Personal Banking

Loan Rates

Fixed Rate Mortgages (up to $417,000)

Product Term Points Rate APR* Monthly Payment**
30 Year  0 4.000 4.072 4.77
20 Year
 0 3.750 3.847 5.93
15 Year  0 3.250 3.371 7.03
10 Year  0 3.250 3.425 9.77

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All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied single family properties only. APR based on 25% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.

Jumbo Fixed Mortgage (over $417,000)

Product Term Points Rate APR* Monthly Payment**
30 Year  0 4.375 4.420 4.99
20 Year  0 4.250 4.311 6.19
15 Year  0 4.000 4.076 7.40
10 Year  0 3.750 3.857 10.01

 

Contact a Mortgage Specialist

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 20% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.

 

Adjustable Rate Mortgage

Product Term Term Rate Points APR* Monthly Payment**
5/1 Jumbo ARM
Caps: 2% initial, 2% annual, 5% lifetime
30 years 3.250 0 3.854 For months 1 to 60, the payment per $1000 is $4.35Based on the current index and margin, for months 61 to 360, the rate would be 4.000% and the payment per $1000 is $3.41
5/1 Agency ARM
Caps: 2% initial, 2% annual, 5% lifetime
30 years 3.000 0 3.713 For months 1 to 60, the payment per $1000 is $4.22 Based on the current index and margin, for months 61 to 360, the rate would be 4.000% and the payment per $1000 is $4.69
7/1 Jumbo ARM
Caps: 5% initial, 2% annual, 5% lifetime
30 years 3.375 0 3.747 For months 1 to 84, the payment per $1000 is $4.42Based on the current index and margin, for months 85 to 360, the rate would be 4.000% and the payment per $1000 is $3.24
7/1 Agency ARM
Caps: 5% initial, 2% annual, 5% lifetime
30 years 3.250 0 3.783 For months 1 to 84, the payment per $1000 is $4.35Based on the current index and margin, for months 85 to 360, the rate would be 4.000% and the payment per $1000 is $4.75
10/1 Jumbo ARM
Caps: 5% initial, 2% annual, 5% lifetime
30 years 3.625 0 3.810 For months 1 to 120, the payment per $1000 is $4.56Based on the current index and margin, for months 121 to 360, the rate would be 4.000% and the payment per $1000 is $2.97.
10/1 Agency ARM
Caps: 5% initial, 2% annual, 5% lifetime
30 years 3.500 0 3.809 For months 1 to 120, the payment per $1000 is $4.49Based on the current index and margin, for months 121 to 360, the rate would be 4.000% and the payment per $1000 is $4.74

Contact a Mortgage Specialist

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR) subject to change without notice.
**Per $1,000 Borrowed. Payments shown do not include taxes or insurance. Your payments may be greater.
Index is the 1-year LIBOR. APR is variable and may increase after closing. Owner-occupied Rhode Island, Connecticut and Massachusetts single family properties only. APR based on 20% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required. Subject to credit approval.

Rhode Island Housing Mortgages

Turn to the lender Rhode Islanders have trusted for 200+ years.  Call (800) 475-2265 today for a quote. 

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Home Equity Loans

Maximum Term  APR* Monthly Payment**
 48 Months  2.991 $22.12
 60 Months 2.995 $17.96
 120 Months 3.995 $10.12
 180 Months 4.995 $7.90
 240 Months 5.996 $7.16
 360 Months 6.506 $6.32

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All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts properties.
The above rates require auto deduction from a Washington Trust checking or savings account. Minimum loan amount of $15,000 up to $500,000. Interest rate is determined by individual credit worthiness and loan-to-value. Primary and secondary residence up to 80% LTV, up to $400,000. Property Insurance required.
*Annual Percentage Rate
**Per $1,000 Borrowed

Home Equity Line of Credit - Low Introductory APR

1.99% Intro APR* for initial 12 months
and then APR changes as shown below:

Line Amount  APR as low as**
 $25,000 - $99,999 3.750 %
 $100,000 - $400,000 3.500 %

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All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*As of 03/16/2017, 1.99% Introductory Annual Percentage Rate (APR) is for the initial 12 months.
**As of 03/16/2017, after the initial 12 months, your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.00%. As of 03/16/2017, the interest rate is as follows: Prime -.25% for line amounts of $25,000-$99,999; Prime -.50% for line amounts $100,000- $400,000. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and closed within first three years. Best rate featured above requires line to be in first lien position; other rates apply to second lien position; Freedom Plus Checking account is required for this product. Annual fee of $50 is waived for the first year. Initial draw/transfer of $25,000 to a third party at closing is required. Some home improvement projects may be subject to property inspection fees of $100 to $300, final title inspection fee of $100 and a satisfactory completion certificate. Subject to recording fees of approximately $74 in RI, and $93-177 in MA and CT. Trust review fees of $100 to $250 may apply if property is held in a trust. Not intended for homes currently for sale or intended to be sold within 12 months of closing. Offer available for new lines only. Other restrictions may apply. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Subject to credit approval. Offer available for a limited time only and may be withdrawn at any time. Consult your tax advisor regarding the deductibility of interest. Above information is for Rhode Island, Connecticut and Massachusetts properties. MEMBER FDIC.

