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 4^th largest bank in the state of Connecticut. It is also the 451^st largest bank in the nation. It was established in 2002 and as of June of 2022, it had grown to 132 employees at 13 locations. Bankwell Bank's money market rates are 9X the national average, and it has an A 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

Write a Review

No reviews have been left for this bank yet. Be the first to review.

Health

Data as of Q2 2022

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #	57368
Year Established	2002
Employees	132
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	1.83%
Return on Equity - YTD	18.75%
Annual Interest Income	$48.7MM

Assets and Liabilities
Assets	Q2 2022vs Q2 2021	$2.43B$2.27B
Loans	Q2 2022vs Q2 2021	$2.04B$1.72B
Deposits	Q2 2022vs Q2 2021	$2.04B$1.95B
Equity Capital	Q2 2022vs Q2 2021	$253.1MM$198.1MM
Loan Loss Allowance	Q2 2022vs Q2 2021	$15.8MM$16.7MM
Unbacked Noncurrent Loans	Q2 2022vs Q2 2021	$15.3MM$27.3MM
Real Estate Owned	Q2 2022vs Q2 2021	$0$0

Rates

Skip to rates for:

Savings
Money Market
Checking
CD

Report an Issue

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
3.00%	-	-	Smart Savings Promo

Bankwell Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
4.00%^*	$250k^*	-	High Yield Money Market Promo
OTHER TIERS: 3.00% → Up to $250k
3.00%	-	-	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

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.