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High Yield Checking

Make your checking account work harder for you.

Our high yield checking account combines flexible everyday banking with the opportunity to earn interest on qualifying balances. Manage purchases, transfers, direct deposits, and bill payments while benefiting from a competitive annual percentage yield (APY).

Whether you're looking for a primary checking account or a smarter place to keep larger balances, High Yield Checking offers convenient tools, digital access, and the flexibility to bank on your schedule.

 
 

High Yield Checking Account Rates

APY

3.30%

On balances up to $10,000.
See more.

Interest Rate

3.25%

On balances up to $10,000.
See more.






 

Why choose our high yield checking account?

A high interest checking account gives you the flexibility of traditional checking with the added benefit of earning interest. Instead of keeping money in a standard account with low returns, use a high yield checking account. Eligible balances earn a higher interest rate and stay available for daily spending. 
Earn while maintaining flexibility. 
Build interest while keeping convenient access to your money for purchases, transfers, and everyday spending.

Free debit card with every checking account.
Use your Visa® debit card for purchases, ATM access, digital wallets, and everyday debit card transactions.

Open your checking account with $50.
Get started with a low opening deposit and manage your account online or in branch.

Online and mobile banking access.
Access your account through online banking, mobile deposit, transfers, and bill pay tools.

Secure checking account with fraud protection.
Monitor activity and help protect your account with fraud prevention and security features.

Deposit checks anytime with mobile deposit.
Use mobile deposit to securely add checking to your account without visiting a branch.



















Which checking account is right for you?

Let's find the right account for your financial needs.
Click the button to compare our personal checking account options.
 
  Simplicity1 Student7 High Yield8 Preferred1 Signature1
Details Our free checking with no monthly service charge, no per-check charges and no monthly minimum balance requirements. Designed to empower teens with smart money skills, our Student Checking account comes with a free debit card and no monthly service charge or minimum balance requirements. High Yield Checking offers a higher interest rate on the first $10K in the account.
Interest-earning checking
with special benefits, discounts, and services.
 Checking with highest level of special benefits, discounts, services, and competitive rates.
Earns Interest No. No. Offers a higher interest rate on the first 10K in the account. See rate sheet for current rates. Tiered rates. See rate sheet for current rates and tiers. Tiered rates. See rate sheet for current rates and tiers.
Monthly Base Fee/Service Charge $0 $0 $12.50 $8 $20
Minimum Balance
Requirements
 None. None. Monthly service charge waived with $1,000 minimum ledger balance.3 Monthly service charge waived with $2,500 minimum ledger balance.3 Monthly service charge refunded with $15,000 minimum ledger balance between checking, savings, money market deposit accounts and CDs/IRAs.5
ATM Benefits/Fees
WTB and MoneyPass ATMs – $0.00
Other ATMs – $2.50
WTB and MoneyPass ATMs – $0.00
Other ATMs – $2.50
WTB and MoneyPass ATMs - $0.00 Other ATMs - $2.50
WTB and MoneyPass ATMs – $0.00
Other ATMs – $2.50
(Two at no charge per calendar month.)
WTB and MoneyPass ATMs – $0.00
Other ATMs – $2.50
(Five at no charge per calendar month.)
Overdraft
Courtesy Refund
 No. No. No. One per calendar quarter (Up to $60 value annually.)2 One per calendar quarter (Up to $60 value annually.)2
Overdraft Protection/
Transfer of Funds
 See the standard overdraft practices disclosure, personal deposit account disclosures and limits and fees disclosure for details. Ineligible. See the personal deposit account disclosures and limits and fees disclosure for details. See the standard overdraft practices disclosure, personal deposit account disclosures and limits and fees disclosure for details. See the standard overdraft practices disclosure, personal deposit account disclosures and limits and fees disclosure for details. See the standard overdraft practices disclosure, personal deposit account disclosures and limits and fees disclosure for details.





Benefits of a high yield checking account.

A high-yield checking account can be a smart choice for customers with higher balances. It offers flexibility and the chance to earn more.
An arrow curving around a dollar sign
Earns interest on qualifying balances.
Hand with a coin floating above it
Access your money when needed.
computer screen
Use online and mobile banking tools.
two hands exchanging a coin
Simplify spending and bill payments.
three vertical slider dials
Avoid transferring money between separate accounts for daily use.
a clipboard with graphs
Manage checking and savings account goals together.

