Featured Savings Rates
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Washington Trust Company

Popular Accounts at this Bank

0.90%5-year CD60 Month CD
0.10%1-year CD12 Month CD
0.05%SavingsFreedom Statement Savings

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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Reviews (2)

Horrendous Service

In the midst of trying to relocate we opened an account with WT. The bank placed a hold on the check for 5 working days to start. We then wanted to wire the rest of the funds which were a sizeable amount. We placed deposits on a vehicle for purchase in CT along with deposits on 2 homes. We went yo withdraw the original deposit to pay for the vehicle in full and the bank informed me the funds were still on hold. We requested to meet with the VP of the bank face to face but that meeting never came to furistion. A hold was placed for the wire transfer on my funds in Florida, not being taken off for 22 days. We then had enough of this bank....its horrific treatment of new clients and since started to bank with the Westerly Credit Union. They know our names and the service is impeccable. Do not bank with Washington Trust. Our lawyer will be advising us as what steps to take.

I Just Can't Believe It...

Posted by: Anonymous | Apr 10, 2012

After millions of dollars in business and years of banking with Washington Trust without any face to face meeting or anything a very rude manager who said they didn't care about whether I move my accounts to another bank. I encourage any and everyone to reconsider their banking relationship. I have since found a very personable bank and professional too I might add. I cannot imagine ever having another experience like I had with Washington Trust. I told my attorney about it and they were just shocked.


Health Grade Components

FDIC Certificate #23623
Year Established1800
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.07%
Return on Equity - YTD11.34%
Annual Interest Income$36.9MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$4.39B$3.84B
LoansQ1 2017vs Q1 2016$3.22B$3.04B
DepositsQ1 2017vs Q1 2016$3.12B$2.88B
Equity CapitalQ1 2017vs Q1 2016$418.4MM$402.9MM
Loan Loss AllowanceQ1 2017vs Q1 2016$26.4MM$26.1MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$22.0MM$17.4MM
Real Estate OwnedQ1 2017vs Q1 2016$1.3MM$1.3MM
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* 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

0.05%$2,500-Freedom Statement Savings
0.05%$2,500-Freedom Savings Club Account

Washington Trust Company Money Market Rates

0.10%--Personal Money Market Account

Washington Trust Company Checking Account Rates

0.05%$1,500-Freedom Plus Checking
0.01%$5k-Freedom Checking

Washington Trust Company CD Rates

1.15%$500-60 Month Freedom Plus CD
1.00%$500-48 Month Freedom Plus CD
1.00%$2,500-1 Year Promotional CD
0.90%$500-60 Month CD
0.75%$500-48 Month CD
0.75%$500-36 Month Freedom Plus CD
0.60%$500-24 Month Freedom Plus CD
0.50%$500-36 Month CD
0.50%$500-18 Month Freedom Plus CD
0.35%$500-24 Month CD
0.35%$500-91 Day Freedom Plus CD
0.35%$500-6 Month Freedom Plus CD
0.35%$500-12 Month Freedom Plus CD
0.25%$500-18 Month CD
0.10%$500-91 Day CD
0.10%$500-6 Month CD
0.10%$500-12 Month CD

Washington Trust Company has 21 locations. Click to view all Washington Trust Company locations.