RateHerald

APY

0.01%

As of Nov 8, 2026. Rates are variable.

The Washington Trust Company, of Westerly · Checking account

The Washington Freedom Checking

−$60 a year for an everyday customer. $5 a month. $25 to open.

Checked Nov 8, 2026Updated

A year, everyday customer
−$60
APY
Monthly fee
To open

Against the market

How it ranks

#557of 1043 checking accounts, by a year’s value for an everyday customer

All 1043 checking accounts, ranked

Features

  • Budgeting tools
  • Check writing
  • Debit card
  • Interest bearing
  • Mobile check deposit
  • Mobile wallet
  • Online opening
  • Savings round ups
  • Zelle

From the bank’s own pages. A feature not listed may still be offered: we list only what the bank states.

Rates by balance

$0 to $4,999
0.00%
$5,000 and up
0.01%

The bank’s rates · as of Nov 8, 2026

In the bank’s words

Terms

Rate conditions

Balance needed for the APY
$5,000washtrust.com, checked Nov 8, 2026
To earn the APY
Two direct deposits from payroll, social security, pension, or other government benefits are required within 90 calendar days of the account opening datewashtrust.com, checked Nov 8, 2026

Fees

Monthly fee
$5 a monthwashtrust.com, checked Nov 8, 2026
Ways to avoid the monthly fee
Any one of these:
  • At least one direct deposit credited on a monthly basis is required to avoid a maintenance service charge fee. A direct deposit is defined as an ACH deposit such as payroll, social security, pension, or other government benefits to avoid monthly service charge of $5.00.
  • No fee will be assessed if Tax Reported Owner is 62 and older
washtrust.com, checked Nov 8, 2026
Minimum to open
$25washtrust.com, checked Nov 8, 2026

FDIC-insured, up to $250,000 per depositor, per ownership category: FDIC BankFind.

Rates and fees change; the bank’s own page is the final word. Report a mistake · How we make money · Not stated: 1 item counted at typical fees

See it on washtrust.com

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