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

Savings & Money Market Accounts

Savings & Money Market Accounts

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.

No matter what account you choose—you get all this 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, along with online money management tools to help easily budget, save more money and track your finances.

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.

  • Minimum to open is $50.
  • Earns interest (see branch for current rates).
  • 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.
Additional product information and details for Simplicity Savings Apply Online

Preferred Money Market

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

  • Minimum to open is $500.
  • Earns interest (see branch for current rates).
  • Monthly service charge of $10 waived if the $3,000 average ledger balance2 requirement is met.
  • Free personalized checks.
Additional product information and details for Preferred Money Market Apply 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.

  • Minimum to open is $10,000.
  • Earns interest (see branch for current rates).
  • Monthly service charge of $15 waived if the $20,000 average ledger balance2 requirement is met.
  • Free personalized checks.
Additional product information and details for Signature Money Market Apply Online
  1. Minimum Ledger Balance: The lowest end of day balance in an account during a statement cycle; a certain minimum daily balance is often required with interest-bearing accounts to avoid a monthly maintenance fee.
  2. Average 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.
Simplicity SavingsPreferred Money Market FundSignature Money Market Fund
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.This money market account offers you our most competitive rate while still having easy access to your money. By maintaining higher balances, you are rewarded with a higher return on interest.
Earns Interest1YesYes. Tiered Rates2Yes. Tiered Rates2
Minimum Open$50$500$10,000
Monthly Service Charge$3.00$10.00$15.00
Balances Needed To Avoid Monthly Service ChargeMonthly service charge waived when the minimum ledger balance3 of $300 is maintained.Monthly service charge waived with $3,000 average ledger balance4 is maintained.Monthly service charge waived with $20,000 average ledger balance4 is maintained.
Monthly Service Charge Refund Option$3 monthly service charge refund if balance is met, or if the account is setup on combined statement.None at this time.None at this time.
Transaction Limits(*)You may be assessed an excess activity fee of $5 for each transaction that exceeds the number allowed within the statement cycle.You may be assessed an excess activity fee of $5 for each transaction that exceeds the number allowed within the statement cycle.You may be assessed an excess activity fee of $5 for each transaction that exceeds the number allowed within the statement cycle.
Other FeesUp to 75 items per statement cycle can be deposited into this account with no charge, thereafter, the charge is $.0.20 per item.
Apply OnlineApply OnlineApply Online

Transaction Limitations

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 including telephone transfers, online transfers, overdraft or minimum balance coverage, pre-authorized debits, point of sale purchases, and checks are limited to six withdrawals per calendar month or statement cycle (a period of at least four weeks). Your individual four-week period starts at the beginning of each statement cycle (if you receive statements monthly) or the calendar month (if you receive statements quarterly). We are required by law to ensure that you comply with this limit. If you exceed this limit after we have notified you of a violation, the Bank must change your account to discontinue the automatic services, close, or reclassify the account.

  1. Please refer to current rate sheet.
  2. Interest is calculated each day on the entire collected balance in the account, and the rate paid is determined by the tier.
  3. Minimum Ledger Balance is the lowest end of day balance in an account during a statement cycle; a certain minimum daily balance is often required with interest bearing accounts to avoid a monthly maintenance fee.
  4. Average 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.
Deposit Account Disclosures: Personal Products