1. 800.788.4578
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800.788.4578
  1. Open Account
  2. Sign In

Personal Banking CDs

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  • Early Withdrawal Penalty—Withdrawals of the principal prior to maturity will incur a penalty unless withdrawn during the certificate grace period (for all certificates, except 15-Month Easy Access CD).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

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

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

Fixed-Rate IRA CD

Take advantage of tax benefits, with a fixed rate.

Details

Term6 months 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 IRA CD