Individual Retirement Accounts (IRAs)

IRA Overview

If you’re interested in growing your savings for retirement without risking the loss of principal, one of our individual retirement accounts (IRAs) will meet your needs. These accounts offer tax advantages not available with other accounts, as well as competitive interest rates. You can also rest easy knowing your account is protected by FDIC insurance. We offer traditional and Roth IRAs as well as the flexibility to choose between a fixed rate certificate of deposit (CD) and a variable rate money market account.

To open your account, contact a State Farm® Agent or call State Farm Bank at 1-877-SF4-BANK (1-877-734-2265).

Contact Your Agent

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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 twelve and sixty months, we have a product that will meet your needs. Don’t lose sleep worrying about your retirement – our accounts are FDIC insured.

To open your account, contact a State Farm® Agent or call State Farm Bank at 1-877-SF4-BANK (1-877-734-2265).

IRA CD Features & Benefits

• Open your account with $500 and start earning interest.¹
• Available as either a traditional or Roth account (compare).
• Multiple terms available ranging from twelve months to sixty 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 penalty. You may also increase the amount in your CD during the grace period.
• 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).
• The account holder must be at least age 18.

• 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 protected thanks to the financial stability of State Farm Bank and the security of FDIC insurance. Whether you want to direct a portion of your paycheck toward retirement savings or withdraw funds without being charged a penalty by State Farm Bank, this account provides the convenience and flexibility you’re seeking.

To open your account, contact a State Farm® Agent or call State Farm Bank at 1-877-SF4-BANK (1-877-734-2265).

Features & Benefits

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

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IRA Money Market Eligibility

• The individual(s) on the account must have a Social Security Number (SSN), Tax Identification Number (TIN), or Individual Taxpayer Identification Number (ITIN).
• The account holder must be at least age 18.

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