Fixed Rate Certificates of Deposit (CD)

Features

Minimum opening deposit required is $500
FDIC insured
Automatically renewed at maturity
20-day grace period from the maturity date to change the investment terms or withdraw your funds without being charged a penalty
Electronic funds (ACH) transfer available to fund a CD

Interest

Compounded daily
Begins to accrue on the day your deposit is received at State Farm Bank®.
Paid at maturity on 90 and 180-day CDs
Interest payments for 1, 2, 3, 4 and 5-year CDs can be added to the CD; paid by check; deposited to a State Farm Bank account, or electronically (ACH) transferred to another institution.

Statements

No statement mailed for customers having only a 90-day or 180-day CD
Customers who have other accounts for which they are receiving monthly statements can combine their 90-day and/or 180 day CD to their existing statement
Mailed monthly for 1, 2, 3, 4 and 5-year CDs
Can be combined with other State Farm Bank accounts
Available in Spanish

CD Rates

Rates for CD accounts

Rates for other account types

How to apply

Convenient ways to apply for a Fixed Rate CD:

Apply online
Contact a participating State Farm agent.
Call State Farm Bank toll-free at 1-877-SF4-BANK (1-877-734-2265)

Disclosures

Convenient Access

Internet
Mail
Phone

Planning for retirement?

State Farm Bank also offers Individual Retirement Accounts. Learn more about our IRA CDs

An IRA allows you to accumulate earnings on a tax-deferred basis. The IRA Learning Center is a great place to start planning.

Save tax-free for your child's education

State Farm Bank also offers the Coverdell Education Savings Account CD.

The annual percentage yield assumes principal and interest received is reinvested at the account interest rate.

Federal regulations require that interest paid on CDs be based on the actual number of days on deposit.

If any of the principal is withdrawn before the maturity date, a penalty of 90 days' interest on the principal withdrawn, earned or not, may be imposed for certificates with terms of 1 year or less. A penalty of 180 days' interest, on the principal withdrawn, earned or not, may be imposed for any withdrawal of principal for certificates with terms of greater than 1 year.