Bankwell Bank
LOCATIONS
10
View locations
HEALTH RATING
A+
View health report
CURRENT TOP RATE
1.60% APY
24 Month Standard CD
View all rates
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.15% | Money Market | Smart Money Market 0.85% - Ally Bank Money Market Account |
| 1.15% | 1-year CD | 12 Month CD 1.40% - Synchrony Bank 12 Month CD |
| 1.50% | 2-year CD | 24 Month Bankwell Smart Bump Up CD 1.65% - Synchrony Bank 24 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 476th largest bank in the nation. It was established in 2002 and as of March of 2017, it had grown to 127 employees at 10 locations. Bankwell Bank's money market rates are 3X the national average, and it boasts an A+ health rating.
Related Posts
Health
A+
Data as of Q1 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 57368 |
| Year Established | 2002 |
| Employees | 127 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.09% |
| Return on Equity - YTD | 10.91% |
| Annual Interest Income | $16.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2017vs Q1 2016 | $1.67B$1.42B |
| Loans | Q1 2017vs Q1 2016 | $1.41B$1.18B |
| Deposits | Q1 2017vs Q1 2016 | $1.33B$1.10B |
| Equity Capital | Q1 2017vs Q1 2016 | $166.8MM$149.3MM |
| Loan Loss Allowance | Q1 2017vs Q1 2016 | $18.5MM$14.8MM |
| Unbacked Noncurrent Loans | Q1 2017vs Q1 2016 | $4.2MM$3.5MM |
| Real Estate Owned | Q1 2017vs Q1 2016 | $272.00K$877.00K |
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 |
|---|---|---|---|---|
| 1.15% | - | - | Smart Savings |
Bankwell Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.15%* | $75k* | - | Smart Money Market | ||
| OTHER TIERS: 0.30% → Up to $75k | |||||
| 0.90% | $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 |
|---|---|---|---|---|
| 1.60% | $1k | - | 24 Month Standard CD | |
| 1.50% | $1k | - | 24 Month Bankwell Smart Bump Up CD | |
| 1.40% | $1k | - | 18 Month CD | |
| 1.30% | $1k | - | 15 Month CD | |
| 1.15% | $1k | - | 12 Month CD |
Locations
| Bankwell Bank Locations | ||
|---|---|---|
| Cherry Street Branch | 156 Cherry Street | New Canaan, CT 06840 |
| The Bank Of New Canaan | 208 Elm Street | New Canaan, CT 06840 |
| Stamford Branch | 612 Bedford Street | Stamford, CT 06901 |
| Black Rock Turnpike Branch | 2220 Black Rock Turnpike | Fairfield, CT 06825 |
| Fairfield Branch | One Sasco Hill Road | Fairfield, CT 06824 |
| Wilton Br | 47 Old Ridgefield Road | Wilton, CT 06897 |
| Bankwell In Hamden | 2704 Dixwell Avenue | Hamden, CT 06514 |
| North Haven Branch | 24 Washington Avenue | North Haven, CT 06473 |
| Norwalk Branch | 370 Westport Avenue | Norwalk, CT 06851 |
| Wilton Branch | 435 Danbury Road | Wilton, CT 06897 |