Bankwell Bank
LOCATIONS
10
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HEALTH RATING
A+
View health report
CURRENT TOP RATE
1.60% APY
24-Month CD - Stamford, Hamden, North Haven branches only
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.15% | Savings | Smart Savings 1.05% - Ally Bank Online Savings Account |
| 1.15% | Money Market | Smart Money Market 0.85% - Ally Bank Money Market Account |
| 1.50% | 2-year CD | 24-Month Bankwell SMART CD Promo |
Overview / Commentary
Bankwell Bank is headquartered in New Canaan and is the 7th largest bank in the state of Connecticut. It is also the 479th largest bank in the nation. It was established in 2002 and as of December of 2016, it had grown to 126 employees at 10 locations. Bankwell Bank's money market rates are 3X the national average, and it boasts an A+ health rating.
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Health
A+
Data as of Q4 2016
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 126 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.06% |
| Return on Equity - YTD | 10.28% |
| Annual Interest Income | $61.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2016vs Q4 2015 | $1.62B$1.32B |
| Loans | Q4 2016vs Q4 2015 | $1.34B$1.13B |
| Deposits | Q4 2016vs Q4 2015 | $1.29B$1.05B |
| Equity Capital | Q4 2016vs Q4 2015 | $162.2MM$145.7MM |
| Loan Loss Allowance | Q4 2016vs Q4 2015 | $18.0MM$14.2MM |
| Unbacked Noncurrent Loans | Q4 2016vs Q4 2015 | $2.6MM$5.5MM |
| Real Estate Owned | Q4 2016vs Q4 2015 | $272.00K$1.2MM |
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Bankwell Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.15% | - | - | Smart Savings |
Bankwell Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.15%* | $75k* | - | Smart Money Market | ||
| OTHER TIERS: 0.30% → Up to $75k | |||||
| 0.90% | $100 | - | Business Choice Money Market | ||
Bankwell Bank Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Smart Checking |
Bankwell Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.60% | $1k | - | 24-Month CD - Stamford, Hamden, North Haven branches only | |
| 1.50% | $1k | - | 24-Month Bankwell SMART CD Promo |
Locations
| Bankwell Bank Locations | ||
|---|---|---|
| Cherry Street Branch | 156 Cherry Street | New Canaan, CT 06840 |
| The Bank Of New Canaan | 208 Elm Street | New Canaan, CT 06840 |
| Stamford Branch | 612 Bedford Street | Stamford, CT 06901 |
| Black Rock Turnpike Branch | 2220 Black Rock Turnpike | Fairfield, CT 06825 |
| Fairfield Branch | One Sasco Hill Road | Fairfield, CT 06824 |
| Wilton Br | 47 Old Ridgefield Road | Wilton, CT 06897 |
| Bankwell In Hamden | 2704 Dixwell Avenue | Hamden, CT 06514 |
| North Haven Branch | 24 Washington Avenue | North Haven, CT 06473 |
| Norwalk Branch | 370 Westport Avenue | Norwalk, CT 06851 |
| Wilton Branch | 435 Danbury Road | Wilton, CT 06897 |