Smart Rates

You Get More When You Bank Well.

Check out our special Smart Rates.

Personal Accounts: Open Online or at a Branch

Rates Effective: December 1, 2020

Product	Minimum Opening Deposit	Interest Rate	Minimum Daily Balance To Earn Annual Percentage Yield (APY)	Annual Percentage Yield	Learn More
Smart Checking	$100.00	0.15%	No minimum required	0.15%	Learn More
Smart Savings	$100.00	0.30% 0.35%	Learn More	0.30% 0.35%	Learn More

Personal Accounts

Rates Effective: December 1, 2020

Product	Minimum Opening Deposit	Interest Rate	Minimum Daily Balance To Earn Annual Percentage Yield (APY)	Annual Percentage Yield	Learn More
Smart Money Market	$100.00	0.35%	No minimum required	0.35%	Learn More

Business Accounts

Rates Effective: December 1, 2020

Product	Minimum Opening Deposit	Interest Rate	Minimum Daily Balance to Earn Annual Percentage Yield (APY)	Annual Percentage Yield	Learn More
Smart Business Money Market	$2,500.00	0.50% 0.15%	$250,000.00 and up Up to $249,999.99	0.50% 0.15%	Learn More

Certificates of Deposit: Open Online or at a Branch

Rates Effective: December 1, 2020

Product	Minimum Opening Deposit	Interest Rate	Minimum Daily Balance to Earn Annual Percentage Yield (APY)	Annual Percentage Yield	Learn More
12-Month CD	$1,000.00	0.40%	$1,000.00	0.40%	Learn More

Promotional Rate Details

Rates Effective: December 1, 2020

Product	Details
Smart Checking	APY (Annual Percentage Yield) for Smart Checking is 0.15% APY and interest rate is 0.15%. Rate is variable and subject to change after the accounts is open. Minimum of $100 is required to open a Smart Checking account. Smart Checking is free of monthly maintenance charges.
Smart Savings	Rate is variable and subject to change after the account is open. Rate effective 12/1/20. APY (Annual Percentage Yield) for Smart Savings is 0.35% and interest rate is 0.35% when you have an active Smart Checking account with one of the following electronic transactions: direct deposit or ACH debit or point of sale transactions that post and clear in the current statement cycle. If these conditions are not met during a statement cycle, the Smart Savings account will earn 0.30% APY and 0.30% interest. A minimum of $100 is required to open a Smart Savings account. Fees may reduce earnings.
Smart Money Market	Rate is variable and subject to change after the account is open. Rate effective 12/1/20. APY (Annual Percentage Yield) for Smart Money Market is 0.35% and interest rate is 0.35%. The minimum to open a Smart Money Market account is $100. Excessive transfers or withdrawals may result in fees.
Smart Business Money Market	Offer valid for business accounts only. Variable rate effective 12/1/20 and subject to change. Smart Business Money Market Account APY (Annual Percentage Yield) is 0.50% and interest rate is 0.50% for balances of $250,000.00 and up and 0.15%APY and Interest rate of 0.15% for balances up to $249,999.99. 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 12/1/20, 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.
12-Month CD	APY (Annual Percentage Yield) is 0.40% and Interest Rate is 0.40%. APY effective 12/1/20 and subject to change. $1,000 minimum opening deposit to open the account and earn APY. Must maintain a minimum daily balance of $1,000 in the account each day to obtain the APY. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. 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.