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FinWise Bank


Overview / Commentary
www.finwisebank.com
801-545-6600
820 East 9400 South
Sandy, UT 84094

FinWise Bank is headquartered in Murray and is the 32nd largest bank in the state of Utah. It is also the 3,071st largest bank in the nation. It was established in 2000 and as of March of 2020, it had grown to 83 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

Posted by: |

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 immediately...no 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.

1


Health
A+

Data as of Q1 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #35323
Year Established2000
Employees83
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD4.8%
Return on Equity - YTD27.52%
Annual Interest Income$8.1MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$177.3MM$130.6MM
LoansQ1 2020vs Q1 2019$105.7MM$97.2MM
DepositsQ1 2020vs Q1 2019$143.4MM$107.5MM
Equity CapitalQ1 2020vs Q1 2019$31.4MM$21.2MM
Loan Loss AllowanceQ1 2020vs Q1 2019$7.1MM$2.1MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$1.1MM$0
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%--Consumer Statement Savings
0.25%--Business Statement Savings

FinWise Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.80%*$250k*-Consumer Money Market
OTHER TIERS: 0.25% → Up to $2.5k | 0.35% → $2.5k - $25k | 0.50% → $25k - $100k | 0.65% → $100k - $250k
0.80%*$250k*-Business Money Market
OTHER TIERS: 0.25% → Up to $2.5k | 0.35% → $2.5k - $25k | 0.50% → $25k - $100k | 0.65% → $100k - $250k

FinWise Bank Checking Account Rates

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

FinWise Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.36%$500-60 Month Certificate
1.26%$500-48 Month Certificate
1.11%$500-36 Month Certificate
0.90%$500-24 Month Certificate
0.75%$500-18 Month Certificate
0.60%$500-12 Month Certificate
0.50%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.75%$500-18 Month Fixed IRA
Locations


FinWise Bank Locations
Sandy Branch820 E 9400 SSandy, UT 84094

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