Fixed Rate Individual Retirement Account (IRA) Certificates of Deposit

Features

Minimum opening deposit required $500
Traditional and Roth IRA CDs offered
FDIC insured
Automatically renewed for the same term at maturity
Additional deposits of $100 or more can be made to a 1-year term IRA CD. View details
You have 10 calendar days (grace period) from the maturity date to withdraw your funds without being charged a penalty by State Farm Bank. Consult your tax advisor to determine applicable IRS policy regarding income taxes or IRS penalties.
Distributions: Normal distributions will be allowed without incurring an early withdrawal penalty for customers who have reached age 59^1/2. Transfers or Rollovers to another IRA CD are not considered normal distributions.

Interest

Compounded daily and credited to the account monthly
Begins to accrue on the day your deposit is received at State Farm Bank®

Statements

Mailed monthly
Can be combined with other State Farm Bank accounts
Available in Spanish

Convenient Access

Internet
Mail
Phone

IRA CD Rates

Rates for IRA CD accounts

Rates for other account types

How to apply

Convenient ways to apply for a Fixed Rate IRA CD:

Contact a participating State Farm agent.
Call State Farm Bank toll-free at 1-877-SF4-BANK / 1-877-734-2265

Disclosures

Ready to get started?

If any of the principal is withdrawn before the maturity date, a penalty of 90 days' interest on the principal withdrawn, earned or not, may be imposed for certificates with terms of 1 year or less. A penalty of 180 days' interest, on the principal withdrawn, earned or not, may be imposed for any withdrawal of principal for certificates with terms of greater than 1 year.