Promotional Certificates of Deposit

Promotional ProductInterest RateAPY1
Open Online
6 Month Promo CD2*4.91%5.00%
20 Month Flexible CD33.94%4.00%
Choose Your Term (91D – 1YR)42.97%3.00%
Choose Your Term (1YR – 5YR)5*3.46%3.50%
All rates effective as of April 13, 2024

1 Annual Percentage Yield (APY)

2 The 6-Month Certificate of Deposit allows Freedom Ultra Checking account holders, opening an account in a branch, to use a total of $5000 of existing Washington Trust funds per Tax Reported Owner.

3 Unlimited Deposits and One-Time Withdrawal - On, or after, seven (7) days from the initial day of deposit, you may make a one-time partial withdrawal of principal without an early withdrawal penalty. Principal balance must not fall below $500 otherwise you are subject to an early withdrawal penalty and closure. The withdrawal may not exceed $10,000 of the principal balance. Any amounts withdrawn greater than $10,000 will be subject to an early withdrawal penalty. Subsequent withdrawals from principal will be subject to all applicable early withdrawal penalties. You may make unlimited deposits into your account before maturity. ACH, Incoming Wire Transfers, and ATM deposits are not allowed. No municipal or government funds. Minimum balance to open account is $500. Minimum balance to earn stated APY is $0.01. CD withdrawals before maturity date will reduce the APY earned. Fees may reduce earnings.

4 Washington Trust checking account is required. Offer is for a limited time only and may be withdrawn at any time. No municipal or government funds. Minimum balance to open account is $500. Minimum balance to earn stated APY is $0.01. CD withdrawals before maturity date will reduce the APY earned and early withdrawal penalties will be imposed. Fees may reduce earnings.

5 At your option, you may change the rate of your account once during the term of your certificate of deposit. Your request to adjust your interest rate is limited to the rate in effect in the standard non-promotional term certificate of deposit. The rate will be in effect from the date the bump-up option is exercised for the remainder of the initial term. If you choose to exercise your rate bump-up option you must contact the bank. Your interest rate and annual percentage yield may change if you choose to exercise your bump-up option.

* Washington Trust checking account is required. Offer available for new account opened with funds from sources other than Washington Trust. Offer is for a limited time only and may be withdrawn at any time. No municipal or government funds. Minimum balance to open account is $500. Minimum balance to earn stated APY is $0.01. CD withdrawals before maturity date will reduce the APY earned and early withdrawal penalties will be imposed. Fees may reduce earnings.

Certificates of Deposit

Product*Interest RateAPY**
91 Days0.10%0.10%
6 Months0.10%0.10%
12 Months0.10%0.10%
18 Months0.15%0.15%
24 Months0.20%0.20%
36 Months0.45%0.45%
48 Months0.65%0.65%
60 Months0.75%

0.75%

Freedom Plus Checking customers receive an extra 0.25% APY on the above rates.

All rates effective as of April 13, 2024

*Minimum balance to open account is $500. Minimum balance to earn stated APY is $0.01. CD withdrawals before maturity date will reduce the APY earned and early withdrawal penalties will be imposed. Fees may reduce earnings.
**Annual Percentage Yield (APY)

Money Markets, Checking, and Savings Accounts

ProductInterest RateAPY*Min. to Open the Account
Simply Free Checking
$4,999.99 and under0.00%0.00%$25.00
$5,000.00 and over0.01%0.01%$25.00
Freedom Checking
$4,999.99 and under0.00%0.00%$25.00
$5,000.00 and over0.01%0.01%$25.00
Freedom Plus Checking
$1,499.99 and under0.00%0.00%$25.00
$1,500.00 and over0.05%0.05%$25.00

Freedom Ultra Checking

Under $1,499.990.00%0.00%$25.00
$1,500.00 - $9,999.990.10%0.10%$25.00
$10,000.00 - $24,999.990.10%0.10%$25.00
$25,000.00 - $49,999.990.10%0.10%$25.00
$50,000.00 - $99,999.990.10%0.10%$25.00
$100,000.00 and over0.10%0.10%$25.00
Personal Money Market Account
$2,499.99 and under0.00%0.00%$2,500.00
$2,500.00 - $24,999.990.10%0.10%$2.500.00
$25,000.00 - $49,999.990.10%0.10%$2,500.00
$50,000.00 - $249,999.990.10%0.10%$2,500.00
$250,000.00 - $999,999.990.10%0.10%$2,500.00
$1,000,000.00 and over0.10%0.10%$2,500.00
Freedom Statement Savings
$2,499.99 and under0.00%0.00%$25.00
$2,500.00 - $24,999.990.05%0.05%$25.00
$25,000.00 - $49,999.990.05%0.05%$25.00
$50,000.00 - $249,999.990.05%0.05%$25.00
$250,000.00 - $999,999.990.05%0.05%$25.00
$1,000,000.00 and over0.05%0.05%$25.00
Freedom Savings Club Account
$2,499.99 and under0.00%0.00%$1.00
$2,500.00 - $24,999.990.05%0.05%$1.00
$25,000.00 - $49,999.990.05%0.05%$1.00
$50,000.00 - $249,999.990.05%0.05%$1.00
$250,000.00 - $999,999.990.05%0.05%$1.00
$1,000,000.00 and over0.05%0.05%$1.00

Find out more about Savings Accounts

All rates effective as of April 13, 2024

*Annual Percentage Yield (APY)
Rates may change after the account is opened. Fees may reduce earnings.