Washington Trust Company
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 0.90% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.10% | 1-year CD | 12 Month CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.05% | Savings | Freedom Statement Savings 1.00% - Ally Bank Online Savings Account |
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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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...
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.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 23623 |
| Year Established | 1800 |
| Employees | 579 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.16% |
| Return on Equity - YTD | 11.07% |
| Annual Interest Income | $67.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $3.92B$3.64B |
| Loans | Q2 2016vs Q2 2015 | $3.09B$2.94B |
| Deposits | Q2 2016vs Q2 2015 | $2.79B$2.74B |
| Equity Capital | Q2 2016vs Q2 2015 | $410.3MM$376.9MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $25.8MM$27.6MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $17.2MM$15.1MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $1.5MM$1.4MM |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.05% | $2,500 | - | Freedom Statement Savings | |
| 0.05% | $2,500 | - | Freedom Savings Club Account |
Washington Trust Company Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | - | - | Personal Money Market Account |
Washington Trust Company Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.10% | $5k | - | eChecking | |
| 0.10% | $5k | - | Freedom Checking | |
| 0.05% | $1,500 | - | Freedom Plus Checking |
Washington Trust Company CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 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.