FinWise Bank

Overview / Commentary
820 East 9400 South
Sandy, UT 84094

FinWise Bank is headquartered in Sandy and is the 33rd largest bank in the state of Utah. It is also the 3,238th largest bank in the nation. It was established in 2000 and as of September of 2019, it had grown to 70 employees at 2 locations. FinWise Bank's money market rates are 82% 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 - YTD7.76%
Return on Equity - YTD46.46%
Annual Interest Income$14.5MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$161.7MM$101.7MM
LoansQ3 2019vs Q3 2018$118.6MM$75.5MM
DepositsQ3 2019vs Q3 2018$131.6MM$82.6MM
Equity CapitalQ3 2019vs Q3 2018$27.0MM$17.6MM
Loan Loss AllowanceQ3 2019vs Q3 2018$3.6MM$1.2MM
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.2MM$87.00K
Real Estate OwnedQ3 2019vs Q3 2018$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

0.80%*$250k*-Money Market Variable Account
OTHER TIERS: 0.25% Up to $25k | 0.40% $25k - $100k | 0.65% $100k - $250k

FinWise Bank Checking Account Rates

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

FinWise Bank CD Rates

2.63%$500-60 Month Certificate
2.12%$500-48 Month Certificate
1.81%$500-36 Month Certificate
1.51%$500-24 Month Certificate
1.31%$500-18 Month Certificate
1.26%$500-12 Month Certificate
0.60%$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

1.00%$500-18 Month Variable Certificate

Sorry, but we do not have location data for FinWise Bank. Its headquarters is located at 820 East 9400 South - Sandy, UT 84094

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