Fixed Rate Certificates of Deposit (CD)

Features

• Minimum opening deposit is $500
• Variety of Terms available ranging from 90 days to 5 years
• FDIC insured
• Automatically renewed at maturity
• 10 calendar day Grace Period after the maturity date to change the investment terms, or withdraw funds without being charged a penalty.  You may also increase the amount in your CD during the Grace Period.
• Fund a new CD by electronic transfer (ACH) when applying through a State Farm Agent’s office or by calling State Farm Bank® toll-free at 1-877-734-2265.
• Refer to the Truth in Savings Disclosures for more details 

Interest

• Compounded daily
• Begins to accrue on the business day your deposit is received at State Farm Bank’s Operation Center.
• Interest is paid at maturity on 90 and 180 day CDs 
• Interest may be credited to the account monthly for CDs with terms longer than 180 days.  These interest payments can be added to the CD; paid by check; deposited to a State Farm Bank account or electronically (ACH) transferred to another institution.

CD Rates

Rates for CD accounts
Rates for other account types

Statements

• Monthly statements for CDs with a term longer than 180 days
• Customers receiving monthly statements for other State Farm Bank Deposit Accounts can have their 90 day and/or 180 day CD account information included.
• Available in Spanish

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

Ready to get started?

Planning for retirement?

State Farm Bank also offers Individual Retirement Accounts (IRA). 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.