Digital Certificates of Deposit

Lock in your savings in a CD up to 5.25% APY and get a guaranteed return on your investment.

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Digital 6 Month CD

5.25% APY*

  • Interest compounded daily
  • No monthly service fee
  • FDIC insured
  • Guaranteed returns
  • $1,000 minimum opening deposit
Apply now

Digital 12 Month CD

5.00% APY*

  • Interest compounded daily
  • No monthly service fee
  • FDIC insured
  • Guaranteed returns
  • $1,000 minimum opening deposit
Apply now

Reasons to Love Bankwell Direct


Stay Safe With FDIC Insurance

All accounts are FDIC insured to the maximum legal limits.

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Open Your Account in Minutes

No need to talk to a person; create your account 100% online.

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Strong Returns Guaranteed

Once your account is opened, lock in a high interest rate and watch your money grow.

4x the national average CD account rate with no monthly service fee



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.

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 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.  

Ready to lock-in these amazing rates? Open your account today!



*Annual Percentage Yield (APY) is subject to certain terms and conditions.  Digital 6 Month CD APY is 5.25% and the Annual Interest Rate is 5.12%. Digital 12 Month CD APY is 5.00% and the Annual Interest Rate is 4.88%. $1,000 minimum to open a CD. You will earn interest for every day during the period that your account equals or exceeds the minimum daily balance requirement. Penalty for early withdrawal. Fees may reduce earnings. Rate guaranteed for the full term of the CD.

**4x based on FDIC monthly interest 6 month CD rate as of September 18, 2023.