Savings & Retirement Calculators
Create a plan

These calculators show you the impact of a disciplined savings approach as you work toward your goals. 

Explore Solutions

Stronger savings rates are our forte

When you want a bank whose deposit account rates are structured to maximize your savings, turn to First American Bank. Our various accounts are designed for you to reach your short- or long-term goals. We assist customers throughout Illinois, Wisconsin, Florida and beyond by delivering on our promise to improve everyone's financial well-being.

Checking Accounts

Rates Effective: 7.16.24
Product Balance Interest Rate Annual Percentage Yield (APY)
Advantage Checking
Disclosure
≥ $0.01 0.00% 0.00%
≥ $1,000 0.15% 0.15%
≥ $5,000 0.20% 0.20%
≥ $25,000 0.30% 0.30%
≥ $50,000 0.35% 0.35%
≥ $250,000 0.45% 0.45%
Everyday Rewards Checking
Disclosure
< $15,000 1.00% 1.00%
≥ $15,000 Between 1.00% and 0.20% APY (Example: 0.80% APY will be paid on $20,000)
Optimal Checking
Disclosure
≥ $0.01 0.00% 0.00%
≥ $1,000 0.05% 0.05%
≥ $5,000 0.15% 0.15%
≥ $25,000 0.25% 0.25%
≥ $50,000 0.35% 0.35%
≥ $250,000 0.40% 0.40%
Savings Accounts

Rates Effective: 7.16.24
Product Interest Rate Annual Percentage Yield (APY) Terms & Conditions
Easy Savings
0.50% 0.50% Disclosure
Minor Savings
0.50% 0.50% Disclosure
Student Savings
0.50% 0.50% Disclosure
Money Market Account

Rates Effective: 7.16.24​
Product Balance Interest Rate Annual Percentage Yield (APY)
Optimal Money Market
Disclosure
≥ $0.01 0.00% 0.00%
≥ $1,000 0.75% 0.75%
≥ $5,000 1.19% 1.20%
≥ $25,000 1.88% 1.90%
≥ $50,000 2.62% 2.65%
≥ $250,000 3.10% 3.15%
Certificates of Deposit

Rates Effective: 7.16.24
CD Term Interest Rate Annual Percentage Yield (APY) Terms & Conditions
3 Months
3.445% 3.50% Disclosure
6 Months
3.542% 3.60% Disclosure
12 Months
3.735% 3.80% Disclosure
You can order checks within Online Banking. Log in to Online Banking, select the account you'd like to order checks for and click on 'Reorder Checks'. Or you can visit any of our branch locations to order checks.
The routing number for First American Bank is 071922777.

The routing number for Health and Benefits Accounts (HSA, FSA, HRA, QTA) is 067015928.
Visit our branch locations page to find location near you and to see the hours of operation.
If you inadvertently overdraw your checking account, First American Bank offers several easy-to-access, low-cost ways to protect your checking account against overdrafts. Visit Overdraft Protection page for more information.
You can place a stop payment on a check or series of checks from within Online Banking. Log in to Online Banking, select the account and click 'Stop Payments'. Choose the account that the check was written on and provide the check number(s) and check amount(s).  

View all FAQs