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The New Washington State Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.80%
Our Rating
4.3  / 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
4.3  / 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.newwashbank.com
812-293-3321
402 E Main Street
New Washington, IN 47162

The New Washington State Bank is headquartered in NEW WASHINGTON and is the 35th largest bank in the state of Indiana. It is also the 1,593rd largest bank in the nation. It was established in 1908 and as of December of 2024, it had grown to 98 employees at 10 locations. The New Washington State Bank's money market rates are 8X the national average, and it has a B+ health rating.

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Health
B+

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #13305
Year Established1908
Employees98
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD10.85%
Annual Interest Income$27.6MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$583.2MM$527.2MM
LoansQ4 2024vs Q4 2023$404.7MM$377.9MM
DepositsQ4 2024vs Q4 2023$531.4MM$470.6MM
Equity CapitalQ4 2024vs Q4 2023$46.2MM$42.7MM
Loan Loss AllowanceQ4 2024vs Q4 2023$4.5MM$4.4MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$3.1MM$2.5MM
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.54%
Our Rating
4.2  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
4.10%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 4/29/2025
3.80%
Our Rating
4.3  / 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
4.3  / 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
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The New Washington State Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%*$100k*-NWSB Max Money Market Account
OTHER TIERS: 0.50% → $1k - $50k | 3.00% → $50k - $100k
Locations


Cities: Borden, Charlestown, Henryville, Jeffersonville, New Albany, New Washington, Scottsburg, Sellersburg

Borden Branches
Borden Branch430 West Water StreetBorden, IN 47106

Charlestown Branches
Charlestown Branch1083 Market StreetCharlestown, IN 47111

Henryville Branches
Henryville Branch203 Main StreetHenryville, IN 47126

Jeffersonville Branches
Jeffersonville Branch1467 Youngstown CenterJeffersonville, IN 47130
River Ridge Branch400 Patrol RoadJeffersonville, IN 47130
The New Washington State Bank Branch228 Spring StreetJeffersonville, IN 47130

New Albany Branches
New Albany123 E. Market StreetNew Albany, IN 47150

New Washington Branches
The New Washington State Bank402 E Main StNew Washington, IN 47162

Scottsburg Branches
Scottsburg Branch1770 West Mcclain AvenueScottsburg, IN 47170

Sellersburg Branches
Sellersburg Branch8509 Old State Road 60Sellersburg, IN 47172

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