FinWise Bank

Overview / Commentary
820 East 9400 South
Sandy, UT 84094

FinWise Bank is headquartered in Murray and is the 33rd largest bank in the state of Utah. It is also the 2,541st largest bank in the nation. It was established in 2000 and as of June of 2020, it had grown to 89 employees at 2 locations. FinWise Bank's money market rates are 14% higher than the national average, and it boasts an A+ health rating.

Reviews (1)

Local bank that treats you right

I've had an overwhelmingly positive experience with this bank and am very satisfied. I switched over from Bank of America and immediately noticed the additional care and attention that I received. I was no longer just a number. I have a checking and savings account with the bank and have never had any problems. Shortly after opening up my accounts I had several questions regarding how to best use them/transfer money to them. I called up the bank and was spoken to time on hold! They gave me the answers that I needed and I've been super happy ever since. Since it isn't a national bank it doesn't have the slickest website ever but it definitely gets the job done and is a lot better than many I've seen. Overall, I would definitely recommend this bank to anyone that asked. I'm a happy customer.


Health Grade Components

FDIC Certificate #35323
Year Established2000
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.9%
Return on Equity - YTD19.17%
Annual Interest Income$13.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$267.3MM$135.9MM
LoansQ2 2020vs Q2 2019$221.6MM$104.5MM
DepositsQ2 2020vs Q2 2019$157.4MM$109.4MM
Equity CapitalQ2 2020vs Q2 2019$32.3MM$23.6MM
Loan Loss AllowanceQ2 2020vs Q2 2019$7.7MM$3.0MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$1.1MM$1.3MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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Always verify rates and promotions with the bank or credit union. We are not FinWise 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.

FinWise Bank Savings Account Rates

0.25%--Consumer Statement Savings
0.25%--Business Statement Savings

FinWise Bank Money Market Rates

0.50%*$500k*-Consumer Money Market
OTHER TIERS: 0.25% Up to $2.5k | 0.30% $2.5k - $25k | 0.35% $25k - $100k | 0.40% $100k - $250k | 0.45% $250k - $500k
0.50%*$500k*-Business Money Market
OTHER TIERS: 0.25% Up to $2.5k | 0.30% $2.5k - $25k | 0.35% $25k - $100k | 0.40% $100k - $250k | 0.45% $250k - $500k

FinWise Bank Checking Account Rates

0.15%--Consumer NOW Account
0.15%--Interest Bearing Business Checking
0.15%--Sole Proprietor NOW Account

FinWise Bank CD Rates

1.11%$500-60 Month Certificate
1.06%$500-48 Month Certificate
0.95%$500-36 Month Certificate
0.80%$500-24 Month Certificate
0.55%$500-18 Month Certificate
0.50%$500-12 Month Certificate
0.35%$500-6 Month Certificate
0.25%$500-30 Day Certificate
0.25%$500-60 Day Certificate
0.25%$500-90 Day Certificate

FinWise Bank IRA Rates

0.55%$500-18 Month Fixed IRA

FinWise Bank Locations
Sandy Branch820 E 9400 SSandy, UT 84094

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