Savings Accounts
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
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
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