|
|
RATES
EFFECTIVE as of today,
Rates subject to change without notice.
|
ACCOUNT TYPE
|
MINIMUM BALANCE
to Open an Account
|
ANNUAL
PERCENTAGE YIELD
|
INTEREST
RATE
|
|
SAVINGS
|
$10.00
|
.25%
|
.25%
|
|
SAVINGS PLUS
|
$10,000.00
|
1.00%
|
1.00%
|
|
CHRISTMAS CLUB
|
$1.00
|
1.00%
|
1.00%
|
|
91 DAY CERTIFICATE
|
$2,500.00
|
.40%
|
.40%
|
|
182 DAY CERTIFICATE
|
$2,500.00
|
.60%
|
.60%
|
|
10 MONTH CERTIFICATE
|
$2,500.00
|
1.10%
|
1.10%
|
|
12 MONTH CERTIFICATE
|
$1,000.00
|
.75%
|
.75%
|
|
15 MONTH CERTIFICATE
|
$2,500.00
|
90%
|
.90%
|
|
18 MONTH CERTIFICATE
|
$1,000.00
|
1.15%
|
1.15%
|
|
20 MONTH CERTIFICATE
|
$2,500.00
|
1.30%
|
1.29%
|
|
24 MONTH CERTIFICATE
|
$1,000.00
|
1.30%
|
1.29%
|
|
30 MONTH CERTIFICATE
|
$1,000.00
|
1.40%
|
1.39%
|
|
36 MONTH CERTIFICATE
|
$2,500.00
|
1.75%
|
1.74%
|
|
48 MONTH CERTIFICATE
|
$1,000.00
|
2.10%
|
2.08%
|
|
60 MONTH CERTIFICATE
|
$1,000.00
|
2.40%
|
2.38%
|
|
84 MONTH CERTIFICATE
|
$1,000.00
|
2.60%
|
2.58%
|
Disclosure of Account Terms:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.
|
|
*
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account..
|
SAVINGS ACCOUNTS:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.
|
|
*
|
|
Your interest rate and annual percentage yield may
change at our discretion.
|
|
•
|
|
The current rate will be posted in our lobby or can be
obtained by calling 217-347-7173.
|
|
•
|
|
Interest is compounded daily and credited quarterly on
Jan.31, April 30, July 31, and Oct. 31..
|
|
•
|
|
Passbooks must be presented for withdrawals..
|
|
•
|
|
If an automatic teller machine card is issued for this
account it will be changed to a monthly statement savings account
with all other terms remaining the same..
|
|
•
|
|
No fee is charged if you maintain a $100.00 average
monthly balance. You will be charged a $2.00 monthly fee if your
average balance falls below $100.00.
|
|
•
|
|
Account closing fee (within 90 days of opening) -
$25.00
|
|
•
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account..
|
|
•
|
|
You may only make six third party preauthorized
transfers on your account each statement cycle.
|
ADDITIONAL DISCLOSURES FOR SAVINGS
PLUS:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.
|
|
*
|
|
Interest compounds daily and is credited on your
quarterly statement - Jan 31, Apr 30, Jul 31 & Oct 31st.
|
|
•
|
|
Interest rate will drop to .50% APY if your monthly
average balance falls below $10,000.00.
|
|
•
|
|
You may make 12 free withdrawals per quarter, (in
person, by ATM, Fast-Link Telephone Banking, online banking, automatic transfer, or
preauthorized).
|
|
•
|
|
A $2.00 fee will be charged for each additional
withdrawal.
|
|
•
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account.
|
|
•
|
|
You may only make six third party preauthorized
transfers on your account each month.
|
CHRISTMAS CLUB
ACCOUNTS:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.
|
|
*
|
|
Your interest rate and annual percentage yield will
remain in effect until Christmas Club Checks are issued.
|
|
•
|
|
Interest is compounded daily and credited annually.
|
|
|
|
Deposits of at least $1.00 may be made at any time. No
withdrawals are permitted.
|
|
•
|
|
The balance in your account plus the accrued interest
will be mailed in early November each year.
|
|
•
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account..
|
91 DAY - 182
DAY - 10 MONTH CERTIFICATES:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.
|
|
*
|
|
The interest rate and annual percentage yield will
remain in effect until maturity.
|
|
•
|
|
This account will automatically renew at the interest
rate in effect at maturity. You will have ten calendar days from the
maturity date to withdraw without a penalty.
