Washington Financial Bank savings, CD and money market rates
Washington Financial Bank advertises 0.05% APY on its Statement Savings account. That is 0.32 percentage points below the national savings average of 0.37% (FDIC, Sep 2026).
Ranked #2102 of 2284 tracked savings rates by advertised APY. For a $10,000 balance it would rank #2017. The advertised rate has not changed in the 3 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
Estimate your earnings·What Washington Financial Bank actually pays
Washington Financial Bank at a glance
| Savings | |
|---|---|
| Top savings APY | 0.05% · Statement Savings |
| Minimum to open | $100 · Statement Savings |
| Against the national average | 0.32 percentage points below the 0.37% FDIC savings average (Sep 2026) |
| CDs | |
| Top CD APY | 3.00% · 20 months · 20 Month CD Special |
| Minimum to open | $500 · 20 months CD |
| Money market | |
| Top money market APY | Up to 0.15% · Money Market Account · needs at least $250,000 |
| Minimum to open | $1,000 · Money Market Account |
| Against the national average | 0.48 percentage points below the 0.63% FDIC money market average (Sep 2026) |
| FDIC certificate | 29520 · Washington, PA |
|---|---|
| Website | www.washfin.bank |
| Branches | 10 branches in PA |
| Availability | Available in PA |
Washington Financial Bank savings, CD and money market rates
Personal
How the rate applies
IRA
Rates are APY. The national savings average is 0.37% (FDIC, Sep 2026). The top tracked savings rate on Banksparency is 5.50%. Across 59 savings accounts from 58 banks in the Banksparency core savings index, the median advertised rate is 3.65%, and one account in ten advertises 4.03% or more. See the highest savings rates.
Washington Financial Bank CD rates
| Term | APY | Minimum | Product |
|---|---|---|---|
| Personal CDs | |||
| 3 months | 0.10% | $2,500 | 91 Day CD |
| 6 months | 0.15% | $2,500 | 182 Day CD |
| 12 months | 0.20% | $500 | 12 Month CD |
| 20 months | 3.00% | $500 | 20 Month CD Special |
| 24 months | 0.25% | $500 | 24 Month CD |
| 24 months | 0.30% | $2,500 | Customer Choice CD: 24 Months |
| 36 months | 0.40% | $500 | 36 Month CD |
| 48 months | 0.45% | $500 | 48 Month CD |
| 60 months | 0.50% | $500 | 60 Month CD |
| 120 months | 0.95% | $500 | 120 Month CD |
| IRA CDs | |||
| 12 months | 0.20% | $500 | 12 Month IRA CD |
| 24 months | 0.25% | $500 | 24 Month IRA CD |
| 24 months | 0.30% | $2,000 | Customer Choice IRA CD: 24 Months |
| 36 months | 0.40% | $500 | 36 Month IRA CD |
| 48 months | 0.45% | $500 | 48 Month IRA CD |
| 60 months | 0.50% | $500 | 60 Month IRA CD |
| 120 months | 0.95% | $500 | 120 Month IRA CD |
Interactive Tool
Calculate Savings for Washington Financial Bank
All calculations are based on APY.
Savings Breakdown
- Interest Earned+$18.60(0.1%)
- Total Contributions$13,000
- Initial Deposit$1,000
Projected Balance
$14,018.60
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
What Washington Financial Bank pays on deposits
FDIC call report data
An advertised rate tells you what a new savings account earns today. It cannot tell you how the bank has priced the savings and money market deposits it already holds, over time. This section shows that. The figure is computed from the interest expense and deposit balances that every bank files with the FDIC in the same form. That is what makes it comparable across banks and across quarters.
The two figures answer different questions, so they sit side by side and are not combined.
In Q2 2026, Washington Financial Bank paid a higher average rate on savings and money market deposits than 12% of banks that reported a figure (FDIC call report). The all-bank median was 1.45%.
