What are the current interest rates at Bankwell Bank?

Current rates for Bankwell Bank include: 12-Month CD: 3.80%, 18-Month CD: 3.25%, Savings: 3.00%, MMA: 0.35%

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Bankwell Bank Rates & Review April 2026

Q: How many branches does Bankwell Bank operate?

Bankwell Bank currently maintains approximately 9 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Q: Is there a first-time homebuyer program?

Currently, Bankwell Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Q: Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bankwell Bank provides members with tools to manage their accounts and build a solid financial history.

Content reviewed by

Brian McKay

| Editorial Disclosure | ✓Fact Checked | Rates Last Updated: April 16, 2026

Bankwell Bank's 12-Month CD rates are at 3.80%, Digital 7-Month CD rates are at 3.75%, 6-Month CD rates are at 3.70%, 18-Month CD rates are at 3.25%. Bankwell Bank's savings rates are at 3.00%. Bankwell Bank's money market rates are at 0.35%. MonitorBankRates evaluates the financial stability of Bankwell Bank with a 5.0 Star Rating, an A- Overall Health Grade, and a Texas Ratio of 15.53%. Rates were last updated on 04/16/2026.

Bankwell Bank money market rates, and other rates, are continually updated to reflect market conditions. We recommend checking back frequently to get the best money market rates and other rates available. Have you opened an account or have any experiences at Bankwell Bank? Share your experience about Bankwell Bank by leaving a review below, or read customer reviews before you decide to use Bankwell Bank.

Overall Health & Safety Grade

A-

Very Good Health Score: 92/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

15.53%

Good Higher than avg

Bankwell Bank

156 Cherry St
New Canaan, CT 06840

https://www.mybankwell.com

Bankwell Bank CD Rates

Product	Rate	APY	Term
12 Month CD	3.73%	3.80%	12
Min Deposit $1,000 Min Balance $1,000 Details APY effective 12/18/2025 and subject to change. $1,000 minimum opening deposit to open the account and earn APY. Rate guaranteed for the full term of the CD. Penalty for early withdrawal. Fees may reduce earnings. This offer is not available to brokers or financial institutions. Offer may be withdrawn at any time. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%
Digital 7 Month CD	3.68%	3.75%
Min Deposit $1,000 Min Balance $1,000 Details APY effective 12/18/2025 and subject to change. $1,000 minimum opening deposit to open the account and earn APY. Rate guaranteed for the full term of the CD. Penalty for early withdrawal. Fees may reduce earnings. This offer is not available to brokers or financial institutions. Offer may be withdrawn at any time. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%
6 month CD	3.63%	3.70%	6
Min Deposit $1,000 Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%
18 Month CD	3.20%	3.25%	18
Min Deposit $1,000 Min Balance $1,000 Details APY effective 12/18/2025 and subject to change. $1,000 minimum opening deposit to open the account and earn APY. Rate guaranteed for the full term of the CD. Penalty for early withdrawal. Fees may reduce earnings. This offer is not available to brokers or financial institutions. Offer may be withdrawn at any time. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%

Bankwell Bank Savings Rates

Product	Rate	APY	View More
Smart Savings	2.96%	3.00%
Min Deposit $100 Details Rate is variable and subject to change after the account is open. Rate effective 12/18/2025. The minimum to open a Smart Savings account is $100. Smart Savings is free of monthly maintenance charges. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%

Bankwell Bank Money Market Rates

Product	Rate	APY
High Yield Money Market	3.44%	3.50%
Min Deposit $100 Min Balance $100,000 Details Rate is variable and subject to change after the account is open. Rate effective 12/18/2025. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%
Smart Money Market	2.96%	3.00%
Min Deposit $100 Details Rate is variable and subject to change after the account is open. Rate effective 12/18/2025. The minimum to open a Smart Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%
Money market account	-	0.35%
Min Deposit $2,500 Details Must be linked to a business checking account Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%
Smart Business Money Market	0.35%	0.35%
Min Deposit $2,500 Min Balance $250,000 Details Offer valid for business accounts only. Variable rate effective 10/18/21 and subject to change. Minimum of $2,500 required to open a Smart Business Money Market account. The Smart Business Money Market Account must be linked to any Bankwell Business Checking account to earn the premium rates. Minimum of $100 required to open a Bankwell Business Checking account. If the linked Business Checking account is closed, the Smart Business Money Market account will adjust to earn the regular Business Money Market rate. On 10/18/21, that rate was 0.15% APY for balances up to $24,999.99 and 0.30% APY for balances of $25,000 and up. New money required (money may not be currently held on deposit at Bankwell). Federal regulations limit transactions to six transfers from your account per four week period. Excessive transfers or withdrawals will result in additional fees. Fees may reduce earnings. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%

