Fixed-Rate CD

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

  • From 90 days to 5 years
  • $500
  • Additional deposits allowed only at time of renewal.
Additional Product Information & Details

Interest Rates:

Rates effective as of 04/24/2024.

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%
  • Fees could reduce earnings.
  • A penalty may be imposed for early withdrawal.

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  • Early Withdrawal Penalty - Withdrawals of the principal prior to maturity will incur a penalty unless withdrawn during the certificate grace period.