Passbook Loans

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Summary

Borrowing against your own funds secured by a Washington Savings Bank Certificate of Deposit, is a fast, convenient, low cost way of obtaining a loan. No credit check or proof of income is required.

  • Maximum term: up to 60 months; loan maturity date must match CD maturity date.
  • Loan Amount: up to 95% of the CD balance
  • Rate: fixed rate equal to th CD rate plus 2.00%
  • Payment: amortized payment (blended P&I payment) based on the loan term
  • A balance of at least $5,000 qualifies you for an additional 10 cents for every debit card purchase on our Cash Rewards Checking accounts.
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