- Washington Financial Bank, savings and money market
- All-bank median
How to read these figures
What the average covers. It is an average across the whole bank, taken from its own quarterly FDIC call report. It covers savings accounts and money market deposit accounts, personal and business, at every balance tier. It also covers accounts that were opened years ago and keep the rate of those years. The FDIC line does not separate consumer accounts.
The second figure. The scale row also shows the average across all interest-bearing deposits: savings, interest checking, money market accounts, CDs, personal and business. That figure covers the whole deposit book. The two are shown separately and are not combined.
What the advertised rate covers. It is the rate that this bank advertises now for a new savings account. Banksparency records it from the bank's website on the date shown beside it.
Why the two differ. They measure different things, so this page shows them side by side and keeps them apart. An advertised rate applies to one account, opened now, at today's price. The average also includes older savings balances at the rates of earlier years, money market balances that were priced in a different rate environment, and business accounts. An average below an advertised rate is the usual result of that arithmetic. On its own it is not evidence about the account that you would open.
What the average is useful for. The bank files the data itself, under reporting instructions that are the same for every filer, and the same computation runs for every bank on this site. That makes it comparable in a way that an advertisement is not. Two things on this page read it: the percentile, which shows where the quarter sits among all filers, and the chart, which shows the direction the figure has moved across quarters.
What the average cannot tell you. It cannot tell you the rate that you would earn. No single customer earns the average. For your rate, read the advertised rate above and the rate tables on this page, each with the date it was observed.
What to do next. Use the advertised rate to work out what a new account earns. Use the chart to see how the quarterly average has moved against the all-bank median. Then compare the advertised rate against the current rates on the savings-rate tables before you open an account.
Definitions: Call Report · Rate Paid on Deposits · Interest-Bearing Deposits · Front Book and Back Book · Deposit Rate Percentile
Average annualized rates paid on savings and money market deposits, and on all interest-bearing deposits, quarterly. The FDIC line for savings includes money market deposit accounts and business savings deposits and does not separate consumer accounts. Source: FDIC call report data, as reported; it may be amended. The percentile compares all FDIC filers, count-weighted. A missing quarter is suppressed, never interpolated. The percentile counts the banks that paid strictly less on savings and money market deposits, one vote per bank, among the banks that reported a figure for the quarter.
So what is the catch?
| Product | APY | Min to open | Min to earn | Balance cap | Monthly fee | Requirements | Rate type | 12-mo trend |
|---|---|---|---|---|---|---|---|---|
| Personal | ||||||||
| Statement Savings | 0.05% | $100 | $0 | None | Avoid $2 monthly service fee with $250 minimum daily balance | not stated | One rate | |
| Youth Savings | 0.05% | $25 | $0 | None | not stated | not stated | One rate | |
| Money Market Account | 0.15% | $1,000 | $0 | None | not stated | not stated | Tiered | |
| IRA | ||||||||
| IRA Savings | 0.05% | $250 | $0 | None | not stated | not stated | One rate | |
Rate type: one rate applies at every balance. A tiered rate changes with your balance. A promotional rate changes after the period shown. A balance cap is the largest balance the highest rate applies to.
The 12-month trend shows the highest advertised rate observed each day and includes promotional tiers where one applied.
