Bankwell Bank ranks poorly as compared against the national average. Bankwell Bank's six-month CD earns at a rate of 5.00% and the one-year CD earns at a rate of 5.50%, while its highest-yielding money market account earns at a rate of 4.25%. Given its below average savings rate, you should consider opting for higher earning savings accounts with other banks.

Bankwell Bank charges customers extremely low fees compared to the average U.S. bank. With no monthly fee, Bankwell Bank is perfect for those who want a basic checking account. For those who frequent the ATM, it is perfect because it has no out-of-network ATM fees. Bankwell Bank reimburses their out-of-network ATM charges, making getting cash a free and simple process.

with 9 total branches in Connecticut. With mobile and web apps, Bankwell Bank makes mobile banking convenient, even on the go. Bankwell Bank's online and mobile banking platforms get relatively high scores from users. With 29 customer reviews on iOS and Android platforms, the Bankwell Bank mobile app has an overall rating of 4.4 out of 5 (compared to the national average of 3.8). Bankwell Bank's mobile app allows you to control your finances by reviewing monthly statements, transferring funds as well as accessing customer service. Bankwell Bank receives an exceptional consumer satisfaction score based on comparatively few complaints filed with the Consumer Financial Protection Bureau (CFPB), a government agency that protects consumers in the financial sector.

$3.25 billion and deposits totaling $2.78 billion. It has an excellent Texas Ratio of 11.03%, signifying that Bankwell Bank is in excellent financial health and far from failure. Additionally, Bankwell Bank is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure.

WORSE BANK EXPERIENCE EVER. DO NOT USE THIS BANK. their IT and atm machines are from the dawn of technology, they "upgraded" their online banking which was tied to my Quickbooks online account which caused my book-keeping to need to be all re-entered at a hefty fee from a consultant. Their banking hours were changed unilaterally and shortened with just an e-mail from the bank, tellers at many of their branches are difficult to work with (particularly the Wilton branch) and I could go on from here. There is not a single positive thing I can say about this bank; run from it.