Washington Savings Bank

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Elite Plus Checking

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 88^th largest bank in the state of Illinois. It is also the 1,563^rd largest bank in the nation. It was established in 1883 and as of September of 2021, it had grown to 75 employees at 5 locations. Washington Savings Bank has an A+ health rating.

Related Posts

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2010

5/3 - The New Type of Reward Checking/Savings Accounts?
5/3 - Free Netbook Checking Account Promo at Washington Savings Bank - MA & NH Residents Only

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Health

A+

Data as of Q3 2021

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Health Grade Components

Overall
FDIC Certificate #	29227
Year Established	1883
Employees	75
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.65%
Return on Equity - YTD	4.52%
Annual Interest Income	$10.9MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$571.9MM$433.1MM
Loans	Q3 2021vs Q3 2020	$309.4MM$285.5MM
Deposits	Q3 2021vs Q3 2020	$481.8MM$349.6MM
Equity Capital	Q3 2021vs Q3 2020	$72.2MM$70.4MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$2.5MM$2.3MM
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$2.2MM$2.0MM
Real Estate Owned	Q3 2021vs Q3 2020	$58.00K$60.00K

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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.50%^*	-	$10k	Elite 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
0.30%	$1	-	Christmas Club
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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
1.75%^*	-	$10k	Elite Plus Checking
OTHER TIERS: 0.25% → $10k+
1.75%^*	-	$10k	Elite Plus/Saver Checking
OTHER TIERS: 0.25% → $10k+
1.00%^*	-	$15k	Elite 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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.80%	$1k	-	60 Month CD
0.80%	$1k	-	84 Month CD
0.70%	$1k	-	48 Month CD
0.65%	$2.5k	-	36 Month CD
0.50%	$1k	-	30 Month CD
0.40%	$2.5k	-	20 Month CD
0.40%	$1k	-	24 Month CD
0.35%	$1k	-	18 Month CD
0.30%	$2.5k	-	15 Month CD
0.25%	$2.5k	-	10 Month CD
0.25%	$1k	-	12 Month CD
0.15%	$2.5k	-	182 Day CD
0.10%	$2.5k	-	91 Day CD

Washington Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.80%	$1k	-	60 Month IRA
0.80%	$1k	-	84 Month IRA
0.80%	$1k	-	84 Month Roth IRA
0.65%	$2.5k	-	36 Month Bump Roth IRA
0.65%	$2.5k	-	36 Month Bump IRA
0.50%	$1k	-	30 Month IRA
0.45%	$100	-	18 Month Variable Roth IRA
0.45%	$100	-	18 Month Variable IRA
0.40%	$1k	-	24 Month Roth IRA
0.40%	$1k	-	24 Month IRA
0.35%	$1k	-	18 Month IRA
0.30%	$2.5k	-	15 Month Roth IRA
0.30%	$2.5k	-	15 Month IRA
0.25%	$1k	-	12 Month Roth IRA
0.25%	$1k	-	12 Month IRA

Locations

Washington Savings Bank Locations
Keller Drive Branch	1300 North Keller Drive	Effingham, IL 62401
Washington Savings Bank	200 S Banker St	Effingham, IL 62401
Mattoon Branch	1111 Charleston Avenue	Mattoon, IL 61938
Lerna Banking Center	506 Main Street	Lerna, IL 62440
Broadway Banking Center	1117 Broadway Avenue East	Mattoon, IL 61938

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