CDs
| Product | Term | APY | Min to open | Early withdrawal fee | Compounding |
|---|---|---|---|---|---|
| Personal CDs | |||||
| 91 Day CD | 3 months | 0.10% | $2,500 | not stated | not stated |
| 182 Day CD | 6 months | 0.15% | $2,500 | not stated | not stated |
| 12 Month CD | 12 months | 0.20% | $500 | not stated | not stated |
| 20 Month CD Special | 20 months | 3.00% | $500 | not stated | not stated |
| 24 Month CD | 24 months | 0.25% | $500 | not stated | not stated |
| Customer Choice CD: 24 Months | 24 months | 0.30% | $2,500 | not stated | not stated |
| 36 Month CD | 36 months | 0.40% | $500 | not stated | not stated |
| 48 Month CD | 48 months | 0.45% | $500 | not stated | not stated |
| 60 Month CD | 60 months | 0.50% | $500 | not stated | not stated |
| 120 Month CD | 120 months | 0.95% | $500 | not stated | not stated |
| IRA CDs | |||||
| 12 Month IRA CD | 12 months | 0.20% | $500 | not stated | not stated |
| 24 Month IRA CD | 24 months | 0.25% | $500 | not stated | not stated |
| Customer Choice IRA CD: 24 Months | 24 months | 0.30% | $2,000 | not stated | not stated |
| 36 Month IRA CD | 36 months | 0.40% | $500 | not stated | not stated |
| 48 Month IRA CD | 48 months | 0.45% | $500 | not stated | not stated |
| 60 Month IRA CD | 60 months | 0.50% | $500 | not stated | not stated |
| 120 Month IRA CD | 120 months | 0.95% | $500 | not stated | not stated |
Opening and using the account
| Availability | Available in PA |
|---|---|
| Footprint | 10 branches in PA |
| Eligibility | not stated |
How Washington Financial Bank behaves over time
Every observation of the advertised Statement Savings rate in the last 12 months was 0.05% (observed through Sep 23, 2026). The series includes promotional tiers where one applied.
Washington Financial Bank has not changed its advertised savings rate in the 3 weeks since Banksparency began tracking it, through 1 Federal Reserve rate move.
- Statement Savings
- The same as 7 days ago.
- 20 months CD
- The same as 7 days ago.
- Money Market Account
- The same as 7 days ago.
$10,000 at the 0.05% APY Washington Financial Bank advertises on Statement Savings grows to $10,005 in a year. Prices rose 3.4% in the year to August 2026 (Consumer Price Index (CPI)). After a year of prices rising at that pace, it buys as much as $9,676 does today. See how the federal funds rate shapes savings rates.
Washington Financial Bank CD rates over time
Who is Washington Financial Bank?
| Headquarters | Washington, PA |
|---|---|
| Founded | 1899 |
| Scale | $1.4B assets · $1.2B deposits, $1.0B of it interest-bearing (Q2 2026, FDIC) |
| Deposit insurance | FDIC insured · Certificate 29520 |
| Charter state | Pennsylvania · one of 110 insured banks chartered there (Q2 2026, FDIC) |
| Size | 761st-largest by deposits of 4,238 insured banks (Q2 2026, FDIC) |
| Deposit growth | Higher than at 6% of 4,226 insured banks over the four quarters to Q2 2026 (FDIC) |
Financial detail is in What Washington Financial Bank pays on deposits above.
Common questions about Washington Financial Bank
Is Washington Financial Bank FDIC insured?
Yes. Washington Financial Bank is FDIC insured under certificate 29520, so deposits are covered up to $250,000 per depositor, per ownership category.
What is the minimum deposit at Washington Financial Bank?
Washington Financial Bank requires a minimum deposit of $100 to open its Statement Savings account, as observed on Sep 23, 2026. Check the bank's current terms before you open an account.
Does Washington Financial Bank have branches?
Yes. Washington Financial Bank operates 10 branches according to FDIC branch records, in addition to its website and mobile apps.
Washington Financial Bank against its closest alternatives
| Bank | Savings APY | Rate paid on savings and money market deposits (Q2 2026) | Min deposit | Branches |
|---|---|---|---|---|
| Washington Financial Bank | 0.05% | 0.42% | $100 | 10 branches in PA |
| Arrow Bank National Association | 0.05% | 2.21% | $500 | 57 branches in NY |
| Bank of Franklin County | 0.05% | 0.50% | $25 | 6 branches in MO |
| Bank of Salem | 0.05% | 0.30% | $100 | 2 branches in MO |
Each savings APY is the top rate of the account the bank's own page leads with. Alternatives are the three tracked banks whose savings APY is closest to Washington Financial Bank's.
Similar banks and related pages
Banks in the same rate band with the same product mix:
Other banks chartered in Pennsylvania, nearest to Washington Financial Bank in deposits:
Rate hubs: today's highest savings rates, CD rates by term, and money market rates.
State pages: banks in Pennsylvania.