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Bankwell Bank


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.mybankwell.com
203-972-3838
156 Cherry St
New Canaan, CT 06840

Bankwell Bank is headquartered in NEW CANAAN and is the 3rd largest bank in the state of Connecticut. It is also the 389th largest bank in the nation. It was established in 2002 and as of March of 2025, it had grown to 145 employees at 9 locations. Bankwell Bank's money market rates are 9X the national average, and it boasts an A+ health rating.

Reviews (1)

Promotional CD

Posted by: |

I got one of their promo CDs when I had some unrelated money in a savings account at another bank. I got barely over 5% when those highs started backing off in Sept. It was fairly easy to set it up no untoward events have taken place with them. They have an old school app which functions well. I hope it won’t be a problem getting my funds transferred when the CD matures.

2


Health
A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees145
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD9.95%
Annual Interest Income$48.5MM
Assets and Liabilities
AssetsQ1 2025vs Q1 2024$3.18B$3.15B
LoansQ1 2025vs Q1 2024$2.61B$2.65B
DepositsQ1 2025vs Q1 2024$2.76B$2.68B
Equity CapitalQ1 2025vs Q1 2024$330.8MM$325.8MM
Loan Loss AllowanceQ1 2025vs Q1 2024$29.5MM$28MM
Unbacked Noncurrent LoansQ1 2025vs Q1 2024$18.4MM$44.6MM
Real Estate OwnedQ1 2025vs Q1 2024$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.60%
Our Rating
4.3  / 5
American Express
American Express® High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.80%
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
3.50%
Our Rating
4.4  / 5
Capital One
360 Performance Savings
See Offer
Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 7/3/2025
4.44%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.2  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
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
3.25%$0-Smart Savings Promo

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%*$0$250kHigh Yield Money Market Promo
OTHER TIERS: 3.25% → $250k+
3.25%$0-Smart Money Market Promo
0.35%*$0$25kSmart Business Money Market Promo
OTHER TIERS: 0.15% → $25k+

Bankwell Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$0-Smart Checking Promo

Bankwell Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.30%$1k-12 Month Promo CD
4.25%$1k-7 Month Digital CD
4.20%$1k-6 Month Promo CD
3.50%$1k-18 Month Promo CD
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