Washington Trust Company

Overview / Commentary
23 Broad Street
Westerly, RI 02891

Founded in 1800, Washington Trust is the largest independent bank in Rhode Island and the oldest community bank in the nation. A state-chartered bank, Washington Trust offers a full range of financial services, including business banking, personal banking, and wealth management and trust services, through its offices located in Rhode Island, southeastern Connecticut and Massachusetts


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Health Grade Components

FDIC Certificate #23623
Year Established1800
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD10.58%
Annual Interest Income$242.7MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$7.18B$6.41B
LoansQ3 2023vs Q3 2022$5.58B$4.84B
DepositsQ3 2023vs Q3 2022$5.43B$5.08B
Equity CapitalQ3 2023vs Q3 2022$447MM$437.8MM
Loan Loss AllowanceQ3 2023vs Q3 2022$40.2MM$36.9MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$33.7MM$12.2MM
Real Estate OwnedQ3 2023vs Q3 2022$683K$0
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Always verify rates and promotions with the bank or credit union. We are not Washington Trust Company; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Washington Trust Company Savings Account Rates

3.00%*-$25kOnline High Rate Savings Special - New Money
OTHER TIERS: 0.05% $25k+
0.05%$2.5k-Freedom Statement Savings
0.05%$2.5k-Freedom Savings Club Account

Washington Trust Company Money Market Rates

0.10%$2.5k-Personal Money Market Account

Washington Trust Company Checking Account Rates

0.10%$1.5k-Freedom Ultra Checking
0.05%$1.5k-Freedom Plus Checking
0.01%$5k-Freedom Checking
0.01%$5k-Simply Free Checking

Washington Trust Company CD Rates

5.00%--6 Month CD Special - New Money
4.00%--20 Month Online CD Special - New Money
3.50%--1 Year - 5 Year Choose your Term CD Special - New Money
3.00%--91 Day - 1 Year Choose your Term CD Special - New Money
0.75%--60 Month CD
0.65%--48 Month CD
0.45%--36 Month CD
0.20%--24 Month CD
0.15%--18 Month CD
0.10%--91 Day CD
0.10%--6 Month CD
0.10%--12 Month CD


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