Washington Federal Bank for Savings

Washington Federal Bank for Savings Locations
2869 South Archer Avenue
Chicago, IL 60608
773-254-3422
www.wafedbank.com



Washington Federal Bank for Savings is headquartered in Chicago and is the 330th largest bank in the state of Illinois. It is also the 4,790th largest bank in the nation. It was established in 1913 and as of September of 2011, it had grown to 17 employees at 2 locations. Washington Federal Bank for Savings' money market rates are 2X the national average, and it boasts a 5-star health rating.

Washington Federal Bank for Savings Routing Number: 271071415

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1.96% 6-Month CD at Washington Federal Bank for Savings in Chicago - Local Only - 8/26/2009

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2.65% 13-Month CD at Washington Federal Bank for Savings in Chicago - Local Only - 5/28/2009

Washington Federal Bank for Savings is offering a special 2.65% APY 13-month CD. This requires that you also open their savings account with a $250 minimum deposit. The current savings account rate is 1% APY. Without the savings account, the CD rate...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Washington Federal Bank for Savings Checking Account Rates

ApyMinMaxProduct
0.35%$500-NOW Checking
0.35%--Lifestyle Checking

Washington Federal Bank for Savings Savings Account Rates

ApyMinMaxProduct
1.01%$50-Statement Savings
1.01%$50-Passbook Savings
1.00%--Holiday Club
1.00%$200-IRA Savings
1.00%$200-Roth IRA Savings
1.00%$200-CESA Savings

Washington Federal Bank for Savings Money Market Rates

ApyMinMaxProduct
1.01%$1k-Money Market

Washington Federal Bank for Savings CD Rates

ApyMinMaxProduct
1.50%$1k-60 Month CD
1.40%$1k-48 Month CD
0.75%$1k-36 Month CD
0.60%$1k-30 Month CD
0.50%$1k-24 Month CD
0.40%$1k-18 Month CD
0.35%$1k-12 Month CD
0.20%$1k-6 Month CD
0.10%$1k-91 Day CD

Washington Federal Bank for Savings IRA Rates

ApyMinMaxProduct
1.50%$200-60 Month IRA
1.50%$200-60 Month Roth IRA
1.50%$200-60 Month CESA
1.40%$200-48 Month CESA
1.40%$200-48 Month IRA
1.40%$200-48 Month Roth IRA
0.75%$200-36 Month IRA
0.75%$200-36 Month Roth IRA
0.75%$200-36 Month CESA
0.60%$200-30 Month IRA
0.60%$200-30 Month Roth IRA
0.60%$200-30 Month CESA
0.50%$200-24 Month IRA
0.50%$200-24 Month Roth IRA
0.50%$200-24 Month CESA
0.40%$200-18 Month CESA
0.40%$200-18 Month IRA
0.40%$200-18 Month Roth IRA
0.35%$200-12 Month IRA
0.35%$200-12 Month Roth IRA
0.35%$200-12 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


Washington Federal Bank For Savings
OTS #12269
FDIC Certificate #30570
BankRate ReportView
Year Established1913
Employees17
Primary RegulatorOCC

Assets and Liabilities

Assets$106.10 million
Loans$90.88 million
Deposits$94.21 million
Equity Capital$10.19 million
Loan Loss Allowance$519,000

Historic Data - September 2010

Assets$95.31 million
Equity Capital$8.73 million
Loan Loss Allowance$509,000

Profit Margin - Quarterly

Net Interest Margin5.24%
Return on Assets1.53%
Return on Equity16.2%
Interest Income$4.77 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Washington Federal Bank for Savings had $0 in non-current loans and owned real-estate with $10.7 million in equity and loan loss allowances on hand to cover it. This gives Washington Federal Bank for Savings a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth5
In the past year, Washington Federal Bank for Savings has increased its total deposits by $9.4 million, resulting in 11.08% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Washington Federal Bank for Savings has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Washington Federal Bank for Savings has $106.1 million in assets with $10.7 million in equity, resulting in a capitalization level of 10.09%, which is above average.
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