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Money Market Accounts

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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

Ready to get started?

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