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Bank of Farmington


TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Overview / Commentary
www.bankoffarmington.com
309-245-2441
16 North Main Street
Farmington, IL 61531

Bank of Farmington is headquartered in FARMINGTON and is the 184th largest bank in the state of Illinois. It is also the 2,875th largest bank in the nation. It was established in 1903 and as of December of 2024, it had grown to 40 employees at 5 locations. Bank of Farmington's money market rates are 3X the national average, and it has an A health rating.

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Health
A

Data as of Q4 2024

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #11732
Year Established1903
Employees40
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD4.75%
Annual Interest Income$11.2MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$227.2MM$228.8MM
LoansQ4 2024vs Q4 2023$166.4MM$170.1MM
DepositsQ4 2024vs Q4 2023$203.1MM$193.8MM
Equity CapitalQ4 2024vs Q4 2023$20.7MM$20.6MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.7MM$1.9MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$621K$831K
Real Estate OwnedQ4 2024vs Q4 2023$0$0
TODAY'S FEATURED RATES
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.54%
Our Rating
4.3  / 5
Peak Bank
Envision High Yield Savings
See Offer
Sponsored Note: Member FDIC: Insured up to $250,000. $100 Deposit Earns Interest Immediately.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.80%
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to 3.80% APY and up to $300 with direct deposit. Members can unlock our highest savings rate with direct deposit OR by depositing $5,000 or more every 30 days. Terms Apply. Member FDIC
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.30%
Our Rating
4.2  / 5
CIT Bank
Platinum Savings
See Offer
Sponsored Note: Get up to a $300 Cash Bonus. FDIC Insured. See site for details.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
3.70%
Our Rating
4.3  / 5
American Express®
High Yield Savings Account
See Offer
Sponsored Note: Interest compounds daily, deposited monthly
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.39%
Our Rating
3.6  / 5
Valley National Bank
High-Yield Savings Account Via Raisin
See Offer
Sponsored Note: Valley National Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
APY APY = Annual Percentage Yield Rates as of 3/18/2025
4.25%
Our Rating
3.7  / 5
Sallie Mae Bank
14 Month High-Yield CD Via Raisin
See Offer
Sponsored Note: Sallie Mae Bank, Member FDIC. $1 minimum, with no fees to open and maintain through Raisin. $250 bonus for new customers with a minimum deposit of $25,000 with promo code GET250.
Member FDIC
Bonus Amount
up to $300
Our Rating
4.3  / 5
SoFi® Bank, N.A.
SoFi Checking and Savings
See Offer
Sponsored Note: Earn up to $300 with direct deposit, plus 2-day-early-pay. FDIC insured!
Rates
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Always verify rates and promotions with the bank or credit union. We are not Bank of Farmington; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Bank of Farmington Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$1k-Choice Savings
0.30%$0-Savings
0.30%$10-Christmas Club Account

Bank of Farmington Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%*$250k*-Premiere Money Market
OTHER TIERS: 0.80% → $1k - $10k | 0.90% → $10k - $25k | 1.00% → $25k - $50k | 1.10% → $50k - $100k | 1.20% → $100k - $150k | 1.30% → $150k - $250k

Bank of Farmington Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Investment Checking
OTHER TIERS: 0.15% → $1k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k

Bank of Farmington CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.66%$5k-13 Month CD Special
2.27%$1k-60 Month CD
2.22%$1k-48 Month CD
2.17%$1k-36 Month CD
2.12%$1k-30 Month CD
2.07%$1k-24 Month CD
1.91%$1k-18 Month CD
1.76%$1k-12 Month CD
1.61%$1k-6 Month CD
1.46%$1k-3 Month CD
Locations


Bank of Farmington Locations
Bank Of Farmington16 N Main StFarmington, IL 61531
Bank Of Farmington At Canton Branch2115 N Main StCanton, IL 61520
Williamsfield Br206 Lions DriveWilliamsfield, IL 61489
Bank Of Farmington Branch7810 N. Route 91Peoria, IL 61615

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