What are the current interest rates at Bankwell Bank?

Current rates for Bankwell Bank include: 12-Month CD: 3.80%, Savings: 2.75%, MMA: 0.35%

MonitorBankRates

☰

Quick Poll The Fed raised rates 0.25% on Sept. 16. Will you move money into a higher-yield account?

Home›
Banks›
Bankwell Bank

iAdvertiser Disclosure

Bankwell Bank Rates & Review September 2026

Q: How many branches does Bankwell Bank operate?

Bankwell Bank currently maintains approximately 11 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 and Verified: September 18, 2026

Bankwell Bank's 12-Month CD rates are at 3.80%, 6-Month CD rates are at 3.70%. Bankwell Bank's savings rates are at 2.75%. 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 4.47%. Rates last updated and verified on 09/18/2026.

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.

Verified Healthy 2026 Use This Badge on Your Bank Website

Overall Health & Safety Grade

A+

Exceptional Health Score: 98/100

MonitorBankRates Rating

5.0

Exceptional Out of 5.0 Stars

Texas Ratio

4.47%

Excellent Lower than avg

Health Trend

Improving 12 quarters

Full history ›

Bankwell Bank

156 Cherry St
New Canaan, CT 06840

https://www.mybankwell.com

Bankwell Bank Savings Rates

Product	Rate	APY	View More
Smart Savings	2.71%	2.75%
Min Deposit $100 Details Rate is variable and subject to change after the account is open. Rate effective 08/10/2026. 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 09/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.47%

Bankwell Bank Money Market Rates

Product	Rate	APY
Smart Money Market	2.71%	2.75%
Min Deposit $100 Details Rate is variable and subject to change after the account is open. Rate effective 08/10/2026. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees. Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.47%
Money Market	-	0.35%
Min Deposit $2,500 Last Updated 09/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.47%

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 09/18/2026 Institution Ratings 5.0 Star Rating A+ Health Grade ◈ Texas Ratio: 4.47%

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.

Financial Health History

Bankwell Bank’s Texas Ratio fell from 15.53% in Q3 2023 to 4.47% in Q2 2026, so its financial health has improved and is now very strong over the past 12 quarters. Over the same period its Star Rating moved from 5.0 to 5.0 and its Health Grade from A- to A+. Lower Texas Ratios are healthier; the green zone below the amber 15% line is where a bank must stay to qualify for the MBR Verified Healthy badge. Hover over or tap a point for that quarter’s figures.

Swipe the chart sideways to see every quarter.

Texas Ratio, left axis (lower is healthier)MBR Star Rating, right axis (1 to 5)Health Grade15% Verified Healthy limit (green zone below = healthy)

How to read this chart: the two lines move in opposite directions by design. The Texas Ratio (blue) measures trouble, so a rising blue line means more non-performing assets against capital. The Star Rating (green) and Health Grade chips measure strength, so they fall when the Texas Ratio climbs and recover when it drops.

Show the quarterly figures

Quarter	Total assets	Texas Ratio	Star Rating	Health Grade
June 30, 2026	$3.5B	4.47%	5.0	A+
March 31, 2026	$3.4B	5.43%	5.0	A+
December 31, 2025	$3.4B	4.69%	5.0	A+
September 30, 2025	$3.2B	5.26%	5.0	A+
June 30, 2025	$3.2B	7.45%	5.0	A
March 31, 2025	$3.2B	7.99%	5.0	A
December 31, 2024	$3.3B	18.84%	4.7	B+
September 30, 2024	$3.2B	20.18%	4.6	B
June 30, 2024	$3.1B	17.28%	4.8	B+
March 31, 2024	$3.2B	16.62%	4.9	A-
December 31, 2023	$3.2B	15.24%	5.0	A-
September 30, 2023	$3.2B	15.53%	5.0	A-

Source: FDIC call reports, MonitorBankRates analysis. Ratings shown are recomputed for each quarter with the current methodology and exclude member reviews.

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 20020422

FDIC Insurance Date 20020422

Domestic Offices 11

Total Branches 11

Regulator FDIC

FDIC Insured ✓ Yes — Up to $250,000

Financial Health & Assets

A+

Overall Health Grade Score: 98/100

5.0

Exceptional Out of 5.0 Stars

4.47%

Texas Ratio Nat'l avg: 5.85%

Return on Assets (ROA) 1.6067%

Return on Equity (ROE) 15.5100%

Non-Performing Loans (NPL) 0.46%

Total Assets $3,466,328,000

Total Deposits $3,035,317,000

Equity Capital $355,263,000

Net Income $27,271,000

Headquarters New Canaan

Total Branches and Offices 11

Source: FDIC | Last Updated 06/30/2026

2026 MBR Health & Safety Badge

Bankwell Bank earned the Verified Healthy badge

Display this badge on your website to show visitors your 2026 MonitorBankRates recognition. The badge links back to this profile page for independent verification.

Copy the HTML below and paste it into your website where you’d like the badge to appear. The badge image is hosted on MonitorBankRates — no need to download or upload anything.

<a href="https://monitorbankrates.com/banks/bankwell-rates-review-57368">
  <img src="https://www.monitorbankrates.com/wp-content/uploads/badges/mbr-badge-tier-c-2026.svg"
       alt="MonitorBankRates Verified Healthy Badge 2026"
       width="160" height="160">
</a>

Learn more about the MBR Health & Safety Badge program on our methodology page.

Customer Reviews

There are no reviews for Bankwell Bank yet. Feel free to create one below.

Looking for more bank and credit union reviews? Visit our Community Reviews hub to read what other members are saying, ask questions, and join the conversation.

Average Rating

☆☆☆☆☆

Total Reviews

Add Your Rating and Review for Bankwell Bank

Frequently Asked Questions About Bankwell Bank

How many branches does Bankwell Bank operate?

Bankwell Bank currently maintains approximately 11 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.