Washington Savings Bank

Overview / Commentary
200 South Banker Street
Effingham , IL 62401-0707

Washington Savings Bank is headquartered in Effingham and is the 88th largest bank in the state of Illinois. It is also the 1,563rd 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.


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Health Grade Components

FDIC Certificate #29227
Year Established1883
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.65%
Return on Equity - YTD4.52%
Annual Interest Income$10.9MM
Assets and Liabilities
AssetsQ3 2021vs Q3 2020$571.9MM$433.1MM
LoansQ3 2021vs Q3 2020$309.4MM$285.5MM
DepositsQ3 2021vs Q3 2020$481.8MM$349.6MM
Equity CapitalQ3 2021vs Q3 2020$72.2MM$70.4MM
Loan Loss AllowanceQ3 2021vs Q3 2020$2.5MM$2.3MM
Unbacked Noncurrent LoansQ3 2021vs Q3 2020$2.2MM$2.0MM
Real Estate OwnedQ3 2021vs Q3 2020$58.00K$60.00K
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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

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
0.30%$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

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

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

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

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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