Deposit Rates at Washington Trust
Promotional Certificates of Deposit*
| Promotional Product | Interest Rate | APY** | |
|---|---|---|---|
| 225 Day Fixed-Rate CD1 | 4.18% | 4.25% |
|
| 11-Month CD2 | 3.94% | 4.00% | |
| Choose Your Term (91D – 1YR)3 | 2.97% | 3.00% | |
| Choose Your Term (1YR – 3YR)4* | 3.46% | 3.50% |
* 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 Offer is for a limited time only and may be withdrawn at any time.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 Annual Percentage Yield (APY) is effective as of 8/1/25. Offer available for new accounts opened with funds from sources other than Washington Trust. Washington Trust Checking account require with a minimum balance of $2,500 at time of CD opening. Offer is for a limited time only and may be withdrawn at any time. Freedom Ultra Checking account holders can use existing Washington Trust funds. 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.
2 Annual Percentage Yield (APY) is effective as of 8/1/2025. Washington Trust checking account is required. Offer available for new accounts opened with funds from sources other than Washington Trust. Freedom Ultra Checking account holders, opening an account in a branch, may use existing Washington Trust funds. Offer is for a limited time only and may be withdrawn at any time.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.
3 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 Offer is for a limited time only and may be withdrawn at any time.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.
4 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.
Rate Selection for 1-Year “Choose Your Term” CD: If the term selection is 365 days, you will receive the higher of the two disclosed “Choose Your Term” CD rates/annual percentage yields available at the time of account opening.
Certificates of Deposit
| Product* | Interest Rate | APY** |
|---|---|---|
| 91 Days | 1.09% | 1.10% |
| 6 Months | 1.09% | 1.10% |
| 12 Months | 1.09% | 1.10% |
| 18 Months | 1.14% | 1.15% |
| 2 Years | 1.19% | 1.20% |
| 3 Years | 1.44% | 1.45% |
| 4 Years | 1.63% | 1.65% |
| 5 Years | 1.73% | 1.75% |
Freedom Plus Checking customers receive an extra 0.25% APY on the above rates.
*Minimum balance to earn stated APY $.01. Minimum deposit to open account is $500.00. CD withdrawals before maturity date will reduce the APY earned and early withdrawal penalties will be imposed. Fees may reduce earnings.
**Annual Percentage Yield
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: $25,000.00, if Freedom Ultra Checking holder $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 | 3.59% | 3.65% |
| $250,000.00 or greater | 3.68% | 3.75% |
*Annual Percentage Yield
Rates may change after the account is opened. Fees may reduce earnings.
** Annual Percentage Yield (APY) is effective as of 8/1/2025. The APY is subject to change at any time without notice. Minimum balance to open account is $25,000.00 of non-Washington Trust funds unless a Freedom Ultra Checking account holder then account can be opened with a minimum of $25.00 and may be existing funds. Offer is for a limited time only and may be withdrawn at any time. No municipal or government funds. One account per tax reported owner only. Fees may reduce earnings.