Bankwell Bank

Overview / Commentary
156 Cherry St
New Canaan, CT 06840

Bankwell Bank is headquartered in NEW CANAAN and is the 3rd largest bank in the state of Connecticut. It is also the 368th largest bank in the nation. It was established in 2002 and as of September of 2023, it had grown to 144 employees at 9 locations. Bankwell Bank's money market rates are 10X the national average, and it has a B+ health rating.

Related Posts

Bankwell Bank (CT) Brings Back Competitive 12-Month Promo CD - 2/22/2024

Bankwell Bank (Connecticut) has brought back its competitive 12-month Promo CD, which can now be opened online. Minimum opening deposit is $1k.

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.

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Health Grade Components

FDIC Certificate #57368
Year Established2002
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD14.46%
Annual Interest Income$139.1MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$3.25B$2.72B
LoansQ3 2023vs Q3 2022$2.74B$2.26B
DepositsQ3 2023vs Q3 2022$2.78B$2.3B
Equity CapitalQ3 2023vs Q3 2022$315.6MM$283.2MM
Loan Loss AllowanceQ3 2023vs Q3 2022$29.3MM$18.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$38MM$16.8MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0
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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

3.50%--Smart Savings Promo

Bankwell Bank Money Market Rates

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

0.15%--Smart Checking Promo

Bankwell Bank CD Rates

5.50%$1k-12 Month Promo CD
5.00%$1k-6 Month Promo CD
4.25%$1k-18 Month Promo CD


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