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Smart Rates

You Get More When You Bank Well.
Check out our special Smart Rates.
Personal Accounts
Rates Effective: May 30, 2017
ProductMinimum Opening DepositInterest RateMinimum Daily Balance to Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
Smart Checking$100.000.15%No minimum required0.15%Learn More
Smart Savings$100.000.30%
1.14%
Learn More0.30%
1.15%
Learn More
Smart Money Market$100.000.30%
1.14%
$0 - $74,999.99
$75,000 Up
0.30%
1.15%
Learn More
Business Accounts
Rates Effective: May 30, 2017
ProductMinimum Opening DepositInterest RateMinimum Daily Balance to Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
Business Choice Money Market$2,500.000.90%Learn More0.90%Learn More
Certificates of Deposit
Rates Effective: May 30, 2017
ProductMinimum Opening DepositInterest RateMinimum Daily Balance to Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
12-Month CD$1,000.001.14%$1,000.001.15%Learn More
15-Month CD$1,000.001.29%$1,000.001.30%Learn More
18-Month CD$1,000.001.39%$1,000.001.40%Learn More
24-Month Bankwell SMART BUMP UP CD$1,000.001.49%$1,000.001.50%Learn More
24-Month Standard CD$1000.001.59%$1000.001.60%Learn More
Promotional Rate Details
Rates Effective: May 30, 2017
ProductDetails
Smart Checking
APY for Smart Checking is .15% APY and interest rate is .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 SavingsRate is variable and subject to change after the account is open. APY for Smart Savings is 1.15% and interest rate is 1.14% 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 .30% APY. A minimum of $100 is required to open a Smart Savings account. Fees may reduce earnings.
Smart Money MarketRate is variable and subject to change after the account is open. APY for Smart Money Market is 1.15% and interest rate is 1.14% for balances of $75,000 and over. Balances of less than $75,000 will earn .30% APY. The minimum to open a Smart Money Market account is $100. Excessive transfers or withdrawals may result in fees.
Business Choice Money MarketOffer valid for business accounts only. Business Choice Money Market Account interest rate is .90%. Rate is variable and subject to change. Rate effective 5/30/17. Minimum of $2,500 required to open a Business Choice Money Market account. The Business Choice Money Market Account must be linked to any Bankwell Business Checking account. If the linked Business Checking account is closed, the Business Choice Money Market account will adjust to earn the regular Business Money Market rate. On 5/30/17, that rate was .15% APY for balances up to $24,999.99 and .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 CDAPY (Annual Percentage Yield) is 1.15% and Interest Rate is 1.14%. APY effective 5/30/17 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.
15-Month CDAPY (Annual Percentage Yield) is 1.30% and Interest Rate is 1.29%. APY effective 5/30/17 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.
18-Month CDAPY (Annual Percentage Yield) is 1.40% and Interest Rate is 1.39%. APY effective 5/30/17 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.
24-Month Bankwell SMART BUMP UP CDAPY (Annual Percentage Yield) is 1.50% and Interest Rate is 1.49%. APY effective 5/30/17 and subject to change. The minimum balance to open and obtain the APY is $1,000. Rate guaranteed for the full term of the CD. The 24-month Bankwell SMART CD has a one-time option to exchange the rate for the rate we are then offering for the 24-month Bankwell SMART CD for the remaining term of the certificate. Upon making the exchange, you may make an additional one-time deposit. Penalty for early withdrawal. This offer is not available to brokers or financial institutions. Fees may reduce earnings. Offer may be withdrawn at any time.
24-Month Standard CDAPY (Annual Percentage Yield) is 1.60% and Interest Rate is 1.59%. APY effective 5/30/17 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. Rate does not apply to the 24-Month Bankwell SMART BUMP UP CD.