Bankwell Bank


Overview / Commentary
203-972-3838
208 Elm Street
New Canaan, CT 06840

Bankwell Bank is headquartered in New Canaan and is the 5th largest bank in the state of Connecticut. It is also the 442nd largest bank in the nation. It was established in 2002 and as of March of 2020, it had grown to 154 employees at 13 locations. Bankwell Bank's money market rates are 48% higher than the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees154
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD4.8%
Annual Interest Income$20.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$2.05B$1.89B
LoansQ1 2020vs Q1 2019$1.60B$1.58B
DepositsQ1 2020vs Q1 2019$1.69B$1.53B
Equity CapitalQ1 2020vs Q1 2019$189.1MM$197.2MM
Loan Loss AllowanceQ1 2020vs Q1 2019$16.7MM$15.4MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$10.6MM$13.2MM
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bankwell Bank; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bankwell Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%--Smart Savings

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.90%*$250k*-Smart Business Money Market
OTHER TIERS: 0.40% Up to $250k
0.65%--Smart Money Market

Bankwell Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Smart Checking

Bankwell Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$1k-30 Month CD
0.80%$1k-12 Month CD
Locations

Availability



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