$100 Checking Account Bonus
Nov 1, 2005 - 9:05 AM by Ken Tumin
Washington Trust Bank is offering $100 in bonuses for opening its Freedeom Checking account and using direct deposit and online bill payment. $50 of the bonus is for direct deposit and $50 is for paying 3 bills using online banking. The minimum balance to open the account is $50.
The Freedom Checking account has no monthly service charges. ATMs are free but there doesn't seem to be any reimbursement of surcharges for using ATMS of other banks. No interest is earned in the account except for balances over $5K although even then it's only 0.10%.
The rates on the other accounts are not much better than the checking. Even the money market accounts have rates under 1%. It's definitely a bank in which you would want to link the checking to an online bank like EmigrantDirect for savings. The only exception is the bank's promotional 9-month CD which has a respectable rate of 4.25% APY.
Washington Trust has branches through out Rhode Island and in eastern Connecticut.
The Freedom Checking account has no monthly service charges. ATMs are free but there doesn't seem to be any reimbursement of surcharges for using ATMS of other banks. No interest is earned in the account except for balances over $5K although even then it's only 0.10%.
The rates on the other accounts are not much better than the checking. Even the money market accounts have rates under 1%. It's definitely a bank in which you would want to link the checking to an online bank like EmigrantDirect for savings. The only exception is the bank's promotional 9-month CD which has a respectable rate of 4.25% APY.
Washington Trust has branches through out Rhode Island and in eastern Connecticut.
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