Bankwell Bank
LOCATIONS
10
View locations
HEALTH RATING
B+
View health report
CURRENT TOP RATE
2.35% APY
30 Month CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.70% | Reward Savings | Smart Savings 0.87% - National Average |
| 1.50% | Money Market | Smart Money Market 1.85% - CIT Bank Money Market Account |
| 1.15% | 1-year CD | 12 Month CD 1.80% - Ally Bank No Penalty 11-Month CD |
Overview / Commentary
Bankwell Bank is headquartered in New Canaan and is the 7th largest bank in the state of Connecticut. It is also the 446th largest bank in the nation. It was established in 2002 and as of March of 2018, it had grown to 144 employees at 10 locations. Bankwell Bank's money market rates are 3X the national average, and it has a B+ health rating.
Related Posts
Health
B+
Data as of Q1 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 144 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.21% |
| Return on Equity - YTD | 12.06% |
| Annual Interest Income | $18.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2018vs Q1 2017 | $1.83B$1.67B |
| Loans | Q1 2018vs Q1 2017 | $1.53B$1.41B |
| Deposits | Q1 2018vs Q1 2017 | $1.43B$1.33B |
| Equity Capital | Q1 2018vs Q1 2017 | $184.4MM$166.8MM |
| Loan Loss Allowance | Q1 2018vs Q1 2017 | $18.8MM$18.5MM |
| Unbacked Noncurrent Loans | Q1 2018vs Q1 2017 | $20.5MM$4.2MM |
| Real Estate Owned | Q1 2018vs Q1 2017 | $487.00K$272.00K |
Rates
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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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.70% | - | - | Smart Savings |
Bankwell Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.50%* | $75k* | - | Smart Money Market | ||
| OTHER TIERS: 0.30% → Up to $75k | |||||
| 1.00% | $100 | - | 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 |
|---|---|---|---|---|
| 2.35% | $1k | - | 30 Month CD | |
| 2.25% | $1k | - | 24 Month Bankwell Smart Bump Up CD | |
| 2.05% | $1k | - | 24 Month Standard CD | |
| 1.85% | $1k | - | 18 Month CD | |
| 1.30% | $1k | - | 15 Month CD | |
| 1.15% | $1k | - | 12 Month CD |
Locations
| Fairfield Branches | ||
|---|---|---|
| Black Rock Turnpike Branch | 2220 Black Rock Turnpike | Fairfield, CT 06825 |
| Fairfield Branch | One Sasco Hill Road | Fairfield, CT 06824 |
| Hamden Branches | ||
|---|---|---|
| Bankwell In Hamden | 2704 Dixwell Avenue | Hamden, CT 06514 |
| New Canaan Branches | ||
|---|---|---|
| Cherry Street Branch | 156 Cherry Street | New Canaan, CT 06840 |
| The Bank Of New Canaan | 208 Elm Street | New Canaan, CT 06840 |
| North Haven Branches | ||
|---|---|---|
| North Haven Branch | 24 Washington Avenue | North Haven, CT 06473 |
| Norwalk Branches | ||
|---|---|---|
| Norwalk Branch | 370 Westport Avenue | Norwalk, CT 06851 |
| Stamford Branches | ||
|---|---|---|
| Stamford Branch | 612 Bedford Street | Stamford, CT 06901 |
| Wilton Branches | ||
|---|---|---|
| Wilton Br | 47 Old Ridgefield Road | Wilton, CT 06897 |
| Wilton Branch | 435 Danbury Road | Wilton, CT 06897 |