Saving for the future is essential.

Whatever you’re saving for, Farmington Bank can help. With a low minimum balance requirement to open the account and earn interest, our Statement Savings Account is a great place to start. Available in CT and MA.

Put away funds for the future and watch your balance grow

You may be saving for a special event, a vacation or a large purchase. Or perhaps you just want an emergency expense reserve. You’ve come to the right place. It's easy to open your account and start saving today.

  • Low $100 opening deposit requirement.
  • Free of monthly service charges1 when you maintain a $200 daily minimum balance ($1 fee applies otherwise).
  • Earns competitive interest with just a $100 balance.2
  • Set up automatic transfers from your Farmington Bank checking account in Online Banking or our Mobile App.
  • Comes with Farmington Bank ATM card.
  • Six total withdrawals and transfers allowed per statement cycle.

 

For complete account information, please refer to the Terms and Conditions of Your Account and the Schedule of Fees and Charges.

1 You will be assessed a $1.00 monthly charge each statement period that the daily minimum is not met. You will be assessed a $10.00 fee if the account is closed within one year of the date opened.
2 Refer to current rates page for interest rate, minimum balance requirement and APY (Annual Percentage Yield) information. Fees may reduce earnings on the account.

All savings accounts feature...

Secure Growth
Easy Application
FDIC Insurance
Online Banking
Mobile App

Contact Us