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Rates, Fees and Disclosures

This page contains several disclosures and important notices that we are required to provide by law. Please review the rates, fees and disclosures that are relevant to your account(s) carefully. Printed versions of these materials are also available at any Farmington Bank branch office. Should you have any questions, contact us toll-free at 877-376-2265.

  • Terms and Conditions of Your Account-Business (pdf)
  • Overdraft Privilege Disclosure-Business (pdf)
  • Terms and Conditions of Your Account-Consumer (pdf)
  • Overdraft Privilege Disclosure-Consumer (pdf)
  • Overdraft Privilege Opt In to ATM and Debit Card Transactions (pdf)
  • Electronic Banking Agreement (pdf)
  • Schedule of Charges and Fees (pdf)
  • Interest Rates and APYs for Savings, Checking and Money Market Accounts
  • Online Account Opening Disclosure for CD Accounts
  • Interest Rates and Annual Percentage Yields (APY) for CD Accounts
  • Safe Deposit Box Fees and Charges
  • Taxpayer Backup Withholding Certification
  • Privacy and Opt-Out Notice (pdf)
  • Interest Rates and Annual Percentage Yields (APY)
    for Savings, Checking and Money Market Accounts

    Accurate as of:  

    Account Type Interest
    Rate
    Annual
    Percentage
    Yield
    (APY)
    Amount of Time
    Interest Rate
    In Effect1
    Interest
    Compounded
    Interest
    Credited
    Minimum
    Balance
    To Open
    Minimum
    Balance
    Required
    To Earn
    Annual
    Percentage
    Yield
    Statement Savings† 0.10% 0.10% Variable Monthly Monthly $100.00 $100.00
    Better Than Free Checking N/A N/A N/A N/A N/A N/A N/A
    Student Checking2 N/A N/A N/A N/A N/A N/A N/A
    50 Plus Checking 0.05% 0.05% Variable Monthly Monthly $50.00 $100.00
    Direct Deposit Checking 0.05% 0.05% Variable Monthly Monthly $50.00 $100.00
    Platinum Checking Tiered Rate Account – Minimum balance shown for each tier must be maintained daily in order to earn the APY disclosed for that tier, on the entire balance.
    $100 – $2,499.99 0.05%     0.05% Variable Monthly Monthly $50.00 $100.00
    $2,500 and UP 0.10% 0.10% Variable Monthly Monthly $50.00 $2,500
    Consumer Money Market Account3 Tiered Rate Account – Minimum balance shown for each tier must be maintained daily in order to earn the APY disclosed for that tier, on the entire balance.
    $1.00 - $24,999 0.10% 0.10% Variable Monthly Monthly $1,000.00 $1.00
    $25,000 - $49,999 0.13% 0.13% Variable Monthly Monthly $1,000.00 $25,000
    $50,000 - $99,999 0.20% 0.20% Variable Monthly Monthly $1,000.00 $50,000
    $100,000 - $199,999 0.20% 0.20% Variable Monthly Monthly $1,000.00 $100,000
    $200,000.00 and UP 0.20% 0.20% Variable Monthly Monthly $1,000.00 $200,000    
    Business Money Market Account3 Tiered Rate Account – Minimum balance shown for each tier must be maintained daily in order to earn the APY disclosed for that tier, on the entire balance.
    $1.00 - $24,999 0.10% 0.10% Variable Monthly Monthly $1,000.00 $1.00
    $25,000 - $49,999 0.13% 0.13% Variable Monthly Monthly $1,000.00 $25,000
    $50,000 - $99,999 0.20% 0.20% Variable Monthly Monthly $1,000.00 $50,000
    $100,000 - $199,999 0.20% 0.20% Variable Monthly Monthly $1,000.00 $100,000
    $200,000.00 and UP 0.20% 0.20% Variable Monthly Monthly $1,000.00 $200,000    

     1 Interest rates may change after the account is opened. See Terms and Conditions of Your Account-Consumer for 
       additional information. 
    2 This account is free for students age 23 and under. When student reaches the age of 24, they will be moved into a Better Than Free checking account. 
    3 Fees may reduce earnings on your account. See Terms and Conditions of Your Account-Consumer  for additional
       information.

    † May be opened as a “Regular or IRA
    " account.

