Commercial Banking

Business Savings Account Options

From savings accounts to money market accounts to CDs, Washington Trust has the account to meet the needs of your business. And, your monthly savings balances can help waive your Business Checking account fees.

Business Statement Savings Account

Person working on a spreadsheetPut your company's hard-earned money to work while enjoying unlimited access to your funds. Our Business Statement Savings Account* features a tiered interest rate structure that rewards higher balances with higher rates.

  • No monthly service charge fee if a minimum average daily balance of $250 is maintained
  • Interest-bearing when a minimum daily balance of $2,500 is maintained

Business Money Market Accounts

Money Market Accounts** let your company enjoy competitive rates while maintaining access to your funds and allowing a small number of checks to be written.

Certificates of Deposit

Certificates of Deposit allow you to lock in a great, competitive rate for your business for a set period of time, delivering guaranteed earnings.

Business professionals in a meeting

Cash Management Services

Washington Trust offers expert, professional advice and a comprehensive suite of cash management tools to help make your money work harder.

Applying for a Business Savings Account is easy! Call us today at (800) 475-2265 to get started or visit us at one of our branch locations.


Branch Locations

*$6.00 monthly service charge fee if the average daily balance for the monthly statement cycle falls below $250; $15 excess transfer fee for each transfer in excess of six during a statement cycle.

**Requires a $2,500 minimum deposit to open. Tiered account: interest rate paid and the Annual Percentage Yield may vary, depending on the balance in the account each day. $8.00 monthly service charge if balance drops below $1,000 minimum; $15 excess transfer fee will be charged for each transfer exceeding stated limitations. Transfers from a Business Money Market Account to another account or to third parties by pre-authorized, automatic, or telephone transfers are limited to six per calendar month, with no more than three by check, draft, debit card, or similar order to third parties.