Bank · FDIC insured
Washington Savings Bank Savings Rates
A $585.3M bank headquartered in Effingham, IL, with 4 branches in Illinois.
How Washington Savings Bank’s savings rates compare
Compared with banks and credit unions near Effingham, IL, where Washington Savings Bank has the most branches. $10,000, best rate first.
This bank’s best
Washington Savings Bank
0.20%APY
- Requires
- Conditions apply
- Minimum
- $5,000.01
- Earns on $10,000 a year
- $20
Health Savings Accounts (HSA)
Top rate
Dieterich Bank
4.00%APY
- Requires
- Monthly account activity
- Minimum
- $25
- Earns on $10,000 a year
- $400
2nd-highest rate
Land of Lincoln Credit Union
1.46%APY
- Requires
- None
- Minimum
- —
- Earns on $10,000 a year
- $146
Washington Savings Bank savings score
69
Savings score
Higher than 25% of U.S. banks and credit unions
- $1,000 balance$1,0000.09%
- $10,000 balance$10,0000.10%
- $100,000 balance$100,0000.15%
- QualifiedQualified0.53%
Each track runs from the lowest to the highest rate among U.S. banks and credit unions; the dot is this rate.Qualified: needs another account or monthly activity.
Where Washington Savings Bank ranks
By savings score, in each area where it has branches
Every rate
Current savings rates
Rates from the bank’s website. Earnings assume the rate doesn’t change.
Elite Saver
0.53%APY on $10,000
Must have an Elite Plus/Saver Checking Account. Minimum requirements of Elite Plus/Saver Checking must be met to earn qualified tier rates; otherwise earns base rate. Interest transferred from Elite Plus/Saver Checking. Personal use only.
| Part of the balance | Rate on that part |
|---|---|
| Any balance | 0.03% |
| Up to $10,000 | 0.50% |
| Over $10,000 | 0.25% |
On $10,000 the tiers blend to about 0.53% APY, earning $53 a year.
Sources (3)
- washingtonsavings.net/our-rates
- washingtonsavings.net/personal…lite-plus-saver-checking
- washingtonsavings.net/personal…onal-savings/elite-saver
All captured Oct 16, 2026
Tiered Statement Savings
0.10%APY on $10,000
All initial accounts must be opened in person by the primary account holder. Personal accounts only. Interest starts accruing at $100.00. Monthly service fee of $3.00 imposed if minimum balance falls below $100.00. Interest compounded daily and credited monthly.
| Part of the balance | Rate on that part |
|---|---|
| $100 – $10,000 | 0.10% |
| $10,000 – $25,000 | 0.10% |
| $50,000 – $100,000 | 0.25% |
| Over $100,000 | 0.25% |
On $10,000 the tiers blend to about 0.10% APY, earning $10 a year.
Sources (3)
- washingtonsavings.net/our-rates
- washingtonsavings.net/personal-banking/personal-savings
- washingtonsavings.net/personal…savings/tiered-statement
All captured Oct 16, 2026
Special-purpose accounts
Christmas Club
2.50%APY on $10,000
All initial accounts must be opened in person by the primary account holder. Rate remains in effect until Christmas Club checks are issued. No withdrawals permitted. Balance plus accrued interest mailed after October 26th each year. Deposits of at least $1.00 may be made at any time. Maximum balance is $10,000.00.
| Part of the balance | Rate on that part |
|---|---|
| Up to $10,000 | 2.47% |
On $10,000 the tiers blend to about 2.50% APY, earning $250 a year.
Sources (3)
- washingtonsavings.net/our-rates
- washingtonsavings.net/personal-banking/personal-savings
- washingtonsavings.net/personal…l-savings/christmas-club
All captured Oct 16, 2026
Health Savings Accounts (HSA)
0.20%APY
All initial accounts must be opened in person by the primary account holder. Must be covered under a high deductible health plan (HDHP) and have no other health coverage except permitted coverage. A monthly service fee of $2.00 will be imposed each month if the minimum balance falls below $500.00. The interest compounds daily and is credited on your monthly cycle date.
| Balance | APY | Earns on $10,000 a yearEarns | Requirement |
|---|---|---|---|
| Up to $5,000$2.00 monthly service fee waived if minimum balance remains $500.00 or above. | 0.15% | — | $2.00 monthly service fee waived if minimum balance remains $500.00 or above. |
| $5,000 – $10,000$2.00 monthly service fee waived if minimum balance remains $500.00 or above. | 0.20% | $20 | $2.00 monthly service fee waived if minimum balance remains $500.00 or above. |
| Over $10,000$2.00 monthly service fee waived if minimum balance remains $500.00 or above. | 0.25% | — | $2.00 monthly service fee waived if minimum balance remains $500.00 or above. |
Sources (1)
- washingtonsavings.net/our-rates · captured Oct 16, 2026
Kid's Club
0.20%APY on $10,000
All initial accounts must be opened in person by the primary account holder. Passbooks must be presented for withdrawals. Interest compounded daily and credited quarterly (Jan. 31, Apr. 30, Jul. 31, Oct. 31). Account holders receive an annual birthday card until age 12 with a Savings Bee Buck / Kids Club Dollar.
| Part of the balance | Rate on that part |
|---|---|
| Any balance | 0.20% |
On $10,000 the tiers blend to about 0.20% APY, earning $20 a year.
Sources (3)
- washingtonsavings.net/our-rates
- washingtonsavings.net/personal-banking/personal-savings
- washingtonsavings.net/personal…rsonal-savings/kids-club
All captured Oct 16, 2026
Opening an account
Confirm the bank’s opening requirements and whether the account is available where you live. A nearby branch does not establish eligibility for every rate.