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Washington Savings Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.60%
Our Rating
4.3  / 5
American Express
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 7/11/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.44%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.2  / 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.washingtonsavings.net
800-836-7173
200 South Banker Street
Effingham , IL 62401

Washington Savings Bank is headquartered in EFFINGHAM and is the 93rd largest bank in the state of Illinois. It is also the 1,617th largest bank in the nation. It was established in 1883 and as of March of 2025, it had grown to 73 employees at 5 locations. Washington Savings Bank's CD rates are 4X the national average, and it has an A health rating.

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Health
A

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #29227
Year Established1883
Employees73
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.18%
Return on Equity - YTD1.75%
Annual Interest Income$5.7MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$580.6MM$598MM
LoansQ1 2025vs Q1 2024$329MM$340.1MM
DepositsQ1 2025vs Q1 2024$501.4MM$512.8MM
Equity CapitalQ1 2025vs Q1 2024$60.5MM$56.1MM
Loan Loss AllowanceQ1 2025vs Q1 2024$3.5MM$3.5MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$1.6MM$1.7MM
Real Estate OwnedQ1 2025vs Q1 2024$25K$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.00%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: +0.20% boost to 4.00% for up to 6 months on new accounts with eligible direct deposit. Terms apply.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
3.60%
Our Rating
4.3  / 5
American Express
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 7/11/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/11/2025
4.44%
Our Rating
4.3  / 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
Bonus Amount
up to $300
Our Rating
4.2  / 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.

Washington Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$1-Christmas Club
0.50%*$0$10kElite Saver
OTHER TIERS: 0.25% → $10k+
0.40%*$250k*-Commercial Statement Savings
OTHER TIERS: 0.15% → $0 - $10k | 0.20% → $10k - $50k | 0.30% → $50k - $100k | 0.35% → $100k - $250k
0.25%*$50k*-Tiered Statement Savings
OTHER TIERS: 0.10% → $0 - $25k | 0.20% → $25k - $50k
0.25%*$10k*-Health Savings Accounts
OTHER TIERS: 0.15% → $0 - $5k | 0.20% → $5k - $10k
0.20%$10-Kid's Club

Washington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%*$0$10kElite Plus Checking
OTHER TIERS: 0.25% → $10k+
1.75%*$0$10kElite Plus/Saver Checking
OTHER TIERS: 0.25% → $10k+
1.00%*$0$15kElite Value Checking
OTHER TIERS: 0.25% → $15k+
0.40%*$250k*-Tiered Interest Checking
OTHER TIERS: 0.10% → $0 - $10k | 0.20% → $10k - $50k | 0.25% → $50k - $100k | 0.30% → $100k - $250k

Washington Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.10%$2.5k-5 Month CD
3.94%$1k-12 Month CD
3.91%$1k-48 Month CD
3.85%$1k-24 Month CD
2.98%$1k-60 Month CD
2.88%$1k-18 Month CD
2.88%$2.5k-36 Month Bump CD
2.27%$2.5k-182 Day CD
2.02%$2.5k-91 Day CD
1.86%$2.5k-20 Month CD
1.76%$1k-30 Month CD
1.51%$2.5k-15 Month CD
1.51%$1k-84 Month CD
1.00%$2.5k-10 Month CD

Washington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.94%$1k-12 Month Roth IRA
3.94%$1k-12 Month IRA
3.85%$1k-24 Month Roth IRA
3.85%$1k-24 Month IRA
2.98%$1k-60 Month IRA
2.88%$100-18 Month Variable Roth IRA
2.88%$2.5k-36 Month Bump Roth IRA
2.88%$100-18 Month Variable IRA
2.88%$1k-18 Month IRA
2.88%$2.5k-36 Month Bump IRA
1.76%$1k-30 Month IRA
1.51%$2.5k-15 Month Roth IRA
1.51%$2.5k-15 Month IRA
1.51%$1k-84 Month IRA
1.51%$1k-84 Month Roth IRA
Locations


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

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