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) when applying through a State Farm Agent’s office or by calling State Farm Bank® toll-free at 1-877-734-2265.
- 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
Rates for other account types
Convenient Access
- Phone
- 24/7 Call State Farm Bank toll-free at 1-877-SF4-BANK/1-877-734-2265
- Internet
- Home Banking Access
- Online transfers to and from your existing State Farm Bank accounts AND external bank accounts
- 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®, PLUS®, 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. Only three of these six transactions may be by check, draft, point-of-sale, or similar order to a third party. Important details.
Statements
- Mailed monthly
- Monthly statements can be viewed online
- 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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