Savings
At The Washington Savings Bank, you can save as much as you want and still have access to your money. We provide the flexibility you are looking for, and keeping it simple enables you to stay on track with your savings program. Pay yourself first and watch your savings grow.
Savings Programs
The Washington Savings Bank offers programs to meet the needs of the beginning saver, as well as those of the savvy investor. Bank-by-Mail, Automatic Savings or transfers via online banking make saving from anywhere easy. One of the programs below can easily fit into your savings plan. Whether it is a Performance Savings, Maximum Money Market, October Club, KidSAVE2 account, or Education IRA, we have a program that’s right for you. Also take a look at our Certificate of Deposit programs for sound Interest Rates on fixed rate investments and Individual Retirement planning.
Maximum Money Market
Typically higher Annual Percentage Yields (APY) than regular savings accounts. This tiered account requires a minimum to open of $1,000 and allows you to write up to three checks per cycle. Checks are truncated and online access is available. Your Annual Percentage Yield and Interest Rate increases with your balance according to the tier levels shown below:
- $100,000 or More
- $25,000 - $99,999.99
- $10,000 - $24,999.99
- $1,000 - $9,999.99
(Call any branch location for current APY and Interest Rates)
Performance Savings
Our savings account performs. A simple savings account that pays you interest as long as you maintain a balance of $1.00 or more. The minimum to open is $50.00. Ask about Performance Savings at any of our locations.
KidSAVE2
Teach your children (or grandchildren) to save with this simple savings account especially for kids. Minimum to open is just $10.00 and interest is paid on balances of $1.00 or more. Start your kids off to a lifetime of savings with a KidSAVE2 account now. Be sure to check out our kids page for a fun way for your child to learn about savings!
Winter Wishes Club
This account let’s you save for anticipated expenses easily and provides you with the balance of your savings each October. . . just in time for holiday shopping or perhaps that winter cruise you’ve been longing to take. Just set up an automatic transfer from your checking account into your Winter Wishes Club and make saving simple. Get a check or have the money transferred into your Washington Savings Bank checking account. And, you can use the same account to save again the following year! Minimum balance to open is only $25.
Member FDIC
