Bankwell Bank


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

Bankwell Bank is headquartered in New Canaan and is the 4th largest bank in the state of Connecticut. It is also the 451st largest bank in the nation. It was established in 2002 and as of June of 2022, it had grown to 132 employees at 13 locations. Bankwell Bank's CD rates are 5X the national average, and it has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees132
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.83%
Return on Equity - YTD18.75%
Annual Interest Income$48.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$2.43B$2.27B
LoansQ2 2022vs Q2 2021$2.04B$1.72B
DepositsQ2 2022vs Q2 2021$2.04B$1.95B
Equity CapitalQ2 2022vs Q2 2021$253.1MM$198.1MM
Loan Loss AllowanceQ2 2022vs Q2 2021$15.8MM$16.7MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$15.3MM$27.3MM
Real Estate OwnedQ2 2022vs Q2 2021$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
2.00%--Smart Savings Promo

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%--Smart Money Market Promo
0.35%*$250k*-Smart Business Money Market Promo w/Business Checking - New Money
OTHER TIERS: 0.15% Up to $250k
0.30%*$25k*-Smart Business Money Market
OTHER TIERS: 0.15% Up to $25k

Bankwell Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Smart Checking Promo

Bankwell Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$1k-12 Month CD Promo - New Money
Locations

Availability

New York Area

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