Washington Savings Bank

Overview / Commentary
200 South Banker Street
Effingham , IL 62401

Washington Savings Bank is headquartered in EFFINGHAM and is the 82nd largest bank in the state of Illinois. It is also the 1,518th largest bank in the nation. It was established in 1883 and as of September of 2023, it had grown to 75 employees at 5 locations. Washington Savings Bank's CD rates are 67% higher than the national average, and it has an A health rating.


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Health Grade Components

FDIC Certificate #29227
Year Established1883
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.79%
Annual Interest Income$14.9MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$594.3MM$579.1MM
LoansQ3 2023vs Q3 2022$338MM$326.8MM
DepositsQ3 2023vs Q3 2022$522.6MM$503.1MM
Equity CapitalQ3 2023vs Q3 2022$52.3MM$55MM
Loan Loss AllowanceQ3 2023vs Q3 2022$3.5MM$2.5MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$1.3MM$1.8MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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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

3.00%$1-Christmas Club
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
0.25%*$50k*-Tiered Statement Savings
OTHER TIERS: 0.10% Up to $25k | 0.20% $25k - $50k
0.25%*$10k*-Health Savings Accounts
OTHER TIERS: 0.15% Up to $5k | 0.20% $5k - $10k
0.20%$10-Kid's Club

Washington Savings Bank Checking Account Rates

1.75%*-$10kElite Plus Checking
OTHER TIERS: 0.25% $10k+
1.75%*-$10kElite Plus/Saver Checking
OTHER TIERS: 0.25% $10k+
1.00%*-$15kElite Value Checking
OTHER TIERS: 0.25% $15k+
0.40%*$250k*-Tiered Interest 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

5.28%$2.5k-182 Day CD
4.58%$2.5k-20 Month CD
4.05%$1k-60 Month CD
3.29%$2.5k-36 Month CD
3.25%$1k-18 Month CD
2.75%$1k-84 Month CD
2.52%$2.5k-10 Month CD
2.40%$1k-30 Month CD
2.25%$2.5k-91 Day CD
2.25%$1k-48 Month CD
2.00%$2.5k-15 Month CD
2.00%$1k-24 Month CD
1.50%$1k-12 Month CD

Washington Savings Bank IRA Rates

4.05%$1k-60 Month IRA
3.29%$2.5k-36 Month Bump Roth IRA
3.29%$2.5k-36 Month Bump IRA
3.25%$100-18 Month Variable Roth IRA
3.25%$100-18 Month Variable IRA
3.25%$1k-18 Month IRA
2.75%$1k-84 Month IRA
2.75%$1k-84 Month Roth IRA
2.40%$1k-30 Month IRA
2.00%$2.5k-15 Month Roth IRA
2.00%$1k-24 Month Roth IRA
2.00%$2.5k-15 Month IRA
2.00%$1k-24 Month IRA
1.50%$1k-12 Month Roth IRA
1.50%$1k-12 Month IRA

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

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