Certificates of Deposit
Your Washington Trust Bank CD Includes:
- Automatic Renewal—All of our CDs automatically renew (unless designated otherwise), so you can be assured your money is always working for you—earning interest.
- Interest Payment Options—Choose to have the interest reinvested in your CD or to take periodic payments set to monthly, quarterly, semi-annual or annual schedules. Periodic interest payments may be transferred to your Washington Trust Bank account or to the owner's account at another financial institution (IRA payouts occur only when the customer reaches 59 1/2). By allowing interest to reinvest in your account, your CD earns the quoted annual percentage rate. Your changes to interest payment options during the CD term will affect your annual percentage yield.
- FDIC Insured—All deposits are insured by the FDIC up to the standard insurance amount of $250,000 per depositor, for each account ownership category.
- Early Withdrawal Penalty—Withdrawals of the principal prior to maturity will incur a penalty unless withdrawn during the certificate grace period.
- Interest rates valid for opening accounts online.
Rates effective as of 09/13/2024.
Fixed Rate Certificates
| Minimum Balance to Obtain Annual Percentage Yield | Term | Interest Rate | APY |
|---|---|---|---|
| $500 | 3 Month | 4.25% | 4.34% |
| $500 | 6 Month | 4.65% | 4.76% |
| $500 | 9 Month | 4.50% | 4.60% |
| $500 | 12 Month | 4.25% | 4.34% |
| $500 | 15 Month | 4.15% | 4.24% |
| $500 | 18 Month | 1.14% | 1.15% |
| $500 | 24 Month | 1.13% | 1.14% |
| $500 | 36 Month | 1.11% | 1.12% |
| $500 | 48 Month | 1.09% | 1.10% |
| $500 | 60 Month | 1.07% | 1.08% |
Fixed-Rate CD
For the investor who wants to lock in a guaranteed rate of return.
Details
| Term | 90 days to 5 years |
|---|---|
| Minimum deposit to open | $500 |
| Interest rate | Rate fixed for full term. Compounds daily. |
| Special features | Additional deposits allowed only at renewal. |
Jumbo Fixed-Rate CD
A traditional time deposit offering our best rates.
Details
| Term | 7 days to 5 years |
|---|---|
| Minimum deposit to open | $100,000 |
| Interest rate | Rate fixed for full term. Compounds daily. |
| Special features | Additional deposits allowed only at renewal. |
Rates effective as of 09/13/2024.
| Minimum Balance to Obtain Annual Percentage Yield | Term | Interest Rate | APY |
|---|---|---|---|
| $100,000 | 7 Day | 0.17% | 0.17% |
| $100,000 | 30 Day | 0.75% | 0.75% |
| $100,000 | 60 Day | 0.80% | 0.80% |
| $100,000 | 3 Month | 4.25% | 4.34% |
| $100,000 | 6 Month | 4.65% | 4.76% |
| $100,000 | 9 Month | 4.50% | 4.60% |
| $100,000 | 12 Month | 4.25% | 4.34% |
| $100,000 | 24 Month | 1.35% | 1.36% |
| $100,000 | 36 Month | 1.34% | 1.35% |
| $100,000 | 48 Month | 1.31% | 1.32% |
| $100,000 | 60 Month | 1.28% | 1.29% |
