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Washington Savings Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.washingtonsavings.net
800-836-7173
200 South Banker Street
Effingham , IL 62401

Washington Savings Bank is headquartered in EFFINGHAM and is the 93rd largest bank in the state of Illinois. It is also the 1,617th largest bank in the nation. It was established in 1883 and as of March of 2025, it had grown to 73 employees at 5 locations. Washington Savings Bank has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29227
Year Established1883
Employees73
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.75%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$580.6MM$598MM
LoansQ1 2025vs Q1 2024$329MM$340.1MM
DepositsQ1 2025vs Q1 2024$501.4MM$512.8MM
Equity CapitalQ1 2025vs Q1 2024$60.5MM$56.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.5MM$3.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.6MM$1.7MM
Real Estate OwnedQ1 2025vs Q1 2024$25K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 6/30/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates

Rates for Washington Savings Bank are currently being reviewed.

Locations


Washington Savings Bank Locations
Keller Drive Branch1300 North Keller DriveEffingham, IL 62401
Washington Savings Bank200 S Banker StEffingham, IL 62401
Mattoon Branch1111 Charleston AvenueMattoon, IL 61938
Lerna Banking Center506 Main StreetLerna, IL 62440
Broadway Banking Center1117 Broadway Avenue EastMattoon, IL 61938

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