Looking for a way to keep large deposits safe? Ask us about CDARS®.

With CDARS, you can receive up to $50 million in FDIC protection through Washington Trust. There are few guarantees in life - FDIC insurance is one of them. CDARS can be a valuable cash management or longer-term investment tool for you or your business.

Why CDARS?

It's one-stop shopping. With help from CDARS, you can access:

• Safety - Your money can receive up to $50 million in FDIC insurance coverage.
• Convenience - You work directly with us. You earn one interest rate and receive one regular statement. Individual investors receive one year-end tax form.
• Community Investment - The full value of your money can support lending opportunities in your local community.
• CD-Level Rates - Your money earns CD-level returns which may compare favorably with other investment alternatives, including Treasuries, corporate sweep accounts, and money market funds.

How does CDARS work?

How does it work? Washington Trust is a member of a unique network called CDARS. When you deposit a large amount with us, we place your funds into CDs issued by other Network Members. (This occurs in increments of less than $100,000 so that both principal and interest are eligible for complete FDIC protection.) Other banks in the network do the same thing with their customers' funds.

With help from a sophisticated matching system, network banks exchange deposits on a dollar-for-dollar basis. This allows Washington Trust to provide you with access up to $50 million in FDIC insurance with the convenience of one-stop banking. And as an added benefit, we can make the full amount of your deposit available for lending opportunities that build a stronger local community.

What else should I know?

Now, you no longer have to spend time managing multiple bank relationships, administering various interest rates, organizing interest disbursements from various sources, or manually consolidating monthly statements. This reduces your administrative burden, especially during tax and financial reporting seasons.

And with CDARS, you can eliminate the need to monitor changing collateral values - another time saving convenience.

Of course, your confidential account information remains protected.

Ask us about how CDARS can work for you the next time you visit one of our branches, or click here for more information.

Funds may be submitted for placement only after a depositor enters into the CDARS Deposit Placement Agreement with Washington Trust. The agreement contains important information and conditions regarding the placement of funds by us.

This benefit applies to some, but not all types of CDARS transactions. Let us know if this benefit is important to you, so that we can explain the relevant terms and conditions in more detail.

CDARS is a registered service mark of Promontory Interfinancial Network, LLC.