|
|
•
|
|
Interest compounds and credits to your account at
maturity. You may request an interest check be mailed monthly,
quarterly, or semi-annually or transferred monthly to another account
in our bank. Interest checks or interest transfers will reduce the
annual percentage yield.
|
|
•
|
|
After the account is opened you may not make deposits
into your account until the
maturity date. A penalty may be imposed for early withdrawals.
|
|
•
|
|
The penalty for early withdrawal on the 60 Day
Certificate and the 91 Day Certificate is all interest paid, credited
or accrued on the amount withdrawn, this must equal at least 30 days
simple interest, whether earned or not.
|
|
•
|
|
The 182 Day and 10 MONTH Certificate early withdrawal
penalty is all interest paid, credited or accrued on the amount
withdrawn, this must equal to at least 90 days simple interest
whether earned or not.
|
|
•
|
|
Your account will automatically renew at the interest
rate in effect at maturity. You will have ten calendar days from
maturity date to withdraw without a penalty.
|
|
•
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account.
|
12 MONTH - 15 MONTH - 18 MONTH - 20
MONTH -24 MONTH - 30 MONTH - 48 MONTH - 60 MONTH - 84 MONTH
CERTIFICATES:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.*
|
|
*
|
|
The interest rate and annual percentage yield will
remain in effect until maturity.
|
|
*
|
|
Interest is compounded and credited quarterly on JAN.
31, APR. 30, JUL. 31 & OCT. 31st. You may request an interest
check to be mailed monthly, quarterly, semi-annually or transferred
to another account at our bank. Interest checks or interest transfers
will reduce the annual percentage yield.
|
|
•
|
|
The certificate will automatically renew at the
interest rate in effect at maturity. You will have ten calendar days
from the maturity date to withdraw without a penalty.
|
|
•
|
|
After the account is opened you may not make deposits
into your account until the
maturity date. A penalty may be imposed for early withdrawals.
|
|
•
|
|
Early withdrawal penalty is an amount equal to 180
days simple interest, whether earned or not.
|
|
•
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account.
|
36 MONTH BUMP
RATE CERTIFICATE:
|
*
|
|
We use the daily balance method to calculate the
interest on all accounts.
|
|
*
|
|
Interest begins to accrue on the business day you
deposit.
|
|
*
|
|
Interest is compounded and credited quarterly on JAN.
31, APR. 30, JUL. 31 & OCT. 31st. You may request an interest
check to be mailed monthly, quarterly, semi-annually or transferred
to another account at our bank. Interest checks or interest transfers
will reduce the annual percentage yield.
|
|
*
|
|
The certificate will automatically renew at the
interest rate in effect at maturity. You will have ten calendar days
from the maturity date to withdraw without a penalty.
|
|
•
|
|
After the account is opened you may not make deposits
into your account until the
maturity date. A penalty may be imposed for early withdrawals. Early withdrawal penalty is an amount equal to 180
days simple interest, whether earned or not.
|
|
•
|
|
The interest rate for your account will be paid until
maturity, unless you exercise your right to bump the rate.
|
|
•
|
|
The option must be exercised by the accountholders in
person in writing on a form provided by the institution and
acknowledged by our representative.
|
|
•
|
|
The Bump Rate option does not extend the original
maturity date.
|
|
•
|
|
The new adjusted interest rate is paid from the date
the original interest rate is bumped to the end of the original term.
|
|
•
|
|
If your certificate auto-renews, the Bump Rate option
is allowed one time during each renewal period.
|
|
•
|
|
All initial accounts must be opened in person by the
primary account holder. Proper identification is required to open any
account.
|
Customer eWarning
WASHINGTON SAVINGS BANK will NEVER request any
confidential information from a customer such as account number, social
security number, PINs or passwords by email
or phone call. Never give out confidential information unless you have
originated a voice or in-person conversation and we are requesting this
for identification reasons.
Never give your PIN or password to anyone, including WASHINGTON SAVINGS BANK
Staff. Emails from legitimate sources such as a bank or the FDIC can be
faked!
When entering our ebranch (website), only
enter directly at www.washingtonsavings.net in your
browser. Never allow another website (such as a search engine or other
website or bookmark) to transfer you to our website. Websites can be
faked if not entered directly!
|
|
|
|
|
|
