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 374th largest bank in the nation. It was established in 2002 and as of December of 2023, it had grown to 128 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

Health Grade Components

Overall
FDIC Certificate #57368
Year Established2002
Employees128
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.35%
Return on Equity - YTD14.12%
Annual Interest Income$188.5MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$3.21B$3.25B
LoansQ4 2023vs Q4 2022$2.69B$2.65B
DepositsQ4 2023vs Q4 2022$2.75B$2.81B
Equity CapitalQ4 2023vs Q4 2022$323MM$297.7MM
Loan Loss AllowanceQ4 2023vs Q4 2022$27.9MM$22.4MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$40.6MM$16.4MM
Real Estate OwnedQ4 2023vs Q4 2022$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%--Smart Savings Promo

Bankwell Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--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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