Washington's 36-Tier Interest Schedule: From $1.00 to 3%
Washington State has the most complex interest table in the nation: 36 different tiers ranging from $1.00 fixed interest (loans under $10) to 3% of principal (loans $100+). This 1995 schedule requires software that can select the correct tier from 36 options based on exact loan amount. Generic software? One "interest rate" field.
Skagit Coin in Burlington bought PPSS in 2014. They've paid exactly $695 since then—no renewals, no increases. Twelve years later, they've saved over $12,000 switching from their old monthly-fee system.
"The program has been consistent and reliable since 2014. We saved over $12,000 switching from our old monthly-fee system. The 11-point record fields keep everything organized for our annual inspections."
— Skagit Coin, Burlington, WA
Sample Interest Tiers (1995 Schedule):
- $0–$9.99: $1.00 fixed
- $10–$19.99: $1.25 fixed
- $20–$29.99: $1.50 fixed
- $40–$49.99: $2.25 fixed
- $100+: 3% of principal
PPSS has all 36 tiers programmed. Enter loan amount once—interest populates automatically from the 1995 schedule.