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Washington Savings Bank


Overview / Commentary
www.washingtonsavings.net
217-347-7173
200 South Banker Street
Effingham , IL 62401-0707

Washington Savings Bank is headquartered in Effingham and is the 104th largest bank in the state of Illinois. It is also the 1,817th largest bank in the nation. It was established in 1883 and as of September of 2020, it had grown to 62 employees at 3 locations. Washington Savings Bank has an A+ health rating.

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Health
A+

Data as of Q3 2020

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Health Grade Components

Overall
FDIC Certificate #29227
Year Established1883
Employees62
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD4.73%
Annual Interest Income$10.4MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$433.1MM$399.0MM
LoansQ3 2020vs Q3 2019$285.5MM$243.5MM
DepositsQ3 2020vs Q3 2019$349.6MM$322.9MM
Equity CapitalQ3 2020vs Q3 2019$70.4MM$65.5MM
Loan Loss AllowanceQ3 2020vs Q3 2019$2.3MM$1.8MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$2.0MM$1.0MM
Real Estate OwnedQ3 2020vs Q3 2019$60.00K$62.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Washington Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*-$10kElite Saver
OTHER TIERS: 0.25% → $10k+
0.40%*$250k*-Commercial Statement Savings
OTHER TIERS: 0.15% → Up to $10k | 0.20% → $10k - $50k | 0.30% → $50k - $100k | 0.35% → $100k - $250k
0.35%*$10k*-Health Savings Accounts
OTHER TIERS: 0.25% → Up to $5k | 0.30% → $5k - $10k
0.30%$1-Christmas Club
0.25%*$50k*-Tiered Statement Savings
OTHER TIERS: 0.10% → Up to $25k | 0.20% → $25k - $50k
0.20%$10-Kid's Club

Washington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%*-$10kElite Plus Checking
OTHER TIERS: 0.25% → $10k+
2.00%*-$10kElite Plus/Saver Checking
OTHER TIERS: 0.25% → $10k+
0.50%*-$15kElite Value Checking
OTHER TIERS: 0.25% → $15k+
0.40%*$250k*-Super NOW Checking
OTHER TIERS: 0.10% → Up to $10k | 0.20% → $10k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k

Washington Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-60 Month CD
0.90%$1k-84 Month CD
0.80%$1k-48 Month CD
0.75%$2.5k-36 Month CD
0.55%$1k-30 Month CD
0.50%$1k-24 Month CD
0.40%$1k-18 Month CD
0.40%$2.5k-20 Month CD
0.35%$1k-12 Month CD
0.35%$2.5k-15 Month CD
0.25%$2.5k-10 Month CD
0.15%$2.5k-182 Day CD
0.10%$2.5k-91 Day CD

Washington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%$1k-60 Month IRA
0.90%$1k-84 Month IRA
0.90%$1k-84 Month Roth IRA
0.75%$100-18 Month Variable Roth IRA
0.75%$2.5k-36 Month Bump Roth IRA
0.75%$100-18 Month Variable IRA
0.75%$2.5k-36 Month Bump IRA
0.55%$1k-30 Month IRA
0.50%$1k-24 Month Roth IRA
0.50%$1k-24 Month IRA
0.40%$1k-18 Month IRA
0.35%$1k-12 Month Roth IRA
0.35%$2.5k-15 Month Roth IRA
0.35%$1k-12 Month IRA
0.35%$2.5k-15 Month IRA
Locations


Washington Savings Bank Locations
Keller Drive Branch1300 North Keller DriveEffingham, IL 62401
Washington Savings Bank200 South Banker StreetEffingham, IL 62401
Mattoon Branch1111 Charleston AvenueMattoon, IL 61938

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