At Washington Financial Bank, we offer a variety of savings solutions to help you achieve your financial goals. Below, you’ll find detailed information on each account type to help you decide what works best for you.
With a Washington Financial Bank Money Market Account, you can maximize your savings while keeping your funds within reach. This account is ideal for those looking to grow their balance with competitive rates and easy access.
| Feature | Details |
|---|---|
| Online Banking | Yes |
| Statement Type | E-Statements |
| Withdrawals | Unlimited monthly transactions |
| Rate Structure | Tiered rates – Higher balances earn higher rates |
With tiered rates that reward higher balances and simple online banking, a Money Market Account gives you the flexibility you need to make your savings work harder.
Lock in your savings and enjoy guaranteed returns with our fixed-rate Certificates of Deposit. With flexible term lengths and competitive rates, our CDs are a smart choice for secure, long-term growth.
| Type | Terms | Interest | Minimum Deposit to Open |
|---|---|---|---|
| Short Term | 91–182 days | Credited at maturity | $2,500 |
| Long Term | 12–120 months | Compounded quarterly | $500 |
| CDARS Program | 91 days–10 years | Higher rates with longer terms | Varies by term |
| Customer Choice | 24 months | Compounded quarterly | $2,500 |
Have a larger balance? Our CDARS program offers additional options for deposits over $250,000, giving you even more ways to grow your savings securely.
Planning for your retirement has never been easier. Whether you choose a Traditional or Roth IRA, you’ll enjoy tax-advantaged savings with no setup or maintenance fees.
| Roth IRA | Traditional IRA | |
|---|---|---|
| Set Up Fees | None | None |
| Income Limit | No limit | Yes |
| Tax-Deductible Contributions | Not Applicable | Yes |
| Earnings | Tax-free at withdrawal | Tax-deferred until withdrawal |
| Beginning Age for Withdrawal | 59½ (on interest) | 59½ |
| Monthly Maintenance Fee | $0 | $0 |
No matter the option, both IRAs allow you to save strategically for retirement while enjoying significant tax benefits. Still have questions? Reach out to learn more or check rates today.
