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Overview / Commentary
801-545-6600
820 East 9400 South
Sandy, UT 84094

FinWise Bank is headquartered in Sandy and is the 41st largest bank in the state of Utah. It is also the 4,876th largest bank in the nation. It was established in 2000 and as of December of 2017, it had grown to 32 employees at 1 location. FinWise Bank's money market rates are 82% higher than the national average, and it has 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 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.



Health
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. FinWise Bank has a relatively low asset base.

Health Grade Components

Overall
FDIC Certificate #35323
Year Established2000
Employees32
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD3.8%
Return on Equity - YTD25.2%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$65.1MM$47.2MM
LoansQ4 2017vs Q4 2016$53.0MM$38.9MM
DepositsQ4 2017vs Q4 2016$53.6MM$40.5MM
Equity CapitalQ4 2017vs Q4 2016$11.0MM$6.5MM
Loan Loss AllowanceQ4 2017vs Q4 2016$918.00K$663.00K
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$0$83.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
Rates
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* 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*-Money Market Variable Account
OTHER TIERS: 0.25% Up to $25k | 0.40% $25k - $100k | 0.65% $100k - $250k

FinWise Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Consumer & Sole Proprietor NOW Account
0.15%--Interest Bearing Business Checking
0.00%--Consumer Free Checking

FinWise Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
1.25%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-18 Month Variable Certificate
Locations


FinWise Bank Locations
Utah Community Bank820 East 9400 SouthSandy, UT 84094

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