Bankwell Bank


Overview / Commentary
203-972-3838
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 379th largest bank in the nation. It was established in 2002 and as of March of 2024, it had grown to 133 employees at 9 locations. Bankwell Bank's money market rates are 10X the national average, and it has a B+ health rating.

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Health
B+

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees133
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.74%
Return on Equity - YTD7.28%
Annual Interest Income$48.3MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$3.15B$3.26B
LoansQ1 2024vs Q1 2023$2.65B$2.72B
DepositsQ1 2024vs Q1 2023$2.68B$2.81B
Equity CapitalQ1 2024vs Q1 2023$325.8MM$300.9MM
Loan Loss AllowanceQ1 2024vs Q1 2023$28MM$28MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$44.6MM$14.3MM
Real Estate OwnedQ1 2024vs Q1 2023$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$0-Smart Savings Promo

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%*$250k*-High Yield Money Market Promo
OTHER TIERS: 3.50% $0 - $250k
3.50%$0-Smart Money Market Promo
0.35%*$250k*-Smart Business Money Market Promo w/Business Checking - New Money
OTHER TIERS: 0.15% $0 - $250k
0.30%*$25k*-Smart Business Money Market Promo
OTHER TIERS: 0.15% $0 - $25k

Bankwell Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$0-Smart Checking Promo

Bankwell Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.25%$1k-6 Month Promo CD
5.00%$1k-12 Month Promo CD
4.25%$1k-18 Month Promo CD
Locations

Availability



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