30s couple looking at their finances on their laptop at their kitchen table

How to open a high yield checking account.

Opening an account is simple and easy.
To get started, you'll need:
 
  • A valid government-issued ID.
  • Contact information.
  • Social Security number or Tax ID.
  • Minimum opening deposit.
  • U.S. residential address.
Accounts can be opened online or at a branch location.
 
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Designed for everyday banking needs.

Whether you're paying bills, making purchases, or managing household expenses, this account supports daily spending. It also helps eligible balances earn a higher rate.
 
Customers often use high yield checking for:

  • Payroll direct deposit.
  • Household expenses.
  • Emergency funds with easy access.
  • Everyday debit card transactions.
  • Combined checking and savings account management.

High Yield Checking Rates

Effective Date: 5/27/2026
Minimum Balance to Obtain Annual Percentage Yield Interest Rate APY
$1 - $10,000.99 3.25% 3.30%
$10,001 and above 0.20% 0.20%
APY = Annual Percentage Yield.
Interest is posted monthly.
 
Rates may change after account is opened. Fees can reduce earnings. 
High Yield Checking Accounts are tiered rate accounts. For these accounts, the interest rate applicable to a particular balance tier will apply only to the portion of the daily balance that is within the balance range for that tier. Terms and conditions to earn the High Yield Checking rates apply, please see the High Yield Checking account disclosure for more information.
Right in your neighborhood

Connect with your local banking team.

With over 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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Frequently Asked Questions

Questions and answers about Washington Trust Bank's High Yield Checking account. Have a question that's not answered here? Give our Priority Service Team a call at 800.788.4578.

A high yield checking account is a checking account that earns interest on qualifying balances. It still supports everyday banking like purchases, transfers, direct deposit, and online bill pay.

This account allows eligible balances to earn a competitive annual percentage yield APY while providing access to digital banking tools, debit card access, ATM withdrawals, and mobile banking.

For customers who maintain larger balances, a high yield checking account may provide more earning potential than a traditional checking account while maintaining flexible access to funds.

Yes. Your account includes a debit card for purchases, ATM withdrawals, debit card transactions, and digital wallet use.

Yes. Customers can access online banking, mobile banking, mobile deposit, transfers, and bill pay tools.

Certain interest tiers or APY qualifications may depend on the average daily balance maintained in the account. Review current account disclosures for complete details.

Many accounts can be opened in minutes online or at a branch. Verification timelines may vary depending on application requirements and business days needed for processing.

A high yield checking account is intended for daily spending and transactions, while high yield savings accounts are generally designed for saving money over longer periods with fewer transactions.
















Explore additional 
banking solutions.

Your financial needs may evolve. In addition to High Yield Checking, you may also want to explore:

Savings Accounts


Build emergency savings or plan for future expenses with flexible savings options.

 

Savings Accounts

Certificate of Deposit (CD) Accounts


Lock in a fixed rate for a set term and grow savings over time.

 

View CD Accounts

Personal Banking


Access additional banking tools, lending products, and digital banking solutions.

 

Personal Banking









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Important information:
1. Charges for other services may apply, such as overdraft fees or ATM fees. $50 minimum required to open. See the personal deposit account and truth-in-savings disclosures for full terms and conditions. All accounts are FDIC insured within FDIC limits.

2. Overdraft courtesy refund: We may charge a fee of $15 for each item paid causing an overdraft. A fee may be imposed for overdrafts created by check, in-person withdrawal, ATM withdrawal, or other electronic means. Overdrafts are due immediately. We may not pay overdrafts at our discretion. After the end of each calendar quarter a $15 Paid Overdraft/Returned Item Fee refund will be credited back to the account if an overdraft occurrence was charged to the account during that quarter.

3. Minimum ledger balance: The lowest end of day balance in an account during a statement cycle. A certain minimum daily balance is often required with interest-bearing accounts to avoid a monthly maintenance fee.

4. Prior month's minimum ledger balance: The balance based on the prior month's lowest daily balances of the account(s) during the 30-day statement period.

5. High Yield Checking accounts have a limit of one account per primary owner.