Individual Retirement Accounts (IRAs)

Enjoy a competitive guaranteed interest rate for the selected term, as well as the benefits of savings in a tax-advantaged account.

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IRA Certificate of Deposit

If you’re looking for a way to grow your retirement savings, our IRA certificates of deposit (CDs) offer a competitive rate, peace of mind, and the benefits of saving in a tax-advantaged account. You get a fixed interest rate that’s compounded daily over the life of the CD. With various terms available, between 12 to 60 months, we have a product that will meet your needs. Don’t lose sleep worrying about your retirement — our accounts are FDIC insured.

• Open your account with $500 and start earning interest.¹
• Available as either a Traditional or Roth plan (compare).
• Multiple terms available ranging from 12 months to 60 months.
• Interest is compounded daily.
• Automatic renewal at maturity so you 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 Bank penalty. You may also increase the amount in your CD during the grace period.
• 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.

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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).

¹ Refer to the Truth in Savings Disclosures for more details.

IRA Money Market

With our IRA money market account, you can safely save for retirement while earning a great rate. Your savings are FDIC insured. Whether you want to direct a portion of your paycheck toward retirement savings or withdraw funds without being charged a penalty, this account provides the convenience and flexibility you’re seeking.

• Open your account with $1,000 and start earning interest.¹
• Available as either a Traditional or Roth plan (compare).
• Interest is compounded daily and credited to your account monthly.
• Earn interest with as little as $100.
• Variable, tiered interest rate applies.
• This account is FDIC insured.
• Monthly statements available in English or Spanish.

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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).

¹ Refer to the Truth in Savings Disclosures for more details.