Bankwell Bank
LOCATIONS
13
View locations
HEALTH RATING
A
View health report
CURRENT TOP RATE
3.00% APY
36 Month CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | HOW THEY COMPARE |
|---|---|---|
| 2.00% | Reward Savings | 0.98% - National Average |
| 1.85% | Money Market | |
| 2.15% | 1-year CD | 2.75% - Barclays 12 Month Online CD |
Overview / Commentary
Bankwell Bank is headquartered in New Canaan and is the 6th largest bank in the state of Connecticut. It is also the 453rd largest bank in the nation. It was established in 2002 and as of December of 2018, it had grown to 140 employees at 13 locations. Bankwell Bank's money market rates are 4X the national average, and it has an A health rating.
Related Posts
Health
A
Data as of Q4 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 140 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.13% |
| Return on Equity - YTD | 11.11% |
| Annual Interest Income | $80.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2018vs Q4 2017 | $1.87B$1.79B |
| Loans | Q4 2018vs Q4 2017 | $1.59B$1.52B |
| Deposits | Q4 2018vs Q4 2017 | $1.51B$1.40B |
| Equity Capital | Q4 2018vs Q4 2017 | $192.9MM$178.8MM |
| Loan Loss Allowance | Q4 2018vs Q4 2017 | $15.5MM$18.9MM |
| Unbacked Noncurrent Loans | Q4 2018vs Q4 2017 | $14.1MM$5.6MM |
| Real Estate Owned | Q4 2018vs Q4 2017 | $0$0 |
Rates
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Bankwell Bank Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | - | - | Smart Savings |
Bankwell Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.85% | - | - | Smart Money Market | |
| 1.25% | - | - | 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 |
|---|---|---|---|---|
| 3.00% | $1k | - | 36 Month CD | |
| 2.85% | $1k | - | 30 Month CD | |
| 2.65% | $1k | - | 24 Month Standard CD | |
| 2.35% | $1k | - | 18 Month CD | |
| 2.20% | $1k | - | 15 Month CD | |
| 2.15% | $1k | - | 12 Month CD |