Bankwell Bank Checking Rates

Product	Rate	APY	View More
Smart Checking	0.15%	0.15%
Min Deposit $25 Details Rate is variable and subject to change after the accounts is open. Minimum of $25 is required to open a Smart Checking account. Smart Checking is free of monthly maintenance charges. Last Updated 04/16/2026 Institution Ratings 5.0 Star Rating A- Health Grade ◈ Texas Ratio: 15.53%

Important: Rates, terms, and conditions are subject to change without notice. The rates displayed are for information purposes only. Please confirm all rates and terms directly with the financial institution. We strive to keep this information accurate but cannot guarantee it.
Banks and Credit Unions: If you identify an incorrect rate or wish to request the removal of your institution's data from MonitorBankRates.com, please contact us here.

Methodology & Data Sources

MonitorBankRates Star Rating: Our rating for Bankwell Bank is derived from comprehensive financial data published quarterly by the FDIC. Our proprietary rating system evaluates financial stability (including the Texas Ratio and capitalization) and combines it with customer feedback (user reviews) to help you make informed banking decisions.

Texas Ratio: We calculate the Texas Ratio using standard industry methodology. This ratio compares the bank's non-performing assets to its tangible common equity and loan loss reserves to assess financial health.

Rate Data Aggregation: We gather Bankwell Bank rates using proprietary online rate aggregation technology. Our systems scan constantly to provide the most recent rates available to our visitors.

Disclaimer: Interest rates are variable and subject to change without notice. While we strive for accuracy, rates can change rapidly based on market conditions. It is always advisable to check with Bankwell Bank's official website for the most current offers and terms.

Bank Profile & Overview

Institution Name Bankwell Bank

Bank Holding Company BANKWELL FINANCIAL GROUP INC

Address 156 Cherry St, New Canaan, CT 06840 · Western Connecticut

Website https://www.mybankwell.com

FDIC Certificate # 57368

Established 04/22/2002

FDIC Insurance Date 04/22/2002

Domestic Offices 9

Total Branches 9

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A-

Overall Health Grade Score: 92/100

5.0

Exceptional Out of 5.0 Stars

15.53%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.3580%

Return on Equity (ROE) 14.4600%

Non-Performing Loans (NPL) 1.46%

Total Assets $3,353,033,000

Total Deposits $2,851,199,000

Equity Capital $348,347,000

Net Income $41,236,000

Headquarters New Canaan

Total Offices 9

Source: FDIC | Last Updated 12/31/2025

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Frequently Asked Questions About Bankwell Bank

Is Bankwell Bank a safe place to deposit money?

Yes, Bankwell Bank is considered a safe financial institution. With a Texas Ratio of 15.529516886936%, the institution's financial health is rated as excellent. Your accounts are federally insured by the FDIC (Federal Deposit Insurance Corporation) up to $250,000 per depositor, for each account ownership category.

How many branches does Bankwell Bank operate?

Bankwell Bank currently maintains approximately 9 branch location(s). Physical branches allow members to access in-person services such as notary consultations and safe deposit boxes.

Is there a first-time homebuyer program?

Currently, Bankwell Bank does not list a specific first-time homebuyer program, but they provide a range of mortgage and home equity products to assist members with property financing.

Are credit management and repair services offered?

While formal credit repair services are not currently listed, Bankwell Bank provides members with tools to manage their accounts and build a solid financial history.

Does Bankwell Bank offer online and mobile banking?

Most modern institutions like Bankwell Bank provide digital access. This includes the ability to check balances, transfer funds, deposit checks via mobile app, and view statements online. You can usually find these services at their official website: https://www.mybankwell.com.