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Washington Savings Bank Effingham, IL

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Washington Savings Bank Effingham, IL Rates & Review May 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: May 15, 2026

You can compare Washington Savings Bank Effingham, IL rates to other rates in our database, including 12-month CD rates currently at 2.93%, 6-month CD rates at 1.25% and 3-month CD rates at 4.00%. Savings rates are at 0.05% and money market rates are at 2.00%. Mortgage rates on 30-year fixed loans are around 5.49%. All these rates can be compared to Washington Savings Bank Effingham, IL rates. 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 were last updated on 05/15/2026.

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

Current Rate Availability

We do not have Washington Savings Bank Effingham, IL rates right now, but we are constantly updating our database so check back often for updated rates.

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 Offices 4

Source: FDIC | Last Updated 12/31/2025

Customer Reviews

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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.