Deposit Rates at Washington Trust
Promotional Certificates of Deposit*
| Promotional Product | Interest Rate | APY** | |
|---|---|---|---|
| 6-Month CD1 | 4.03% | 4.10% | |
| 11- Month Add-On CD2 | 3.60% | 3.75% | |
| 11-Month CD3 | 3.40% | 3.45% | |
| Choose Your Term (91D – 1YR)4 | 2.97% | 3.00% | |
| Choose Your Term (1YR – 3YR)5* | 3.46% | 3.50% | |
| 11-Month IRA Add-On CD6 | 3.60% | 3.75% |
* Washington Trust checking account is required. Offer available for new accounts 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 Offer is for a limited time only and may be withdrawn at any time.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.
** Annual Percentage Yield (APY)
1 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 Offer is for a limited time only and may be withdrawn at any time.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. On, or after, seven (7) days from the initial deposit or subsequent deposits, 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 fifty percent (50%) of the principal balance. Any amounts withdrawn greater than fifty percent (50%) of the principal balance will be subject to an early withdrawal penalty. Subsequent withdrawals from principal will be subject to all applicable early withdrawal penalties.
2 3.75% Annual Percentage Yield (APY) is effective as of 4/25/25. Offer available for new accounts opened with funds from sources other than Washington Trust. Washington Trust Checking account required. Freedom Ultra Checking account holders can use existing Washington Trust funds. Offer is for a limited time only and may be withdrawn at any time. No IRA, municipal or government funds. Minimum balance to open account is $500. Minimum balance to earn stated APY is $0.01. Unlimited Deposits - You may make unlimited deposits into your account before maturity. ACH, Incoming Wire Transfers, and ATM deposits are not allowed. CD withdrawals before maturity date will reduce the APY earned and early withdrawal penalties will be imposed. Fees may reduce earnings.
3 3.45% Annual Percentage Yield (APY) 11-month CD rate is effective as of 4/25/25. Offer available for new accounts opened with funds from sources other than Washington Trust. Offer is for a limited time only and may be withdrawn at any time. No IRA, 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.
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. Only Ultra Checking account holders can use existing funds currently held on deposit with Washington Trust.
6 3.75% Annual Percentage Yield (APY) is effective as of 4/25/25. Offer available for new accounts opened with Individual Retirement Account (IRA) funds from sources other than Washington Trust. A Washington Trust checking account is required.
Additionally, you may make one deposit (contribution) of funds into the IRA CD before maturity. The contribution can be made by an Incoming Wire Transfer or Check. 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.
Checking & Savings Accounts
| Product | Interest Rate | APY* |
|---|---|---|
| Simply Free Checking (Min. to Open the Account: $25.00) | ||
| $4,999.99 and under | 0.00% | 0.00% |
| $5,000.00 and over | 0.01% | 0.01% |
| Freedom Checking (Min. to Open the Account: $25.00) | ||
| $4,999.99 and under | 0.00% | 0.00% |
| $5,000.00 and over | 0.01% | 0.01% |
| Freedom Plus Checking (Min. to Open the Account: $25.00) | ||
| $1,499.99 and under | 0.00% | 0.00% |
| $1,500.00 and over | 0.05% | 0.05% |
| Freedom Ultra Checking (Min. to Open the Account: $25.00) | ||
| Under $1,499.99 | 0.00% | 0.00% |
| $1,500.00 - $9,999.99 | 0.10% | 0.10% |
| $10,000.00 - $24,999.99 | 0.10% | 0.10% |
| $25,000.00 - $49,999.99 | 0.10% | 0.10% |
| $50,000.00 - $99,999.99 | 0.10% | 0.10% |
| $100,000.00 and over | 0.10% | 0.10% |
| Freedom Statement Savings (Min. to Open the Account: $25.00) | ||
| $2,499.99 and under | 0.00% | 0.00% |
| $2,500.00 - $24,999.99 | 0.05% | 0.05% |
| $25,000.00 - $49,999.99 | 0.05% | 0.05% |
| $50,000.00 - $249,999.99 | 0.05% | 0.05% |
| $250,000.00 - $999,999,99 | 0.05% | 0.05% |
| $1,000,000.00 and over | 0.05% | 0.05% |
| High-Rate Savings Account (Min. to Open the Account: $25.00) | ||
| $2,499.99 and under | 2.32% | 2.35% |
| $2,500.00 - $24,999.99 | 2.47% | 2.50% |
| $25,000.00 - $49,999.99 | 2.56% | 2.60% |
| $50,000.00 - $249,999.99 | 3.68% | 3.75% |
| $250,000.00 or greater | 3.78% | 3.85% |
*Annual Percentage Yield
Rates may change after the account is opened. Fees may reduce earnings.