CDs

A Washington Savings Bank CD is an effective way for businesses to invest money for the future.

Certificates of Deposit

Certificates of Deposit Programs

We have two Certificates of Deposit Programs. You can decide either to have your interest paid to you each month, or to receive the benefits of the power of compounding by reinvesting interest throughout the term of the CD.

• The Quarterly Compounding CD requires that interest remain in the account to be reinvested through maturity, while allowing one penalty-free withdrawal of interest per year. This program has two options:
  • An opening minimum of $500, or
  • A minimum $10,000 balance to open the CD and obtain the Annual Percentage Yield (APY)
• The Monthly Earnings Disbursed CD pays the interest to the owner in the form of check or transfer every month. This program requires
  • a $10,000 minimum to open and to obtain the APY.

For current CD Rates, call 1-800-848-5990 at any time.