Washington Savings Bank

Overview | Eligibility Requirements | Receive alerts for this bank

LOCATIONS

TODAY'S FEATURED RATES

Member FDIC

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

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

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

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 93^rd largest bank in the state of Illinois. It is also the 1,617^th 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 has an A health rating.

Reviews

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	29227
Year Established	1883
Employees	73
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.18%
Return on Equity - YTD	1.75%
Annual Interest Income	$5.7MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$580.6MM$598MM
Loans	Q1 2025vs Q1 2024	$329MM$340.1MM
Deposits	Q1 2025vs Q1 2024	$501.4MM$512.8MM
Equity Capital	Q1 2025vs Q1 2024	$60.5MM$56.1MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$3.5MM$3.5MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$1.6MM$1.7MM
Real Estate Owned	Q1 2025vs Q1 2024	$25K$0

TODAY'S FEATURED RATES

Member FDIC

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

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

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

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

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

Rates for Washington Savings Bank are currently being reviewed.

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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.