What are the current interest rates at Washington Savings Bank Effingham, IL?

Current rates for Washington Savings Bank Effingham, IL include: 12-Month CD: 3.44%, 18-Month CD: 3.03%, 24-Month CD: 3.24%, 36-Month CD: 3.19%, 48-Month CD: 3.24%, 60-Month CD: 3.29%, Savings: 0.10%

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Washington Savings Bank Effingham, IL

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Washington Savings Bank Effingham, IL Rates & Review August 2026

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Washington Savings Bank Effingham, IL provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated and Verified: August 28, 2026

Washington Savings Bank Effingham, IL's 12-Month rates are at 3.44%, 84-Month rates are at 3.39%, 60-Month rates are at 3.29%, 24-Month rates are at 3.24%, 48-Month rates are at 3.24%. Washington Savings Bank Effingham, IL's savings rates are at 0.10%. MonitorBankRates evaluates the financial stability of Washington Savings Bank Effingham, IL with a 5.0 Star Rating, an A+ Overall Health Grade, and a Texas Ratio of 2.45%. Rates last updated and verified on 08/28/2026.

Washington Savings Bank Effingham, IL money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Washington Savings Bank Effingham, IL? Share your experience about Washington Savings Bank Effingham, IL by leaving a review below, or read customer reviews before you decide to use Washington Savings Bank Effingham, IL.

Overall Health & Safety Grade

A+

Exceptional Health Score: 99/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

2.45%

Excellent Lower than avg

Washington Savings Bank

200 S Banker St
Effingham, IL 62401

https://www.washingtonsavings.net

Washington Savings Bank Effingham, IL CD Rates

Product	Rate	APY	Term
12 Month	3.40%	3.44%	12 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
84 Month	3.35%	3.39%	84 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
60 Month	3.25%	3.29%	60 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
24 Month	3.20%	3.24%	24 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
48 Month	3.20%	3.24%	48 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
18 Month	3.18%	3.22%	18 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
36 Month Bump	3.15%	3.19%	36 Month
Min Balance $2,500 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
18 Month Variable	3.00%	3.03%	18 Month
Min Balance $100 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
10 Month	0.50%	0.50%	10 Month
Min Balance $2,500 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
15 Month	0.50%	0.50%	15 Month
Min Balance $2,500 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
20 Month	0.50%	0.50%	20 Month
Min Balance $2,500 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
30 Month	0.50%	0.50%	30 Month
Min Balance $1,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%

Washington Savings Bank Effingham, IL Savings Rates

Product	Rate	APY
Elite Saver	1.73%	1.75%
Min Balance $0 Details Qualifications Required: Must meet minimum requirements in your Elite Plus/Saver Checking Account; Must have an Elite Plus/Saver Checking Account. The interest from your Elite Plus/Saver Checking Account will be transferred into your Elite Saver Account. Interest compounds daily and is credited on your statement cycle date. Fees could reduce earnings. Personal use only. $3.00/month service charge for mailed paper statements on checking accounts. Charge waived for account holders 60 years old or older. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Saver Account	0.50%	0.50%
Min Balance $0 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Commercial Statement Savings	0.40%	0.40%
Min Balance $250,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Commercial Statement Savings	0.35%	0.35%
Min Balance $100,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Commercial Statement Savings	0.30%	0.30%
Min Balance $50,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Saver	0.25%	0.25%
Min Balance $10,000 Details Qualifications Required: Must meet minimum requirements in your Elite Plus/Saver Checking Account; Must have an Elite Plus/Saver Checking Account. The interest from your Elite Plus/Saver Checking Account will be transferred into your Elite Saver Account. Interest compounds daily and is credited on your statement cycle date. Fees could reduce earnings. Personal use only. $3.00/month service charge for mailed paper statements on checking accounts. Charge waived for account holders 60 years old or older. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Health Savings Accounts (HSA)	0.25%	0.25%
Min Balance $0 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Statement Savings	0.25%	0.25%
Min Balance $50,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Commercial Statement Savings	0.20%	0.20%
Min Balance $10,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Health Savings Accounts (HSA)	0.20%	0.20%
Min Balance $5,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Statement Savings	0.20%	0.20%
Min Balance $25,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Commercial Statement Savings	0.15%	0.15%
Min Balance $5,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Health Savings Accounts (HSA)	0.15%	0.15%
Min Balance $0 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Statement Savings	0.10%	0.10%
Min Balance $100 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%