    »Back to top  

     

    Online Account Opening Disclosure for CD Accounts 

    Rates and Annual Percentage Yield (APY) information relative to your Certificate of Deposit (CD) can be found below. If you're opening your account online, your CD will be considered “open” after Farmington Bank approves your application and your opening deposit has been processed. Your full account disclosures will be sent after the opening process is complete.

     

    Interest Rates and Annual Percentage Yields (APY) for CD Accounts*

    Accurate as of:  

    Account Type Interest
    Rate
    Annual
    Percentage
    Yield
    (APY)
    Amount of Time
    Interest Rate
    In Effect
    Interest
    Compounded
    Interest
    Credited
    Minimum
    Balance
    To Open
    Minimum
    Balance
    Required
    To Earn
    Annual
    Percentage
    Yield
    7 Month Classic Certificate† 0.20%     0.20% Until Maturity Monthly Monthly $500.00 $500.00
    13 Month Classic Certificate† 0.25% 0.25% Until Maturity Monthly Monthly $500.00 $500.00
    25 Month Classic Certificate† 0.55% 0.55% Until Maturity Monthly Monthly $500.00 $500.00
    9 Month Liquid Certificate† 0.25% 0.25% Until Maturity Monthly Monthly $500.00 $500.00
    91 Day Certificate† 0.15% 0.15% Until Maturity Monthly Monthly $500.00 $500.00
    4 Month Certificate† 0.15% 0.15% Until Maturity Monthly Monthly $500.00 $500.00
    6 Month Certificate† 0.20% 0.20% Until Maturity Monthly Monthly $500.00 $500.00
    1 Year Certificate 0.25% 0.25% Until Maturity Monthly Monthly $500.00 $500.00
    18 Month Certificate† 0.35% 0.35% Until Maturity Monthly Monthly $500.00 $500.00
    2 Year Certificate† 0.55% 0.55% Until Maturity Monthly Monthly $500.00 $500.00
    2½ Year Certificate† 0.55% 0.55% Until Maturity Monthly Monthly $500.00 $500.00
    3 Year Certificate† 0.75% 0.75% Until Maturity Monthly Monthly $500.00 $500.00
    3½ Year Certificate† 0.75% 0.75% Until Maturity Monthly Monthly $500.00 $500.00
    4 Year Certificate 0.90% 0.90% Until Maturity Monthly Monthly $500.00 $500.00
    4½ Year Certificate 0.90% 0.90% Until Maturity Monthly Monthly $500.00 $500.00
    5 Year Certificate† 1.00% 1.00% Until Maturity Monthly Monthly $500.00 $500.00
    1 Year IRA Certificate 0.25% 0.25% Until Maturity Monthly Monthly $5.00 $5.00
    Variable 18 Month IRA CD 0.35% 0.35% Variable Monthly Monthly $100.00 $100.00
    100 Day Deferred Certificate 0.20% 0.20% Until Maturity N/A At Maturity $500.00 $500.00
    182 Day Deferred Certificate 0.20% 0.20% Until Maturity N/A At Maturity $500.00 $500.00

    * A penalty may be applied for early withdrawal. Fees may reduce earnings on your account. See Terms and Conditions of Your Account - Certificate of Deposit for more information.  
    † May be opened as a “Regular or IRA" account.

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      Safe Deposit Box Fees and Charges

      Size 1 Annual Rental Fee 2
      2 X 5 $ 50.00
      3 X 5 $ 60.00
      4 X 5 $ 75.00
      5 X 5 $ 85.00
      5 X 6 $ 90.00
      2 X 10 $ 100.00
      3 X 10 $ 120.00
      4 X 10 $ 130.00
      5 X 10 $ 150.00
      8 X 10 $ 160.00
      10 X 10 $ 200.00
      15 X 17 $ 300.00
      16 X 23 $ 350.00
      Lost Key Fee $ 30.00
      Drilling Fee $ 200 minimum

      1 Not all sizes are available at all branch locations

      2 Fee will be charged on anniversary date of opening date  

      »Back to top

        Taxpayer Backup Withholding Certification

        The Social Security Number you provide is your correct taxpayer identification number. You are not subject to backup withholding either because you have not been notified that you are subject to backup withholding as a result of a failure to report all interest or dividends, or the Internal Revenue Service has notified you that you are no longer subject to backup withholding. You certify under penalties of perjury the statements above and that you are a U.S. citizen.

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