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- State Farm BankÆ Full Service Financial
Individual Retirement Accounts Overview
Plan for tomorrow with peace of mind that your retirement funds will be there when you need them. We offer competitive rates on both our fixed-rate IRA CDs and our IRA money market products.
To open your account, contact a State Farm® agent or call State Farm Bank® at 877-SF4-BANK (877-734-2265).
Enjoy a competitive guaranteed interest rate for the selected term, as well as the benefits of savings in a tax-advantaged account.
Need help planning? Visit our financial calculators.
Please enter a valid ZIP Code.
IRA Certificate of Deposit
If youre 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 thats 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. Dont 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.
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 youre 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.
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.
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