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Mutual Funds: Save, Invest & Plan
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- Start Planning
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- State Farm BankÆ Full Service Financial
Savings Account Overview
Start saving today with an opening deposit as low as $100. Convenient access to your account online, on the phone, or at an ATM keeps you in control of your financial future.
Highlights
- No more waiting in line to make a deposit.
- Open your savings account with only $100.¹
- Get up to $10 in ATM surcharge rebates per statement cycle.¹
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.
Need help planning? Visit our financial calculators.
Please enter a valid ZIP Code.
¹ Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details.
Whether youre saving for a new car or dream vacation, or just want the peace of mind that comes from knowing youre ready for the unexpected, our savings account will help you grow your money safely. This savings account offers online access and ATM surcharge rebates¹ and can provide overdraft protection for your State Farm Bank® deposit accounts. A savings account can be opened today with $100.
Features and Benefits
- No more waiting in line to make a deposit.
- Open your savings account with only $100.¹
- Get up to $10 in ATM surcharge rebates per statement cycle.¹
- This account is FDIC insured.
- Can be used as an overdraft protection account for a State Farm Bank deposit account.
- No fee for ATMs used that are owned by State Farm Bank®. Account will be rebated up to $10 per statement cycle when a foreign (non-State Farm Bank owned) ATM is used. Unlimited ATM surcharge rebates for foreign ATMs with direct deposit.²
- Monthly statements available in English or Spanish.
- Statements available online or by mail.
- Free ATM card available.
ATM Card
Day or night, our ATM card makes it easy for you to get cash or complete other financial transactions almost anywhere.
Features and Benefits
- Point-of-Sale Personal Identification Number (PIN) purchases (debit purchases) can be made from merchant terminals that display the NYCE®, PLUS®, PULSE®, or STAR® network logos.
- You get protection against unauthorized use, even if the card is lost or stolen.²
- Withdrawals, transfers, and balance inquiries can be made at ATMs that display NYCE;, PLUS;, PULSE;, or STAR; network logos.
Compare our Savings Products
| Savings Account | Money Market Savings | Fixed-Rate CDs | |
|---|---|---|---|
| Minimum Balance Fee¹ | No fee with direct deposit | No fee with direct deposit | No fee |
| Interest Eligible | has this feature | has this feature | has this feature |
| ATM Fee Rebate Eligible¹ | has this feature | has this feature | does not have this feature |
| Minimum Opening Deposit | $100 | $1,000 | $500³ |
| 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 |
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).
- All account holders of a Checking, Interest Checking, or Money Market Account must be at least age 13, and one account holder must be at least age 18.
- 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.
² Refer to the Electronic Funds Transfer (EFT) Customer Agreement for more details.
³ Minimum opening deposit for Fixed Rate CD less than $100,000 is $500.
Tell Us What You Think
Write Your ReviewSee What People are Saying
We value our customers opinions, and were always looking for ways to better serve them. Below you can read customer ratings and reviews of State Farm®. If youre a current State Farm customer, you can log in and share your opinion by writing your own review.
¹ Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details.