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  • Early Withdrawal Penalty—Withdrawals of the principal prior to maturity will incur a penalty unless withdrawn during the certificate grace period.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.

Fixed-Rate CD

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

Details

Fixed-Rate CD details
Term90 days to 5 years
Minimum deposit to open$500
Interest rateRate fixed for full term. Compounds daily.
Special featuresAdditional deposits allowed only at renewal.
Additional product information and details for Fixed-Rate CD

Jumbo Fixed-Rate CD

A traditional time deposit offering our best rates.

Details

Jumbo Fixed-Rate CD details
Term7 days to 5 years
Minimum deposit to open$100,000
Interest rateRate fixed for full term. Compounds daily.
Special featuresAdditional deposits allowed only at renewal.
Additional product information and details for Jumbo Fixed-Rate CD

Rates effective as of 04/24/2024.

Fixed Rate Certificates

list of current rates
Minimum Balance to Obtain Annual Percentage YieldTermInterest RateAPY
$5003 Month4.25%4.34%
$5006 Month4.65%4.76%
$5009 Month4.50%4.60%
$50012 Month3.25%3.30%
$50015 Month3.00%3.05%
$50018 Month1.14%1.15%
$50024 Month1.13%1.14%
$50036 Month1.11%1.12%
$50048 Month1.09%1.10%
$50060 Month1.07%1.08%

Rates effective as of 04/24/2024.

list of current rates
Minimum Balance to Obtain Annual Percentage YieldTermInterest RateAPY
$100,0007 Day0.17%0.17%
$100,00030 Day0.75%0.75%
$100,00060 Day0.80%0.80%
$100,0003 Month4.25%4.34%
$100,0006 Month4.65%4.76%
$100,0009 Month4.50%4.60%
$100,00012 Month3.50%3.56%
$100,00024 Month1.35%1.36%
$100,00036 Month1.34%1.35%
$100,00048 Month1.31%1.32%
$100,00060 Month1.28%1.29%