Current Loan Rates at Washington Trust

Fixed Rate Mortgages (up to $726,200)

Product Term Points Rate APR* Monthly Payment** Payment Calculator
30 Year 0 7.250 7.360 6.82 Your monthly cost
30 Year 1 7.000 7.209 6.65 Your monthly cost
20 Year 0 7.125 7.266 7.83 Your monthly cost
20 Year 1 6.875 7.145 7.68 Your monthly cost
15 Year 0 6.750 6.921 8.85 Your monthly cost
15 Year 1 6.375 6.703 8.64 Your monthly cost
10 Year 0 6.750 6.990 11.48 Your monthly cost
10 Year 1 6.375 6.838 11.29 Your monthly cost

Jumbo Fixed Mortgage (over $726,200)

Product Term Points Rate APR* Monthly Payment** Payment Calculator
30 Year 0 7.500 7.572 6.99 Your monthly cost
30 Year 1 7.250 7.422 6.82 Your monthly cost
20 Year 0 7.000 7.088 7.75 Your monthly cost
20 Year 1 6.750 6.966 7.60 Your monthly cost
15 Year 0 6.750 6.858 8.85 Your monthly cost
15 Year 1 6.500 6.766 8.71 Your monthly cost
All rates effective as of September 29, 2023

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 40% downpayment and 0 points. Downpayment of less than 20% requires mortgage insurance. Property and flood insurance where required.

Adjustable Rate Mortgage

Product TermTermRatePointsAPRMonthly Payment**
5/6 Jumbo ARM
Caps: 2% initial, 1% every six months, 5% lifetime
30 Years 7.375 0 8.025 For months 1 to 60, the payment per $1000 is $6.91. Based on the current index and margin, for months 61 to 360, the rate would be 7.625% and the payment per $1000 is $7.47.
5/6 Jumbo ARM
Caps: 2% initial, 1% every six months, 5% lifetime
30 Years

7.000

1 7.971 For months 1 to 60, the payment per $1000 is $6.65. Based on the current index and margin, for months 61 to 360, the rate would be 7.625 % and the payment per $1000 is $7.52.
7/6 Jumbo ARM
Caps: 5% initial, 1% every six months, 5% lifetime
30 Years 7.500 0 7.973 For months 1 to 84, the payment per $1000 is $6.99. Based on the current index and margin, for months 85 to 360, the rate would be 7.625% and the payment per $1000 is $7.69.
7/6 Jumbo ARM
Caps: 5% initial, 1% every six months, 5% lifetime
30 Years

7.250

1 7.941 For months 1 to 84, the payment per $1000 is $6.82. Based on the current index and margin, for months 85 to 360, the rate would be 7.625% and the payment per $1000 is $7.72.
10/6 Jumbo ARM
Caps: 5% initial, 1% every six months, 5% lifetime
30 Years

7.625

0

7.933

For months 1 to 120, the payment per $1000 is $7.08. Based on the current index and margin, for months 121 to 360, the rate would be 7.625% and the payment per $1000 is $8.13.
10/6 Jumbo ARM
Caps: 5% initial, 1% every six months, 5% lifetime
30 Years 7.375 1 7.866 For months 1 to 120, the payment per $1000 is $6.91. Based on the current index and margin, for months 121 to 360, the rate would be 7.625% and the payment per $1000 is $8.18.
All rates effective as of September 29, 2023

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 30-day average SOFR. 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, VA Loans & FHA Loans

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 TermAPR*Monthly Payment**
60 Months

7.250

$19.92
120 Months7.250$11.74
180 Months7.500$9.27
240 Months

7.990

$8.36
360 Months8.500$7.69

All rates effective as of September 29, 2023

These rates are for Connecticut, Massachusetts, New Hampshire, and Rhode Island properties.
The above rates require auto deduction from a Washington Trust checking or savings account. Single-family, owner-occupied primary residences or second homes only. Maximum loan-to-value of 80% up to $400,000. Property Insurance required.
*Annual Percentage Rate
**Per $1,000 Borrowed

Home Equity Line of Credit - Low Introductory APR

6.375% Intro APR* for initial 12 months and then APR changes as shown below:

Line AmountAPR as low as*
$25,000 - $99,9998.625%
$100,000 - $249,9998.375%
$250,000 - $1,000,0008.125 %
All rates effective as of September 29, 2023

* Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. All loans subject to credit and underwriting approval. Introductory Annual Percentage Rate (APR) of 6.375% is fixed for the first 12 months. After the introductory rate the APR is a variable rate and will be based on the Wall Street Journal’s Prime Rate which is 8.50% as of 7/27/2023. The APR becomes Prime Rate minus .375% on lines of $250,000 - $1,000,000; Prime Rate minus .125% on lines of $100,000 - $249,999; Prime Rate plus .125% on lines of $25,000 - $99,999. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will be assessed if the account is closed within the first three years. Best rate featured above requires line to be in first lien position; other rates apply to second lien position; a Washington Trust personal checking account is required. $10,000 minimum initial draw to third party required at time of closing. Annual fee of $50 due each year of the draw period beginning with the 13th billing cycle. Some home improvement projects may be subject to inspection fees and a satisfactory completion certificate. Subject to the recording fee of approximately $75 in RI and $100-$207 in CT, MA, and NH. Trust review fees of $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. Other fees 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 $500,000. Offer available for a limited time only and may be withdrawn at any time. Consult your tax advisor regarding the deductibility of interest.

