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Savings and Money Market Accounts

Savings and Money Market Accounts

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 access to accounts through online banking and mobile banking.
  • Automated telephone banking access to check balances, make a transfer and check on previous transactions.
  • eStatements available through online banking account, along with online money management tools to help customers easily budget, save more money and track finances.

Business Savings

A convenient account that fits a variety of business savings needs.

Additional product information and details for Business Savings

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.

Additional product information and details for Commercial Money Market

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.

Additional product information and details for Premium Commercial Money Market

Cash Management Money Market

An account with a high performance combination of yield and accessibility. This account requires a $500,000 minimum to open.

Additional product information and details for Cash Management Money Market
Business SavingsCommercial Money Market AccountPremium Commercial Market FundCash 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 to open and is available to commercial customers only.
Earns Interest3YesYes. Tiered Rates1Yes. Tiered Rates1Yes. Tiered Rates1
Available Features
  • WTB Online & WTB Mobile4 with iPad app.
  • Automatic funds transfer and sweep transfer set-ups.2
  • WTB Online & WTB Mobile4 with iPad app.
  • Automatic funds transfer and sweep transfer set-ups.2
  • WTB Online & WTB Mobile4 with iPad app.
  • Automatic funds transfer and sweep transfer set-ups.2
  • WTB Online & WTB Mobile4 with iPad app.
  • Automatic funds transfer and sweep transfer set-ups.2
Monthly Base Fee In Service Charge$3.00$10.00$25.00$25.00
Balances Needed To Avoid Monthly Fees

Maintain a monthly minimum ledger balance5 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 $3.00 service charge refund will be posted to the account.

Maintain the average ledger balance6 of $1,500 or more to avoid the monthly service charge.Maintain the average ledger balance6 of $25,000 or more to avoid the monthly service charge.The monthly service charge will be waived if the average ledger balance6 of $25,000 or more is maintained each statement period.
Other FeesUp 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.
Limitation of AccountTransaction limitation2 fee applies.Transaction limitation2 fee applies.Transaction limitation2 fee applies.Transaction limitation2 fee applies.
  1. Interest is paid on all collected balances and compounded monthly, and the rate paid is determined by the tier.
  2. Transaction Limitation: If the number of withdrawals exceeds the number allowed, a $5.00 fee will be assessed for each transaction that exceeds the limit. Transfers and/or withdrawals from your money market or savings account conducted in person at any branch, by mail or by ATM are unlimited. All other transfers including telephone transfers, online transfers, overdraft or minimum balance protection, pre-authorized debits, point-of-sale purchases, and checks are limited to six withdrawals per calendar month or statement cycle (a period of at least four weeks.) Your individual four-week period starts at the beginning of each statement cycle (if you receive statements monthly) or the calendar month (if you receive statements quarterly.) If these federally regulated limits are exceeded three (3) times within a (6) six-month period, the Bank must discontinue the automatic services, close, or reclassify the account.
  3. Please refer to current rate sheet.
  4. Some mobile service provider fees may apply.
  5. The lowest end-of-day balance in an account during a statement cycle.
  6. Average daily 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.