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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 102nd largest bank in the state of Illinois. It is also the 1,815th largest bank in the nation. It was established in 1883 and as of December of 2019, it had grown to 59 employees at 3 locations. Washington Savings Bank's CD rates are 11% higher than the national average, and it boasts an A+ health rating.

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Health
A+

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #29227
Year Established1883
Employees59
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.52%
Return on Equity - YTD3.03%
Annual Interest Income$13.4MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$384.3MM$365.5MM
LoansQ4 2019vs Q4 2018$245.4MM$251.1MM
DepositsQ4 2019vs Q4 2018$308.0MM$292.8MM
Equity CapitalQ4 2019vs Q4 2018$66.0MM$62.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$1.8MM$1.9MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$1.3MM$1.4MM
Real Estate OwnedQ4 2019vs Q4 2018$62.00K$64.00K
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
1.10%$1-Christmas Club
0.75%*-$10kElite Saver
OTHER TIERS: 0.25% → $10k+
0.45%*$100k*-Tiered Statement Savings
OTHER TIERS: 0.20% → Up to $10k | 0.25% → $10k - $25k | 0.30% → $25k - $50k | 0.35% → $50k - $100k
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
0.20%$10-Kid's Club

Washington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.25%*-$10kElite Plus Checking
OTHER TIERS: 0.25% → $10k+
2.25%*-$10kElite Plus/Saver Checking
OTHER TIERS: 0.25% → $10k+
1.50%*-$15kElite Value Checking
OTHER TIERS: 0.25% → $15k+
0.60%*$250k*-Super NOW Checking
OTHER TIERS: 0.35% → Up to $10k | 0.40% → $10k - $50k | 0.45% → $50k - $100k | 0.55% → $100k - $250k

Washington Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.50%$1k-48 Month CD
1.50%$1k-60 Month CD
1.50%$1k-84 Month CD
1.25%$2.5k-36 Month CD
1.20%$1k-30 Month CD
1.15%$1k-18 Month CD
1.15%$2.5k-20 Month CD
1.15%$1k-24 Month CD
1.00%$1k-12 Month CD
1.00%$2.5k-15 Month CD
0.70%$2.5k-10 Month CD
0.50%$2.5k-91 Day CD
0.50%$2.5k-182 Day CD

Washington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.70%$100-18 Month Variable Roth IRA
1.70%$100-18 Month Variable IRA
1.50%$1k-60 Month IRA
1.50%$1k-84 Month IRA
1.50%$1k-84 Month Roth IRA
1.25%$2.5k-36 Month Bump Roth IRA
1.25%$2.5k-36 Month Bump IRA
1.20%$1k-30 Month IRA
1.15%$1k-24 Month Roth IRA
1.15%$1k-18 Month IRA
1.15%$1k-24 Month IRA
1.00%$1k-12 Month Roth IRA
1.00%$2.5k-15 Month Roth IRA
1.00%$1k-12 Month IRA
1.00%$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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