Money Market Accounts
Features
- Minimum opening deposit is $1,000
- Minimum balance to earn interest is $100
- Variable, Tiered Interest Rate
- FDIC insured
- 24-hour account access via phone and Internet
- Several easy methods to make deposits
- Fund a new Money Market Account by electronic transfer (ACH).
- Overdraft protection available if you have a State Farm Bank® Savings Account or State Farm Bank Visa®
- Can be used as Overdraft protection account for State Farm Bank Checking or Interest Checking Accounts
- Blue Specialty checks are free
- All account holders must be at least age 13 and one person named on the account must be at least age 18
- Refer to the Truth in Savings Disclosures for more details
Interest
- Compounded daily and credited to the account monthly
- Begins to accrue on the business day your deposit is received at State Farm Bank’s Operation Center
Money Market Account Rates
Rates for Money Market accounts
Convenient Access
- Phone
- 24/7 Call State Farm Bank toll-free at 1-877-SF4-BANK/1-877-734-2265
- Internet
- Free online banking and convenient bill payment
- Online transfers to and from your existing State Farm Bank accounts AND external bank accounts on which you are an accountholder.
- View posted check images online
- Mail
- Postage paid envelopes
- Overnight deposits are free for deposits of $100 or more Learn How
- ATM
- ATM fee rebates
- Deposits can be made at ATMs owned by State Farm Bank or at full-service ATMs that participate in deposit-sharing and display NYCE®, PULSE®, or STAR® logos
Transactions
- Unlimited withdrawals by ATM, mail, and withdrawals requested by telephone payable to you.
- A maximum of six (6) transfers each monthly cycle by check, pre-authorized or automatic transfer, draft, point of sale, telephone and/or electronic banking, such as Bill Pay. Important details.
Statements
- Mailed monthly or switch to online statements
- Online statements are free, secure, and convenient
- Can be combined with other State Farm Bank Deposit Accounts
- Available in Spanish
How to Apply
Convenient ways to apply for a Money Market Account:
Fees may reduce earnings
Disclosures
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