Home Equity Line of Credit 

Line Amount  APR as low as*
 $15,000 - $99,999 3.750 %
 $100,000 + 3.500 %

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All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts properties.
*Annual Percentage Rate (APR). As of 03/16/2017, advertised APRs based on .25% reduction for Freedom Plus checking account relationship and requires line to be in first lien position; other rates apply to second lien position. As of 03/16/2017, the interest rate is as follows with a Freedom Plus checking account relationship and first lien position: Prime - .25% for line amounts of $15,000-$99,999; Prime - .50% for line amounts $100,000 or greater. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 3.00%. Check the Wall Street Journal for the current Prime Rate. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will apply if line is paid off and closed within first three years. Annual fee of $50.00 applies; waived in first year with Freedom Plus checking account. Some home improvement projects may be subject to property inspection fees of $100 to $300, final title inspection fee of $100 and a satisfactory completion certificate. Subject to recording fees of approximately $74 in RI, and $93-177 in MA and CT. Trust review fees of $100 to $250 may apply if property is held in a trust. Property insurance is required. Flood insurance where required by law. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Subject to credit approval. Consult your tax advisor regarding the deductibility of interest. Above information is for Rhode Island, Connecticut and Massachusetts properties. MEMBER FDIC.

Unsecured Personal Loans

Loan Amount  Term APR* Monthly Payment**
 $1,500 - $10,000 60 Months 15.414 $24.01
 $10,001 - $15,000 60 Months 13.512 $23.02

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
The above rates require auto deduction from a Washington Trust checking or savings account.
*Annual Percentage Rate
**Per $1,000 Borrowed

Auto/Truck Loans

 Loan to Value Term APR* Monthly Payment**
NEW (2017/2016)
Up to 100% LTV
36 Months 4.253 $29.55
  48 Months 4.253 $22.62
  72 Months 5.254 $16.16
USED (2016-2011)
Up to 85% LTV
36 Months 4.995 $29.97
  48 Months 5.506  $23.26 
  54 Months  5.996  $21.18 
USED (2010 or Older)
Up to 75% LTV
24 Months  8.510  $45.46

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
The above rates require auto deduction from a Washington Trust checking or savings account.
*Annual Percentage Rate
**Per $1,000 Borrowed

Motorcycles

Loan to Value  Term APR* Monthly Payment**
 NEW Up to 85% LTV  48 Months 10.000 $25.36
   60 Months 10.507 $21.34
 USED (2016 - 2010) Up to 80% LTV 36 Months 11.010 $32.74

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
The above rates require auto deduction from a Washington Trust checking or savings account.
*Annual Percentage Rate
**Per $1,000 Borrowed

Marine and RV

Loan to Value  Term APR* Monthly Payment**
NEW Up to 70% LTV
Max Loan Amount $50,000
 84 Months 9.504 $16.35
  120 Months  9.755 $13.09
  144 Months  10.005 $11.96
USED Up to 60% LTV
Max Loan Amount $25,000
36 Months 10.499  $32.51 
  48 Months  11.002  $25.85 
  60 Months  11.503  $22.00

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
The above rates require auto deduction from a Washington Trust checking or savings account.
*Annual Percentage Rate
**Per $1,000 Borrowed

Overdraft Protection*

  APR** Monthly Payment
Credit Reserve   18.000 Greater of 5% of outstanding balance
or $25.00

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
*Annual fee of $24.99 applies. Waived with a Freedom Plus checking relationship Monthly late fee of $5.00 may apply.
**Annual Percentage Rate

Land Loans (Buildable Land)

Loan to Value  Maximum Term APR* Monthly Payment**
 Up to 65% LTV 60 Months 7.993 $20.28
  120 Months  8.294 $12.29
  180 Months  8.494  $9.85 

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
The above rates require auto deduction from a Washington Trust checking or savings account.
*Annual Percentage Rate
**Per $1,000 Borrowed

Manufactured Homes on Leased Land

 70% Loan to Value
Maximum Term  APR* Monthly Payment**
 60 Months 6.125 $19.21
120 Months 7.015 $11.26
144 Months 7.434 $10.42

All rates effective as of
These rates are for Rhode Island, Connecticut and Massachusetts loans.
The above rates require auto deduction from a Washington Trust checking or savings account.
Original fee equal to 1% of loan amount.
*Annual Percentage Rate
**Per $1000 Borrowed