Digital High-Yield Savings Account

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.