State Farm Bank Logo Like a good neighbor, State Farm is there Insurance Link Mutual Funds link
 

Savings Accounts

family relaxing on their porch

Features

  • Minimum opening deposit required is $100
  • If the primary account holder is 18 or older, minimum average daily balance of $100 or monthly electronic direct deposit to the account is required to waive the $3 monthly minimum balance fee.
  • If primary account holder is under age 18, a $5 monthly inactivity fee will apply if the account has no customer-initiated deposits or withdrawals during the previous 3 statement cycles and the minimum average daily balance is less than $100.
  • ATM fee rebates
  • Refer to Truth in Savings disclosure for fee details.
  • Free ATM card
  • 24-hour account access via phone and Internet
  • Interest earning
  • Can be used as Overdraft protection account
  • FDIC insured

Interest

  • Compounded daily
  • Credited at statement date

Statements

  • Mailed monthly
  • Can be combined with other accounts
  • Available in Spanish

Transactions

  • Unlimited withdrawals by ATM, mail, and withdrawals requested by telephone and made payable to you.
  • A maximum of six (6) pre-authorized automatic, Internet, or telephone-initiated transfers may be made each statement period. Important details


Convenient Access

  • ATM
  • Internet
  • Mail
  • Phone


Savings Account Rates

Rates for Savings accounts

Rates for other account types



How to apply

Convenient ways to apply for a Savings account:


Fees
may reduce earnings

Disclosures


State Farm Bank does not return cancelled checks or deposit slips

Ready to get started?


State Farm Bank® Resource Center


Banking News Center


Safeguarding Your Security

State Farm Bank State Farm Bank® Lender Equal Housing Lender FDIC Member FDIC

Home > State Farm Bank > Bank Accounts