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[LETTERHEAD]
ARCADIA FINANCIAL LTD.
SUBORDINATED NOTE RATES
EFFECTIVE APRIL 20, 1998
RATES ARE SUBJECT TO CHANGE FROM TIME TO TIME.
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$1,000 - $24,999 $25,000 - $49,999 $50,000 - $99,999 $100,000 PLUS
RATE YIELD RATE YIELD RATE YIELD RATE YIELD
TERM
<S> <C> <C> <C> <C> <C> <C> <C> <C>
90 DAYS* 7.25 7.45 7.25 7.45 7.30 7.50 7.35 7.56
180 DAYS* 7.75 7.90 7.75 7.90 7.80 7.95 7.85 8.00
1 YEAR* 9.25 9.25 9.25 9.25 9.30 9.30 9.35 9.35
2 YEARS 9.50 9.84 9.50 9.84 9.55 9.90 9.60 9.95
3 YEARS 9.50 9.84 9.50 9.84 9.55 9.90 9.60 9.95
4 YEARS 9.50 9.84 9.50 9.84 9.55 9.90 9.60 9.95
5 YEARS 10.00 10.38 10.00 10.38 10.05 10.44 10.10 10.49
10 YEARS 10.00 10.38 10.00 10.38 10.05 10.44 10.10 10.49
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* Earns Simple Interest.
Effective Annual Yield on 2,3,4,5 and 10 year Notes is based on quarterly
compounding and interest paid annually or at maturity.
Annual Percentage Yield assumes all interest is reinvested at the same
rate.
Available to Residents of:
Colorado Pennsylvania
Minnesota Tennessee
New Mexico Texas
Ohio Wisconsin
Oregon
Prospectus Supplement to Prospectus dated April 4 1996
THE OFFER TO SELL SECURITIES IS MADE BY PROSPECTUS ONLY
