Savings & Money Market Accounts
No matter what your savings dreams, we can help you get there—with a savings account from Washington Trust Bank. A 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.
Simplicity Savings
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.
Account Details
- Minimum to open is $50.
- Earns interest, .
- For monthly statements: A $3 service charge refund if a $300 minimum ledger balance1 is maintained or the account is combined with a checking account statement.
- For quarterly statements: A $3 monthly service charge will be assessed any month the daily ledger balance falls below $300.
- Up to 75 items per statement cycle can be deposited into this account with no charge; thereafter, the charge is $0.20 per item. Interest rates valid for opening accounts online.
Additional Simplicity Savings InformationPreferred Money Market
This money market account offers easy access to your money, and as your savings grow, so can your interest.
Account Details
- Minimum to open is $500.
- Earns interest, .
- Monthly service charge of $10 waived if the $3,000 average ledger balance2 requirement is met.
- Free personalized checks.
- Interest rates valid for opening accounts online.
Signature Money Market
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.
Account Details
- Minimum to open is $10,000.
- Earns interest, .
- Free personalized checks.
- Interest rates valid for opening accounts online.
No matter what account you choose — all of this is included:
- 24-hour access to your savings accounts through online banking and mobile banking.
- Automated telephone banking access to check balances, make a transfer and check on previous transactions. Call 800.788.4578.
- eStatements available through your online banking account.
Compare Accounts
For your convenience, we have created an account comparison chart that you can easily view and download.
Simplicity Savings Interest Rates
Interest rates valid for opening accounts online. Rates effective as of 03/20/2023.
Rates effective as of 03/20/2023.
| Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|
| $1 | 0.10% | 0.10% |
Rate may change after account is opened. Fees can reduce earnings.
Preferred Money Market Interest Rates
Interest rates valid for opening accounts online. Rates effective as of 03/20/2023.
Rates effective as of 03/20/2023.
| Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|
| $1 | 0.35% | 0.35% |
| $5,000 | 0.35% | 0.35% |
| $10,000 | 0.35% | 0.35% |
| $15,000 | 0.35% | 0.35% |
| $25,000 | 0.35% | 0.35% |
| $50,000 | 0.45% | 0.45% |
| $100,000 | 0.75% | 0.75% |
| $500,000 | 0.75% | 0.75% |
| $1,000,000 | 0.75% | 0.75% |
Rate may change after account is opened. Fees can reduce earnings.
Signature Money Market Interest Rates
Interest rates valid for opening accounts online. Rates effective as of 03/20/2023.
Rates effective as of 03/20/2023.
| Minimum Balance to Obtain Annual Percentage Yield | Interest Rate | APY |
|---|---|---|
| $1 | 0.35% | 0.35% |
| $10,000 | 0.35% | 0.35% |
| $20,000 | 0.35% | 0.35% |
| $50,000 | 0.45% | 0.45% |
| $100,000 | 0.75% | 0.75% |
| $500,000 | 1.00% | 1.01% |
| $1,000,000 | 2.00% | 2.02% |
| $3,000,000 | 2.50% | 2.53% |
| $5,000,000 | 2.75% | 2.79% |
Rate may change after account is opened. Fees can reduce earnings.
