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Smart Rates

You Get More When You Bank Well.

Check out our special Smart Rates.
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Personal Accounts
Rates Effective: October 2, 2023
ProductMinimum Opening DepositInterest RateMinimum Daily Balance To Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
Smart Checking$25.000.15%No minimum required0.15%Learn More
Smart Savings $100.003.44% No minimum required3.50% Learn More
Personal Accounts
Rates Effective: October 2, 2023
ProductMinimum Opening DepositInterest RateMinimum Daily Balance To Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
Smart Money Market$100.003.44%No minimum required3.50%Learn More
High Yield Money Market$100.004.16%
3.44%		$100,000.00
Up to $99,999.99		4.25%
3.50%		Learn More
Business Accounts
Rates Effective: October 2, 2023
ProductMinimum Opening DepositInterest RateMinimum Daily Balance to Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
Smart Business Money Market$2,500.000.35%
0.15%		$250,000.00 and up
Up to $249,999.99		0.35%
0.15%		Learn More
Certificates of Deposit
Rates Effective: March 4, 2024
ProductMinimum Opening DepositInterest RateMinimum Daily Balance to Earn Annual Percentage Yield (APY)Annual Percentage YieldLearn More
6 Month CD$1,000.005.12%$1,000.005.25%Learn More
12 Month CD$1,000.004.88%$1,000.005.00%Learn More
18 Month CD$1,000.004.16%$1,000.004.25%Learn More
Promotional Rate Details
Rates Effective: March 4, 2024
ProductDetails
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 $25 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. Rate effective 04/10/23. APY (Annual Percentage Yield) for Smart Savings is 3.50% and interest rate is 3.44%. 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.
Smart Money MarketRate is variable and subject to change after the account is open. Rate effective 04/10/23. APY (Annual Percentage Yield) for Smart Money Market is 3.50% and interest rate is 3.44%. The minimum to open a Smart Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees.
High Yield Money MarketRate is variable and subject to change after the account is open. Rate effective 04/10/23. APY (Annual Percentage Yield) for High Yield Money Market is 4.25% and interest rate is 4.16% for balances of $100,000.00 and above. For balances up to $99,999.99, the APY is 3.50% and interest rate is 3.44%. The minimum to open a High Yield Money Market account is $100. Fees may reduce earnings. Excessive transfers or withdrawals may result in fees.
Smart Business Money MarketOffer valid for business accounts only. Variable rate effective 10/18/21 and subject to change. Smart Business Money Market Account APY (Annual Percentage Yield) is 0.35% and interest rate is 0.35% 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 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.
6 Month CDAPY (Annual Percentage Yield) is 5.25% and Interest Rate is 5.12%. APY effective 03/04/2024 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.
12 Month CDAPY (Annual Percentage Yield) is 5.00% and Interest Rate is 4.88%. APY effective 03/04/2024 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 4.25% and Interest Rate is 4.16%. APY effective 02/20/2023 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.