Small Business Savings

Savings accounts for growing businesses to maintain liquidity. 

Savings that grow with your business.

Growing businesses need to maintain a reasonable level of liquidity to help manage unexpected expenses and growth opportunities. Washington Trust Bank combines flexibility, accessibility, and security into its savings programs. All business savings and money market accounts include these benefits:

  • 24-hour account access from your computer, phone, or tablet with Business Digital Banking.
  • Automated telephone banking access to check balances, make a transfer, and check on previous transactions.
  • eStatements available through Business Digital Banking.
Have Questions?
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Explore savings accounts.

Review our business savings account options below and click the links for additional information.
Have questions? Visit a local branch to talk with a banker or call our Priority Service team at 800.788.4578.
Business Savings 

A convenient account that fits a variety of business savings needs.
Commercial Money Market
An easily accessed high-yield deposit account that allows you to get more from your business accounts. As your balance grows, so does the interest rate.
Premium Commercial Market Fund
An account with a high-performance combination of yield and accessibility. Our expansive tiered interest rate structure allows your business to earn more as your balance grows.
Cash Management Money Market
An account with a high-performance combination of yield and accessibility. This account requires a $500,000 minimum deposit to open.

Which account is right for you?

Let's find the right account for your financial needs. Click the button to compare our business savings account options.

 Business Savings Commercial Money Market Account Premium Commercial Market Fund Cash Management Money Market

A convenient account that fits a variety of business savings needs. An easily accessed high-yield deposit account. As your balance grows, so does the interest rate. An account with a high-performance combination of yield and accessibility.
An account with a high-performance combination of yield and accessibility.

This account requires a $500,000 minimum deposit to open and is available to commercial customers only.
Earns Interest2 Yes. Yes- tiered rates.1 Yes- tiered rates.1 Yes- tiered rates.1
Available Features Access to Digital Banking services3.
Automatic funds transfer and sweep transfer set-ups.
 Access to Digital Banking services3.
Automatic funds transfer and sweep transfer set-ups.
 Access to Digital Banking services3.
Automatic funds transfer and sweep transfer set-ups.
 Access to Digital Banking services3.
Automatic funds transfer and sweep transfer set-ups.
Monthly Base Fee in Service Charge $3 $10 $25 $25
Balances Needed to Avoid Monthly Fees
Maintain a monthly minimum ledger balance4 of $350 or more to avoid the monthly service charge.

If the balance requirement is not met, but the savings account is combined with the monthly checking statement, a $3 service charge refund will be posted to the account.
 Maintain the average ledger balance5 of $1,500 or more to avoid the monthly service charge. Maintain the average ledger balance5 of $25,000 or more to avoid the monthly service charge.

Maintain the average ledger balance5 of $25,000 or more to avoid the monthly service charge.
Other Fees Up to 75 items per statement cycle can be deposited into the account with no charge, thereafter, the charge is $0.20 per item. Up to 75 items per statement cycle can be deposited into the account with no charge, thereafter, the charge is $0.25 per item. Up to 50 items per statement cycle can be deposited into the account with no charge, thereafter, the charge is $0.50 per item. Up to 50 items per statement cycle can be deposited into the account with no charge, thereafter, the charge is $0.50 per item.
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With more than 40 locations throughout Washington, Idaho, and Oregon, there’s a Washington Trust location near you with a team of bankers ready to serve.

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Important information:

  1. Interest is paid on all collected balances and compounded monthly, and the rate paid is determined by the tier.
  2. Please refer to current rate sheet.
  3. Some mobile service provider fees may apply.
  4. The lowest end-of-day balance in an account during a statement cycle.
  5. Average ledger balance is calculated by adding the balance in the account for each day of the statement period and dividing that figure by the number of days in the period.