Fixed Rate Certificates of Deposit (CD)

Features

• Minimum opening deposit is $500
• Variety of Terms available ranging from 3 months to 60 months
• FDIC insured
• Fund a new CD by electronic transfer (ACH)
• Free, convenient, and secure online statements available
• 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.
• 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 earned will be credited to the account at maturity for CDs with a term less than 12 months. Interest may be credited to the account at maturity, monthly, quarterly, or semi-annually for CDs with a term of 12 months. For terms longer than 12 months, interest may be credited to the account monthly, quarterly, semi-annually or annually.
• 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

How to Apply

• 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?

Save tax-free for your child's education

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