Home Equity Line of Credit

Line AmountAPR as low as*
$15,000 - $99,9998.625%
$100,000 - $249,9998.375%
$250,000 - $1,000,0008.125%
All rates effective as of September 29, 2023

* Properties must be located in Connecticut, Massachusetts, New Hampshire, or Rhode Island. All loans subject to credit and underwriting approval. The APR is a variable rate and will be based on the Wall Street Journal’s Prime Rate which is 8.50% as of 7/27/2023. Your APR will vary monthly if the Prime Rate changes but will not exceed 18.00% or be less than 2.75%. Account closure fee of $350 for lines up to $500,000 or $500 for lines over $500,000 will be assessed if the account is closed within the first three years. Best rate featured above requires line to be in first lien position; other rates apply to second lien position; a Washington Trust personal checking account is required. Annual fee of $50 due each year of the draw period beginning with the 13th billing cycle. Some home improvement projects may be subject to inspection fees and a satisfactory completion certificate. Subject to the recording fee of approximately $75 in RI and $100-$207 in CT, MA, and NH. Trust review fees of $250 may apply if property is held in a trust. Other restrictions may apply. Other fees 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 $500,000. Consult your tax advisor regarding the deductibility of interest.

Unsecured Personal Loans

Loan AmountTermAPR*Monthly Payment**
$1,500 - $10,00060 Months15.414$24.01
$10,001 - $15,00060 Months13.512$23.02

Apply for a Personal Loan

All rates effective as of September 29, 2023

This product is not available for debt consolidation or education purposes.
These rates are for Connecticut, Massachusetts, and Rhode Island residents.
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 ValueTermAPR*Monthly Payment**
NEW (2023/2022)
Up to 100% LTV
60 Months8.221$20.38
72 Months8.276$17.67
USED (2022-2017)
Up to 85% LTV
36 Months8.880$31.74
48 Months8.956$24.86
54 Months9.148$22.66
USED (2016 or Older)
Up to 75% LTV
24 Months11.230$46.71

Apply for an Auto Loan

All rates effective as of September 29, 2023

These rates are for Connecticut, Massachusetts, and Rhode Island residents.
The above rates require auto deduction from a Washington Trust checking or savings account.
*Annual Percentage Rate. APR is calculated on a $10,000 loan amount, APR may be higher based on loan amount.
**Per $1,000 Borrowed

Motorcycles

Loan to ValueTermAPR*Monthly Payment**
NEW Up to 85% LTV48 Months11.080$25.88
60 Months11.486$21.98
USED (2022 - 2016) Up to 80% LTV36 Months12.270$33.34

Apply for a Loan

All rates effective as of September 29, 2023

These rates are for Connecticut, Massachusetts, and Rhode Island residents.
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 ValueTermAPR*Monthly Payment**
NEW Up to 70% LTV
Max Loan Amount $50,000
84 Months10.361$16.78
120 Months10.521$13.50
144 Months10.738$12.38
USED Up to 60% LTV
Max Loan Amount $25,000
36 Months11.678$33.10
48 Months12.095$26.38
60 Months12.491$22.49

Apply for a Loan

All rates effective as of September 29, 2023

These rates are for Connecticut, Massachusetts, and Rhode Island residents.
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*18.000Greater of 5% of outstanding balance
or $25.00

Apply for Overdraft Protection

All rates effective as of September 29, 2023

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

Land Loans (Buildable Land)

Loan to ValueMaximum TermAPR*Monthly Payment**
Up to 65% LTV60 Months7.993$20.28
120 Months8.294$12.29
180 Months8.494$9.85
All rates effective as of September 29, 2023

These rates are for Connecticut, Massachusetts, and Rhode Island properties.
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 TermAPR*Monthly Payment**
60 Months9.188$20.64
120 Months9.369$12.74
144 Months9.840$11.74
All rates effective as of September 29, 2023

These rates are for Connecticut, Massachusetts, and Rhode Island properties.
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

Prime Rate

Wall Street Prime Rate

8.50

Prime Rate effective date July 27, 2023.