Eagle Bancorp, Inc.'s 1st Quarter 2024 Earnings Conference Call was held on April 25, 2024. Click here to listen to the recorded webcast.
Rates for Business Accounts
Take advantage of a wide range of competitive rates designed to meet your business banking requirements at EagleBank. From checking and savings accounts to money markets, we offer solutions to help your business thrive financially.
Business Checking and Savings Accounts
Effective as of 4/25/2024
| Product | Minimum Balance To Open | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| Commercial NOW Checking * | $100.00 | 1.24% | 1.25% | Visit or Call |
| IOLTA Maryland Checking * | ||||
| $0.00 - $249,999.99 | $100.00 | 3.82% | 3.90% | Visit or Call |
| $250,000.00 and up | $100.00 | 3.82% | 3.90% | Visit or Call |
| IOLTA DC Checking * | $100.00 | 3.82% | 3.90% | Visit or Call |
| IOLTA Virginia Checking * | $100.00 | 3.82% | 3.90% | Visit or Call |
| MAHT Checking * | $100.00 | 3.82% | 3.90% | Visit or Call |
| Escrow Manager – Interest * | ||||
| $0.00 - $2,499.99 | $0.00 | 1.88% | 1.90% | Visit or Call |
| $2,500.00 - $49,999.99 | $0.00 | 2.37% | 2.40% | Visit or Call |
| $50,000.00 and up | $0.00 | 2.84% | 2.88% | Visit or Call |
| Business Savings * | $100.00 | 3.19% | 3.25% | Visit or Call |
| Business Money Market * | ||||
| $0.00 - $24,999.99 | $100.00 | 2.76% | 2.80% | Visit or Call |
| $25,000.00 - $49,999.99 | $100.00 | 3.10% | 3.15% | Visit or Call |
| $50,000.00 - $99,999.99 | $100.00 | 3.34% | 3.40% | Visit or Call |
| $100,000.00 - $249,999.99 | $100.00 | 3.53% | 3.60% | Visit or Call |
| $250,000.00 - $999,999.99 | $100.00 | 3.77% | 3.85% | Visit or Call |
| $1,000,000.00 - $4,999,999.99 | $100.00 | 4.11% | 4.20% | Visit or Call |
| $5,000,000.00 - $9,999,999.99 | $100.00 | 4.21% | 4.30% | Visit or Call |
| $10,000,000.00 and up | $100.00 | 4.30% | 4.40% | Visit or Call |
| Business Premium Money Market * | ||||
| $0.00 - $9,999.99 | $100.00 | 2.85% | 2.90% | Visit or Call |
| $10,000 - $49,999.99 | $100.00 | 3.05% | 3.10% | Visit or Call |
| $50,000.00 - $149,999.99 | $100.00 | 3.24% | 3.30% | Visit or Call |
| $150,000.00 - $249,999.99 | $100.00 | 3.63% | 3.70% | Visit or Call |
| $250,000.00 - $499,999.99 | $100.00 | 3.73% | 3.80% | Visit or Call |
| $500,000.00 - $749,999.99 | $100.00 | 3.92% | 4.00% | Visit or Call |
| $750,000.00 - $1,499,999.99 | $100.00 | 4.01% | 4.10% | Visit or Call |
| $1,500,000.00 - $4,999,999.99 | $100.00 | 4.25% | 4.35% | Visit or Call |
| $5,000,000.00 and up | $100.00 | 4.30% | 4.40% | Visit or Call |
* Rates may change after account opening. Fees could reduce earnings. For Tier Rate accounts, the ledger balance must be within a specific tier to receive the interest rate and annual percentage yield for that tier.
Certificates of Deposit for BUSINESS
Effective as of 4/25/2024
| Certificate of Deposits** | Minimum Balance To Open | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| 1-2 Months | $1,000.00 | 4.45% | 4.55% | Visit or Call |
| 3-5 Months | $1,000.00 | 4.45% | 4.55% | Visit or Call |
| 6-8 Months | $1,000.00 | 5.26% | 5.40% | Visit or Call |
| 9-11 Months | $1,000.00 | 4.64% | 4.75% | Visit or Call |
| 12-17 Months | $1,000.00 | 5.16% | 5.30% | Visit or Call |
| 18-23 Months | $1,000.00 | 4.95% | 5.08% | Visit or Call |
| 24-29 Months | $1,000.00 | 4.06% | 4.15% | Visit or Call |
| 30-35 Months | $1,000.00 | 3.97% | 4.05% | Visit or Call |
| 36-47 Months | $1,000.00 | 3.92% | 4.00% | Visit or Call |
| 48-59 Months | $1,000.00 | 3.82% | 3.90% | Visit or Call |
| 60 Months | $1,000.00 | 3.77% | 3.85% | Visit or Call |
| 18 Month One-Up 1 | $1,000.00 | 4.06% | 4.15% | Visit or Call |
| 30 Month One-Up 1 | $1,000.00 | 3.87% | 3.95% | Visit or Call |
**Interest is compounded Daily. A penalty may be imposed for early withdrawal. The annual percentage yields listed above assume interest is credited monthly and remains on deposit until maturity. A withdrawal of interest will reduce earnings. The interest rate and corresponding annual percentage yield will be paid for the full term of the account for fixed rate Certificates of Deposit. Rates are subject to change without notice.
1 If our rate goes up on the "One-Up" CD, you may request that we raise your rate to that same new rate, one time, during the initial term of the CD. You will earn the higher rate for the rest of the term.
CDARS® (CERTIFICATE OF DEPOSIT ACCOUNT REGISTRY SERVICE®)
Effective as of 4/25/2024
Accounts are opened effective Thursday with collected funds as of Tuesday end of business.
| Product | Minimum Balance To Open | Interest Rate | Annual Percentage Yield (APY) | |
|---|---|---|---|---|
| Certificate Of Deposits*** | ||||
| 30 days/4 weeks | $10,000.00 | 4.30% | 4.40% | Visit or Call |
| 90 days/13 weeks | $10,000.00 | 4.30% | 4.40% | Visit or Call |
| 6 months/26 weeks | $10,000.00 | 4.21% | 4.30% | Visit or Call |
| 12 months/52 weeks | $10,000.00 | 4.16% | 4.25% | Visit or Call |
| 24 months/2 years | $10,000.00 | 3.92% | 4.00% | Visit or Call |
| 36 months/3 years | $10,000.00 | 3.77% | 3.85% | Visit or Call |
***Interest is compounded Daily. A penalty may be imposed for early withdrawal. The annual percentage yields listed above assume interest is credited monthly and remains on deposit until maturity. A withdrawal of interest will reduce earnings. The interest rate and corresponding annual percentage yield will be paid for the full term of the account for fixed rate Certificates of Deposit. Rates are subject to change without notice.
Deposit placement through CDARS is subject to the terms, conditions, and disclosures in applicable agreements. Although deposits are placed in increments that do not exceed the FDIC standard maximum deposit insurance amount (“SMDIA”) at any one destination bank, a depositor’s balances at the institution that places deposits may exceed the SMDIA (e.g., before settlement for deposits or after settlement for withdrawals) or be uninsured (if the placing institution is not an insured bank). The depositor must make any necessary arrangements to protect such balances consistent with applicable law and must determine whether placement through CDARS satisfies any restrictions on its deposits. ICS is a service mark of IntraFi NetworkSM.