Washington Trust Bank

No matter what your savings dreams, we can help you get there—with a Savings Account from Washington Trust Bank. Your new savings account is a great way for you to start saving your money today. Just pick the savings account that best fits your lifestyle.

ACCOUNT FEATURES SIMPLICITY SAVINGS ACCOUNT PREFERRED MONEY MARKET ACCOUNT SIGNATURE MONEY MARKET ACCOUNT
Minimum to Open

$50

$1,000

$10,000

Earns Interest

yes

yes

yes

Monthly Statements*

yes

yes

yes

Free Personalized Checks

N/A

yes

yes

Free Online Banking

yes

yes

yes

Free Money Management Tools (i.e. FinanceWorks)

yes

yes

yes

Free Mobile Banking

yes

yes

yes

Free eStatements

yes

yes

yes

Free Automated Telephone Banking

yes

yes

yes

OPEN YOUR ACCOUNT
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OPEN ONLINE
OPEN ONLINE

This basic savings account offers a hassle-free savings option with easy access. This is a great starter account and also a good way to have overdraft coverage for your checking account.

  • Minimum to open is $50.
  • Earns interest. (see branch for current rates.)
  • For monthly statements: When combined with monthly checking statement, a $2 credit will be applied to your account. Otherwise a $2 monthly service charge will be assessed when the daily ledger balance1 falls below $350.
  • For quarterly statements: A $2 monthly service charge will be assessed any month the daily ledger1 balance falls below $350.
  • Up to 75 items per statement cycle can be deposited into this account with no charge; thereafter, the charge is $0.20 per item.
Open Simplicity Savings Online

 

1. Daily ledger balance is the balance of the account as of end of day.

This money market account offers easy access to your money and, as your savings grow, so can your interest.

  • Minimum to open is $1,000.
  • Earns interest. (see branch for current rates.)
  • Monthly service charge waived if $3,000 average daily ledger balance1 is maintained; otherwise $10.
  • Free personalized checks.
Open Preferred Money Market Account Online

 

1. Average daily ledger balance is calculated by adding the balance in the account for each day of the statement period and dividing that figure by the number of days in the period.

With this money market account you will enjoy a competitive rate while still having easy access to your money. By simply maintaining higher balances, you are rewarded with a higher return on interest.

  • Minimum to open is $10,000.
  • Earns interest. (see branch for current rates.)
  • Monthly service charge waived if $20,000 average daily ledger balance1 is maintained; otherwise $15.
  • Free personalized checks.
Open Signature Money Market Account Online

 

1. Average daily ledger balance is calculated by adding the balance in the account for each day of the statement period and dividing that figure by the number of days in the period.

Transfers and/or withdrawals from your money market or savings account conducted in person at any branch, by mail or by ATM are unlimited.

All other transfers are limited1 by federal regulations to six (6) withdrawals per calendar month or statement cycle (or similar period) of at least four weeks in combination of:

  • Telephone Transfers
  • Online Transfers
  • Overdraft or Minimum Balance Protection
  • Preauthorized Debits
  • Point of Sale Purchases
  • Checks

1. If those limits are exceeded, an excessive savings transaction charge of $15 will be assessed; if you exceed the limits three (3) times within a six (6) month period, the Bank must discontinue the automatic services, close or reclassify the account.