WASHINGTON TRUST

Truth in Savings Disclosure

SIMPLY FREE ACCOUNT

Rate information - Your interest rate and annual percentage yield may change.

Frequency of rate changes - We may change the interest rate and annual percentage yield on your account at any time.

Determination of rate - At our discretion, we may change the interest rate on your account.

Compounding and crediting frequency - Interest will be compounded monthly. Interest will be credited monthly.

Effect of closing an account - If you close your account before interest is credited; you will not receive the accrued interest.

Minimum balance to open the account - $25.00 to open this account.

Daily balance computation method - We use the daily balance method to calculate the interest on your account. This method applies a daily periodic rate to the principal in the account each day.

Accrual of interest on non-cash deposits - Interest begins to accrue no later than the business day we receive credit for the deposit of non-cash items (for example, checks).

Overdraft Privilege Services - Overdraft Privilege Services, including Standard and Extended Overdraft coverage do not apply. We may decline or return transactions that would result in an overdraft. If we decline or return transactions, we will not assess your account with an overdraft fee. However, payees or merchants may still charge a fee. Certain transactions or account activity may result in a negative balance. If any transactions that you make causes your account to be overdrawn, we will not assess your account with an overdraft fee. For example, if you add a tip to a transaction after we have approved the transaction without the tip, or you issue a bill payment, and the funds are not available when the payment is debited.

Transaction Limitations - Checks are not allowed on this account. You cannot write checks against the account (including starter checks, temporary checks, or personal checks ordered from a third party). Any checks written on this account will be returned unpaid, even if there's enough money in the account to cover the payment. When a payee or merchant uses your account number and routing number to process a payment as a check, that transaction will be declined, and the payee or merchant may charge you a fee for the return. References in the Consumer Terms and

Conditions of Your Account to check-writing capabilities do not apply to the Simply Free account. We reserve the right to convert your Simply Free account to a Washington Trust account with check writing capabilities should checks be presented to this account.

Account changes - If you switch from a Washington Trust account that included Overdraft Privilege Services, those services will be removed from your Simply Free account no later than the end of the next business day. Any fees (for example, overdraft fees) resulting from account activity made or authorized prior to conversion may post to the account after conversion. If you switch to a Simply Free account, any outstanding check(s) presented on the account on or after the date of conversion will be returned unpaid. The payee may charge additional fees when the check is returned.

Rate information

Tier 1 - If your daily balance is $4,999.99 or less, the interest rate paid on the entire balance in your account will be 0.00% with an annual percentage yield of 0.00%.

Tier 2 - If your daily balance is $5,000.00 or greater, the interest rate paid on the entire balance in your account will be 0.01% with an annual percentage yield of 0.01%.

Member FDIC

Consumer Products TSD 03/2023