDoes First American Bank offer CDs?Yes. First American Bank current CD rates include its CD - 12-Month at 1.00% APY, its CD - 3-Month at 1.00% APY and its CD - 6-Month at 1.00% APY, verified by MonitorBankRates as of November 5, 2026. Are CDs from First American Bank FDIC insured?Yes. First American Bank is insured by the Federal Deposit Insurance Corporation (FDIC), so CDs opened there are insured up to $250,000 per depositor, per ownership category. What is the highest CD rate at First American Bank?The highest First American Bank CD rate is its Certificates of Deposit - 12-Month at 1.00% APY, verified by MonitorBankRates as of November 5, 2026. What CD terms does First American Bank offer?First American Bank CD rates are 1.00% APY for a 3 month CD, 1.00% APY for a 6 month CD and 1.00% APY for a 12 month CD, verified by MonitorBankRates as of November 5, 2026. The institution may offer other terms or specials that are not listed here, so check with First American Bank for its full lineup. What is the highest savings rate at First American Bank?The highest First American Bank savings rate is its Easy Savings at 0.20% APY, verified by MonitorBankRates as of November 5, 2026. What is the highest money market rate at First American Bank?The highest First American Bank money market rate is its Optimal Money Market at 1.00% APY, verified by MonitorBankRates as of November 5, 2026. What is the highest checking rate at First American Bank?The highest First American Bank checking rate is its Everyday Rewards Checking at 1.00% APY, verified by MonitorBankRates as of November 5, 2026. What is the lowest 30 year fixed mortgage rate at First American Bank?The lowest First American Bank 30 year fixed mortgage rate is its Federal VA 30 Year Fixed Rate at 6.625%, verified by MonitorBankRates as of November 5, 2026. How many branches does First American Bank operate?First American Bank currently maintains approximately 58 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes. Is there a first-time homebuyer program?Currently, First American Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing. Are credit management and repair services offered?While formal credit repair services are not currently listed, First American Bank provides members with tools to manage their accounts and build a solid financial history. Does First American Bank offer online and mobile banking?Most modern institutions like First American Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.firstambank.com. Are all CD rates listed on MonitorBankRates federally insured?Most are. Banks are insured by the FDIC and most credit unions by the NCUA, up to $250,000 per depositor, per ownership category. A small number of credit unions are privately insured instead, and we label them on their pages. MonitorBankRates is not a bank or credit union; deposit insurance comes from the institution where you open the account. I want to open a CD with an institution listed on MonitorBankRates. How do I open the account?You open the account directly with the bank or credit union. Use the View button next to a rate to go to the institution's website, then apply online, by phone or at a branch. Confirm the current rate and terms with the institution before you deposit. If I open a CD I found on MonitorBankRates, is my account with MonitorBankRates or the institution?Your account is with the financial institution. MonitorBankRates is a rate comparison site; we do not open accounts, hold deposits or handle your money. Why are some CD offers not available for me to open?Some offers are limited to certain states or local areas, require membership or an existing account, need a minimum deposit, or were promotions that have since ended. Rates can also change after we verify them. The institution's website has the current eligibility rules. How do First American Bank rates compare?First American Bank's top CD rate of 1.00% APY on a 12 month CD is 67% lower than the MonitorBankRates national average of 3.03% APY for that term, and it has an A+ health rating. First American Bank's top rates are its 12-Months Certificates of Deposit - 12-Month at 1.00% APY, its Easy Savings at 0.20% APY, its Optimal Money Market at 1.00% APY, its Everyday Rewards Checking at 1.00% APY and its Federal VA 30 Year Fixed Rate at 6.625%, verified by MonitorBankRates on November 5, 2026. Current First American Bank Rates
Retrieved from our database of financial products. Rates subject to change.
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