Summer e-News

Enter our "Summertime in Rhode Island" Photo Contest!

Share your favorite Rhode Island summer photo, and you could win a gift basket full of Rhode Island treasures ($100 value). Share a recent photo, or a favorite from the past! Any Rhode Island summertime shot will do, whether it’s from the 1900s or just last week… the choice is yours!

Each week from August 1st-27th we will select a "judges’ favorite" and award the winner. Click here to enter!

Basic FDIC Insurance Coverage Permanently Increased to $250,000 Per Depositor.

President Barack Obama recently signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000.

The standard maximum insurance amount had been temporarily raised from $100,000 to $250,000 until December 31, 2013. The new higher level is now permanent. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

To see if your deposit accounts are fully protected, visit the FDIC’s website and use their "Electronic Deposit Insurance Estimator" (EDIE), an interactive service that allows you to quickly and easily check whether your accounts have full FDIC insurance.

For more information on deposit insurance, please contact us, or visit the FDIC’s website (www.fdic.gov). You can also call the FDIC at their toll-free number at 1-877-ASK-FDIC, Monday through Friday from 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.

Do you need added FDIC insurance on your deposits? Consider CDARs.

In today’s economic environment, more and more consumers are concerned about the safety of their deposits. Washington Trust has a solution that is perfect for many depositors: we are part of the CDARS (Certificate of Deposit Account Registry Service) …a program that provides depositors with access of up to $50 million in FDIC insurance.

One Bank, One Statement, Competitive Rates, Peace of Mind
Here are some of the benefits of CDARS:

• You bank directly with us, sign one agreement, earn one interest rate, and receive one regular statement.
• You do not need to enter into multiple rate negotiations, track maturing CDs from numerous banks, or organize various interest disbursements.
• Your CDARS deposits earn competitive CD-level rates, favorable with Treasuries, sweep accounts, and money market funds.

To learn more about how the CDARS program works, click here. If you would like to speak with a Washington Trust representative about this product, or our other FDIC-insured bank deposits, call or stop by your local branch, or contact us.

Don’t forget to look at the "Star Photos” section of our website where you can receive free digital downloads of photos from local community events! Click here!

 

Your Summer "Think Local" Coupons