So You Wanna Stash Some Cash at Washington Trust? Let's Talk CD Rates, Baby!
Looking to ditch the mattress under-the-bed strategy (because, hello, fire hazard!) and score some sweet interest on your hard-earned cash? Washington Trust Bank might be your saving grace (pun intended). But before you dive headfirst into a Certificate of Deposit (CD), let's crack open the vault on their CD rates and see if they're worth the jingle.
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| What Are The Cd Rates At Washington Trust Bank |
We got the Short-Term Fix:
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Need your money back sooner rather than later? Washington Trust has your back, dude. Their short-term CDs (think 3 to 6 months) are currently offering some pretty rad rates, like 4.25% APY for a 3-month CD and a whopping 4.65% APY for a 6-month CD. That's like watching your money do jumping jacks in your account – seriously, it's growing that fast! But there's a catch (there's always a catch, right?) – you can't touch that cash without facing some early withdrawal penalty fees. So, think of it like a financial time capsule – bury your treasure and reap the rewards later.
Looking for a Little More Commitment? We Got You Covered
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Maybe you're feeling a bit more serious about this whole savings thing. Washington Trust offers longer-term CDs (we're talking 18 to 48 months) with rates that are steadily climbing. Their 18-month CD comes in at a respectable 0.15% APY, while their 48-month CD boasts a more impressive 0.65% APY. Hey, it ain't knocking down the door, but it's a safe and steady way to grow your nest egg. Plus, the longer the term, the less likely you are to be tempted to raid your own piggy bank (or should we say, CD piggy bank?).
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Wait, There's More! The Special Edition
Washington Trust is feeling generous and offering a limited-time 6-month CD special with a fire rate of 5.00% APY. That's like finding a twenty in your old jeans. But this is a flash sale, people – so act fast if you don't want to miss out on this golden opportunity! Just remember, it's only for new deposits, so no double-dipping allowed.
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Alright, Alright, You've Sold Me. How Do I Get In on This CD Action?
Here are some FAQs to get you started:
- How to open a CD at Washington Trust? You can visit your local branch or open one online – it's totally up to you!
- How much do I need to open a CD? Minimum deposits vary depending on the CD type, but most start at a cool $500.
- Can I withdraw money early from my CD? Yes, but you'll likely face some early withdrawal penalty fees. So, make sure you choose a term you're comfortable with.
- What happens to my CD at maturity? Your CD will mature (fancy way of saying it reaches its end date) and you'll get your principal back plus all that sweet, sweet interest. You can then choose to withdraw your money or renew your CD for another term.
- Are CDs FDIC insured? Yes! Most CDs are FDIC insured, which means your money is insured up to $250,000 per depositor.
So, there you have it! The juicy details on Washington Trust's CD rates. Now go forth and conquer your savings goals!
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