Bankwell Bank

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms apply. Member FDIC

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

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 389^th largest bank in the nation. It was established in 2002 and as of March of 2025, it had grown to 145 employees at 9 locations. Bankwell Bank's money market rates are 9X the national average, and it boasts an A+ health rating.

Reviews (1)

Write a Review

Promotional CD

Posted by: JtAlmond | Dec 8, 2024

I got one of their promo CDs when I had some unrelated money in a savings account at another bank. I got barely over 5% when those highs started backing off in Sept. It was fairly easy to set it up no untoward events have taken place with them. They have an old school app which functions well. I hope it won’t be a problem getting my funds transferred when the CD matures.

Comment

Health

A+

Data as of Q1 2025

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57368
Year Established	2002
Employees	145
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.02%
Return on Equity - YTD	9.95%
Annual Interest Income	$48.5MM

Assets and Liabilities
Assets	Q1 2025vs Q1 2024	$3.18B$3.15B
Loans	Q1 2025vs Q1 2024	$2.61B$2.65B
Deposits	Q1 2025vs Q1 2024	$2.76B$2.68B
Equity Capital	Q1 2025vs Q1 2024	$330.8MM$325.8MM
Loan Loss Allowance	Q1 2025vs Q1 2024	$29.5MM$28MM
Unbacked Noncurrent Loans	Q1 2025vs Q1 2024	$18.4MM$44.6MM
Real Estate Owned	Q1 2025vs Q1 2024	$0$0

TODAY'S FEATURED RATES

Member FDIC

3.60%

Our Rating

4.3 / 5

American Express

American Express® High Yield Savings Account

See Offer

Sponsored Note: Interest compounds daily, deposited monthly

Member FDIC

3.80%

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Member FDIC

3.50%

Our Rating

4.4 / 5

Capital One

360 Performance Savings

See Offer

Sponsored Note: It only takes about 5 minutes to open a fee-free account. Member FDIC.

Member FDIC

4.44%

Our Rating

4.3 / 5

Peak Bank

Envision High Yield Savings

See Offer

Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.

Member FDIC

4.00%

Our Rating

4.2 / 5

CIT Bank

Platinum Savings

See Offer

Sponsored Note: Earn more with a min. balance of $5K. Savings starts at $100. FDIC Insured.

Member FDIC

up to $300

Our Rating

4.2 / 5

SoFi® Bank, N.A.

SoFi Checking and Savings

See Offer

Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!

Rates

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Money Market
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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
3.25%	$0	-	Smart Savings Promo

Bankwell Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
3.75%^*	$0	$250k	High Yield Money Market Promo
OTHER TIERS: 3.25% → $250k+
3.25%	$0	-	Smart Money Market Promo
0.35%^*	$0	$25k	Smart Business Money Market Promo
OTHER TIERS: 0.15% → $25k+

Bankwell Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.15%	$0	-	Smart Checking Promo

Bankwell Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.30%	$1k	-	12 Month Promo CD
4.25%	$1k	-	7 Month Digital CD
4.20%	$1k	-	6 Month Promo CD
3.50%	$1k	-	18 Month Promo CD

Locations

Availability

New York Area

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