Fixed-Rate Certificate of Deposit (CD)

State Farm Bank® delivers competitive interest rates on a host of checking and savings accounts, low APRs on credit cards, and affordable rates on home and vehicle loans. Enter your ZIP Code below to see the current rates for your area.

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¹ Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details. Minimum opening deposit for Fixed Rate CD less than $100,000 is $500.

Our fixed-rate CD offers a competitive interest rate and the peace of mind provided by FDIC insurance. You get a fixed interest rate over the life of the CD — and with terms from 3 months to 60 months, you can select a CD that meets your needs. A great option if you’re looking for predictable income or a way to grow your savings.

Features and Benefits

• Open your CD today with as little as $500 and start earning interest.¹
• Multiple terms available, ranging from 3 to 60 months.
• Interest is compounded daily.
• Automatic renewal at maturity so you can continue to earn interest through your grace period.
• Ten-calendar-day grace period after the maturity date to change the investment term or withdraw funds without being charged a penalty. You may also increase the amount in your CD during the grace period.¹
• This account is FDIC insured.
• Free online statements.
• For your convenience, interest payments can be added to the CD, paid by check, deposited to a State Farm Bank® account, or electronically transferred to an account at another institution.

Compare Our Savings Products

	Fixed-Rate CDs	Money Market Savings	Savings Account
Minimum Balance Fee²	No fee	No fee with direct deposit	No fee with direct deposit
Interest Eligible	has this feature	has this feature	has this feature
ATM Fee Rebate Eligible¹	does not have this feature	has this feature	has this feature
Minimum Opening Deposit	$500¹	$1,000	$100
Overdraft Protection	does not have this feature	has this feature	does not have this feature
Online Banking	has this feature	has this feature	has this feature
Mobile Banking	has this feature	has this feature	has this feature

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Account Eligibility

• The individual(s) on the account must have a Social Security Number (SSN), Tax Identification Number (TIN), or Individual Taxpayer Identification Number (ITIN).
• Minors may be listed as the primary or secondary account holder. While we do allow minors as account holders, these accounts must be opened on the phone or through a State Farm® agent.

¹ Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details. Minimum opening deposit for Fixed Rate CD less than $100,000 is $500.

² Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details.

¹ Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details. Minimum opening deposit for Fixed Rate CD less than $100,000 is $500.