FinWise Bank
Popular Accounts at this Bank
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.63% | 5-year CD | 60 Month Certificate 2.50% - Ally Bank High Yield 5 Year CD |
| 1.25% | 1-year CD | 12 Month Certificate |
| 0.25% | Savings | Consumer Statement Savings |
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.
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.
Data as of Q4 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 35323 |
| Year Established | 2000 |
| Employees | 32 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 3.8% |
| Return on Equity - YTD | 25.2% |
| Annual Interest Income | $3.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2017vs Q4 2016 | $65.1MM$47.2MM |
| Loans | Q4 2017vs Q4 2016 | $53.0MM$38.9MM |
| Deposits | Q4 2017vs Q4 2016 | $53.6MM$40.5MM |
| Equity Capital | Q4 2017vs Q4 2016 | $11.0MM$6.5MM |
| Loan Loss Allowance | Q4 2017vs Q4 2016 | $918.00K$663.00K |
| Unbacked Noncurrent Loans | Q4 2017vs Q4 2016 | $0$83.00K |
| Real Estate Owned | Q4 2017vs Q4 2016 | $0$0 |
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.25% | - | - | Consumer Statement Savings | |
| 0.25% | - | - | Business Statement Savings |
FinWise Bank Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Consumer & Sole Proprietor NOW Account | |
| 0.15% | - | - | Interest Bearing Business Checking | |
| 0.00% | - | - | Consumer Free Checking |
FinWise Bank CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW 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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.00% | $500 | - | 18 Month Variable Certificate |
| FinWise Bank Locations | ||
|---|---|---|
| Utah Community Bank | 820 East 9400 South | Sandy, UT 84094 |