Washington Savings Bank Effingham, IL Checking Rates

Product	Rate	APY
Elite Plus Checking	2.47%	2.50%
No additional details. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Plus Checking	1.73%	1.75%
Min Balance $0 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Plus/Saver Checking	1.73%	1.75%
Min Balance $0 Details Qualifications Required: Must be enrolled and log into online banking; enroll and receive eStatement notices; have at least 15 debit card purchases post and settle per statement cycle; have at least one direct deposit/ACH per statement cycle; The interest from your Elite/Plus Saver Checking Account will be transferred into your Elite Saver Account. Interest compounds daily and is credited on your statement cycle date. Fees could reduce earnings. Personal use only. $3.00/month service charge for mailed paper statements on checking accounts. Charge waived for account holders 60 years old or older. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Value Checking	1.73%	1.75%
Min Balance $0 Details Qualifications Required: Must be enrolled and log into online banking; enroll and receive eStatement notices; have at least 10 transactions of any combination of bill payments, preauthorized withdrawals, or direct deposits post and settle per statement cycle; Interest compounds daily and is credited on your statement cycle date. Fees could reduce earnings. Personal use only. $3.00/month service charge for mailed paper statements on checking accounts. Charge waived for account holders 60 years old or older. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Value Checking Account	1.00%	1.00%
Min Balance $0 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Interest Checking	0.40%	0.40%
Min Balance $250,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Interest Checking	0.30%	0.30%
Min Balance $100,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Plus Checking	0.25%	0.25%
Min Balance $10,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Plus/Saver Checking	0.25%	0.25%
Min Balance $10,000 Details Qualifications Required: Must be enrolled and log into online banking; enroll and receive eStatement notices; have at least 15 debit card purchases post and settle per statement cycle; have at least one direct deposit/ACH per statement cycle; The interest from your Elite/Plus Saver Checking Account will be transferred into your Elite Saver Account. Interest compounds daily and is credited on your statement cycle date. Fees could reduce earnings. Personal use only. $3.00/month service charge for mailed paper statements on checking accounts. Charge waived for account holders 60 years old or older. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Value Checking	0.25%	0.25%
Min Balance $15,000 Details Qualifications Required: Must be enrolled and log into online banking; enroll and receive eStatement notices; have at least 10 transactions of any combination of bill payments, preauthorized withdrawals, or direct deposits post and settle per statement cycle; Interest compounds daily and is credited on your statement cycle date. Fees could reduce earnings. Personal use only. $3.00/month service charge for mailed paper statements on checking accounts. Charge waived for account holders 60 years old or older. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Interest Checking	0.25%	0.25%
Min Balance $50,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Elite Plus Checking	0.20%	0.20%
No additional details. Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Interest Checking	0.20%	0.20%
Min Balance $10,000 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%
Tiered Interest Checking	0.10%	0.10%
Min Balance $2,500 Last Updated 08/28/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 2.45%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
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Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Washington Savings Bank Effingham, IL is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Washington Savings Bank Effingham, IL rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Washington Savings Bank Effingham, IL's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Washington Savings Bank Effingham, IL

Bank Holding Company WASHINGTON SAVINGS MHC

Address 200 S Banker St, Effingham, IL 62401 · Effingham

Website https://www.washingtonsavings.net

FDIC Certificate # 29227

Established 01/01/1883

FDIC Insurance Date 08/09/1989

Domestic Offices 4

Total Branches 4

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 99/100

5.0

Exceptional Out of 5.0 Stars

2.45%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 0.1660%

Return on Equity (ROE) 1.7900%

Non-Performing Loans (NPL) 0.22%

Total Assets $586,243,000

Total Deposits $501,677,000

Equity Capital $66,185,000

Net Income $1,796,000

Headquarters Effingham

Total Branches and Offices 4

Source: FDIC | Last Updated 12/31/2025

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Frequently Asked Questions About Washington Savings Bank Effingham, IL

How many branches does Washington Savings Bank Effingham, IL operate?

Washington Savings Bank Effingham, IL currently maintains approximately 4 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Washington Savings Bank Effingham, IL does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Washington Savings Bank Effingham, IL provides members with tools to manage their accounts and build a solid financial history.

Does Washington Savings Bank Effingham, IL offer online and mobile banking?

Most modern institutions like Washington Savings Bank Effingham, IL provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.washingtonsavings.net.