Bankwell Bank

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 3^rd largest bank in the state of Connecticut. It is also the 366^th largest bank in the nation. It was established in 2002 and as of March of 2023, it had grown to 136 employees at 12 locations. Bankwell Bank's money market rates are 10X the national average, and it has a B+ health rating.

Bankwell Bank (CT) Adds Competitive 12-Month Promo CD - 2/28/2023

Bankwell Bank (coastal Connecticut) has added a competitive 12-month Promo CD to its product line. Minimum opening deposit is $1k.

View all posts from:

2023
2017
2016

2/28 - Bankwell Bank (CT) Adds Competitive 12-Month Promo CD

5/19 - Bankwell Bank (CT) Promotes Smart Savings and Smart Money Market

3/17 - Bankwell Bank (CT) Offers "Bread or Toast" $150 Checking Bonus

Reviews

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Health

B+

Data as of Q1 2023

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Health Grade Components

Overall
FDIC Certificate #	57368
Year Established	2002
Employees	136
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.48%
Return on Equity - YTD	16.07%
Annual Interest Income	$44.3MM

Assets and Liabilities
Assets	Q1 2023vs Q1 2022	$3.26B$2.49B
Loans	Q1 2023vs Q1 2022	$2.72B$1.96B
Deposits	Q1 2023vs Q1 2022	$2.81B$2.17B
Equity Capital	Q1 2023vs Q1 2022	$300.9MM$240.8MM
Loan Loss Allowance	Q1 2023vs Q1 2022	$28.0MM$17.1MM
Unbacked Noncurrent Loans	Q1 2023vs Q1 2022	$14.3MM$16.0MM
Real Estate Owned	Q1 2023vs Q1 2022	$0$0

Rates

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Savings
Money Market
Checking
CD

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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

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
3.50%	-	-	Smart Savings Promo

Bankwell Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.25%^*	$250k^*	-	High Yield Money Market Promo
OTHER TIERS: 3.50% → Up to $250k
3.50%	-	-	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 Promo
OTHER TIERS: 0.15% → Up to $25k

Bankwell Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	-	-	Smart Checking Promo

Bankwell Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
5.00%	$1k	-	12 Month Promo CD
4.50%	$1k	-	6 Month Promo CD
4.25%	$1k	-	18 Month Promo CD

Locations

Availability

New York Area

New York Area bank & credit union details

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