Certificates of Deposit

Promotional Offer

Earn a promotional relationship interest rate1 on a CD or IRA when you open any consumer checking account at Washington Trust Bank. Earn 2.20% APY2 for an 18 month CD or 2.00% APY for a 12 month CD.

 

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  • Early Withdrawal Penalty—Withdrawals of the principal prior to maturity will incur a penalty unless withdrawn during the certificate grace period (for all certificates, except 15-Month Easy Access CD).

Fixed Rate CD

For the investor who wants to lock in a guaranteed rate of return.

Details:

  • TERM
    From 90 days to 5 years
  • MINIMUM DEPOSIT TO OPEN
    $1,000
  • INTEREST RATE
    Rate fixed for full term. Compounds daily.
  • SPECIAL FEATURES
    Additional deposits allowed only at time of renewal.

Additional product information and details for Fixed Rate CD


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.

Additional product information and details for Jumbo Fixed Rate CD


Fixed Rate IRA CD

Take advantage of tax benefits, with a fixed rate.

Details:

  • TERM
    6 months to 5 years
  • MINIMUM DEPOSIT TO OPEN
    $1,000
  • INTEREST RATE
    Rate fixed for full term. Compounds daily.
  • SPECIAL FEATURES
    Additional deposits allowed only at renewal.

Additional product information and details for Fixed Rate IRA CD



1 *To qualify for the promotional relationship CD/IRA interest rate, you must have an active WTB consumer checking account. Relationship CD/IRA interest rates are available on the 18 Month CD at 2.18% Interest Rate 2.20% APY, or on the 12 Month CD at 1.98% Interest Rate, 2.00% APY. CD/IRAs without a checking account will receive the standard interest rate and APY, see current rate sheet at any WTB branch. Minumum deposit to open a fixed rate CD is $500, maximum deposit is $250,000. Minumum deposit to open a checking account is $50.
2 The Annual Percentage Yield (APY) stated is available beginning April 17, 2018 and can change at any time. The APY is based on monthly compounding of interest. Early withdrawal penalties may apply to withdrawals made at any time other than during the grace period. Penalties or fees may reduce earnings on an account.