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Promotional Rates

You Get More When You Bank Well.
Check out our special promotional rates.
Promotional Rates
Rates Effective: January 3, 2017
ProductMinimum Opening DepositInterest RateMinimum Daily Balance to Earn Annual Percentage Yield (APY)Annual Percentage Yield 
Bankwell Choice Savings$100.000.99%Read More1.00%Read More
Bankwell Choice Preferred Savings$100.000.99%Read More1.00%Read More
Bankwell Choice Money Market$100.000.90%Read More0.90%Read More
Business Choice Money Market$100.000.90%Read More0.90%Read More
24-Month Bankwell SMART CD$1,000.001.39%$1,000.001.40%Read More
18-Month CD$1,000.001.09%$1,000.001.10%Read More
13-Month CD$1,000.001.04%$1,000.001.05%Read More
Promotional Rate Details
Rates Effective: January 3, 2017
ProductTerms
Bankwell Choice Savings1.00% APY (Annual Percentage Yield) and 0.99% Interest Rate guaranteed for all tiers of myBankwell Choice and Choice Preferred Savings accounts through 3/31/17. After that, the rate is variable and subject to change. You must have a linked myBankwell Choice or myBankwell Choice Preferred Checking account to open a myBankwell Choice or Choice Preferred Savings account and earn the APY. A minimum of $100 is required to open a myBankwell Choice or Choice Preferred Savings account. Offer for personal accounts only. Offer good for new money only (money not currently held on deposit at Bankwell.)
Bankwell Choice Preferred Savings1.00% APY (Annual Percentage Yield) and 0.99% Interest Rate guaranteed for all tiers of myBankwell Choice and Choice Preferred Savings accounts through 3/31/17. After that, the rate is variable and subject to change. You must have a linked myBankwell Choice or myBankwell Choice Preferred Checking account to open a myBankwell Choice or Choice Preferred Savings account and earn the APY. A minimum of $100 is required to open a myBankwell Choice or Choice Preferred Savings account. Offer for personal accounts only. Offer good for new money only (money not currently held on deposit at Bankwell.)
Bankwell Choice Money MarketAPY (Annual Percentage Yield). Offer valid for personal accounts only. APY and interest rate of .90% APY Rate is variable and subject to change. Rate effective 1/3/17. Minimum to open myBankwell Choice Money Market Account is $100. To earn the .90%APY, the myBankwell Choice Money Market Account must have a $100 minimum balance and the customer must also maintain a $2,000 average balance in a myBankwell Choice Checking Account for the current statement cycle OR $15,000 combined average balance in all linked personal checking, savings and money market accounts for the prior month OR recurring direct deposit AND 5 point of sale debit card transactions that post and clear during the current statement cycle. If the linked myBankwell Choice Checking account is closed, the myBankwell Choice Money Market account will earn the Bankwell Personal Money Market rate. On 1/3/17, that rate was .20% APY for balances up to $14,999.99. No minimum balance is required to earn the APY on this account. Rate is variable and subject to change. 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.
Business Choice Money MarketAPY Annual Percentage Yield. Offer valid for business accounts only. Business Choice Money Market Account interest rate is .90%. Rate is variable and subject to change. Rate effective 1/3/17. 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 1/3/17, 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.
24-Month Bankwell SMART CDRate 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.
18-Month CDRate 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.
13-Month CDRate 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.