Grow your savings with Bankwell Direct

Achieve your financial goals faster with market-leading rates.

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Find the Right Account for You

Flexible options to suit both short and long-term needs.
Let us help you get there.

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Digital High-Yield Savings

4.25% APY*

Grow your savings with a Digital High-Yield Savings Account

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Digital 6 Month CD

4.60% APY*

Lock in and earn with a guaranteed return on a Digital 6 Month CD

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Digital 12 Month CD

4.25% APY*

Lock in and earn with a guaranteed return on a Digital 12 Month CD

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Get Started Now

  • Savings rates up to 10x** the national average
  • FDIC insured to the maximum legal limits*** 
  • Quick account opening in minutes  

 

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FAQs

Bankwell Direct is part of Bankwell Financial Group, a publicly-traded commercial bank with more than $3.5 billion in assets with nine branch locations throughout southern Connecticut. When you open an account with Bankwell Direct, you are a Bankwell customer. We bring high tech, high touch and high quality banking with the expertise of our experienced team of professionals.

Opening an account is easy and takes only a few minutes. After you select the account you want to open, just enter your information, and follow simple steps to complete the account set up.

Yes, you can open joint accounts to share ownership of the account.

No checks are issued with this account.

Interest rates are updated periodically based on many factors, including market conditions.

Yes, our Client Support Center is there to assist you, M-F, from 8am – 6pm EST and is available through phone and chat. You can reach them through our website, mobile app or by calling 877-715-3265. We are there to answer your standard questions and address more complex transactions, account-related inquiries, or technical issues that may arise.

Yes, your deposits are FDIC insured by Bankwell in accordance with FDIC standards. You can visit www.FDIC.gov for more information. 

Yes, we have advanced security measures such as encryption, multi factor authentication and fraud detection systems to ensure the safety of your financial information.

Bankwell Direct is part of Bankwell’s online banking platform.  Visit Online Enrollment to enroll in online banking.  For access on the go, download the Bankwell app for your device.  

Still have questions?

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Ready to start earning more? Open your account today!

 

 

*Annual Percentage Yield (APY) is subject to certain terms and conditions. Digital High-Yield Savings APY is 4.25% and the Annual Interest Rate is 4.16%.  The rate is variable and has a $100 minimum to open and earn interest.  Fees may reduce earnings. Excessive transfers or withdrawals may result in fees. Digital 6 Month CD APY is 4.60% and the Annual Interest Rate is 4.49%.   Digital 12 Month CD APY is 4.25% and the Annual Interest Rate is 4.16%. $1,000 minimum to open a CD. Offer may be withdrawn at any time.   Penalty for early withdrawal. Fees may reduce earnings. Rate guaranteed for the full term of the CD. 

**10x based on FDIC monthly interest savings rate as of September 18, 2023.

***FDIC insurance is applicable to eligible deposit accounts and up to the maximum allowed by law. Learn more at FDIC: Deposit Insurance.