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Bankwell Bank

Popular Accounts at this Bank

0.15%CheckingBankwell Choice Preferred Checking
1.25%5-year CD5 Year Certificate of Deposit
0.30%1-year CD1 Year Certificate of Deposit

Overview / Commentary
208 Elm Street
New Canaan, CT 06840

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 has an A+ health rating.

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Health Grade Components

FDIC Certificate #57368
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.06%
Return on Equity - YTD10.28%
Annual Interest Income$61.0MM
Assets and Liabilities
AssetsQ4 2016vs Q4 2015$1.62B$1.32B
LoansQ4 2016vs Q4 2015$1.34B$1.13B
DepositsQ4 2016vs Q4 2015$1.29B$1.05B
Equity CapitalQ4 2016vs Q4 2015$162.2MM$145.7MM
Loan Loss AllowanceQ4 2016vs Q4 2015$18.0MM$14.2MM
Unbacked Noncurrent LoansQ4 2016vs Q4 2015$2.6MM$5.5MM
Real Estate OwnedQ4 2016vs Q4 2015$272.00K$1.2MM
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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

1.00%--Bankwell Choice Savings
1.00%--Bankwell Choice Preferred Savings
0.25%*$200k*-Prime Savings Account
OTHER TIERS: 0.10% Up to $15k | 0.20% $15k - $200k
0.15%--Business Statement Savings

Bankwell Bank Money Market Rates

1.00%--Bankwell Choice Money Market
1.00%$100-Bankwell Choice Preferred Money Market
0.90%$100-Business Choice Money Market
0.45%*$100k*-Not-For-Profit Preferred Money Market
OTHER TIERS: 0.25% $5k - $25k | 0.35% $25k - $100k
0.35%*$75k*-Personal Money Market
OTHER TIERS: 0.20% Up to $15k | 0.30% $15k - $75k
0.30%*$25k*-Business Money Market
OTHER TIERS: 0.15% Up to $25k
0.30%*$25k*-Bankwell Business Money Market
OTHER TIERS: 0.15% Up to $25k

Bankwell Bank Checking Account Rates

0.25%--Business Checking with Interest
0.15%--Bankwell Choice Preferred Checking
0.10%$5k-Not-For-Profit Checking with Interest

Bankwell Bank CD Rates

1.60%$1k-24-Month CD - Stamford, Hamden, North Haven branches only
1.50%$1k-24-Month Bankwell SMART CD Promo
1.25%$1k-5 Year Certificate of Deposit
1.10%$1k$1,100k18 Month CD Promo
1.05%$1k-13 Month CD Promo
0.80%$1k-4 Year Certificate of Deposit
0.70%$1k-3 Year Certificate of Deposit
0.30%$1k-1 Year Certificate of Deposit
0.20%$15k-3 Month Easy Add Liquid Certificate of Deposit
0.20%$1k-6 Month Certificate of Deposit
0.20%$1k-9 Month Certificate of Deposit
0.15%$1k-3 Month Certificate of Deposit

Bankwell Bank Locations
Cherry Street Branch156 Cherry StreetNew Canaan, CT 06840
The Bank Of New Canaan208 Elm StreetNew Canaan, CT 06840
Stamford Branch612 Bedford StreetStamford, CT 06901
Black Rock Turnpike Branch2220 Black Rock TurnpikeFairfield, CT 06825
Fairfield BranchOne Sasco Hill RoadFairfield, CT 06824
Wilton Br47 Old Ridgefield RoadWilton, CT 06897
Bankwell In Hamden2704 Dixwell AvenueHamden, CT 06514
North Haven Branch24 Washington AvenueNorth Haven, CT 06473
Norwalk Branch370 Westport AvenueNorwalk, CT 06851
Wilton Branch435 Danbury RoadWilton, CT 06897