Money Market Savings Account

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.

With our money market savings account, you can safely save for the future while earning a great rate. Open an account with as little as $1,000 and if you maintain a $500 average daily balance or have a direct deposit (ACH credit) each statement cycle, the minimum balance fee is waived. A great interest rate, access to our full-featured online bank, mobile deposits on your smartphone², convenient 24-hour access, and a competitive interest rate — this account has it all!

Features and Benefits

• Open your money market savings account with as little as $1,000 and start earning interest.¹
• Earn interest with as little as $100.
• Variable, tiered interest rate.
• Interest is compounded daily and credited to your account monthly.
• This account is FDIC insured.
• No more waiting to make a deposit.
• 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.¹
• Overdraft protection available with a State Farm Bank deposit account or State Farm Visa® credit card.
• Free specialty checks.
• Free, convenient online banking and bill payment.
• Monthly statements available in English or Spanish.
• Statements available online or by mail.
• Free ATM card available.
• Withdrawals can be made by ATM, online transfer, mail, or telephone. Refer to the Truth in Savings Disclosures for additional details.

Compare Our Money Market Savings Account with our Checking Accounts

	Money Market Savings	Free Checking	Interest Checking
Minimum Balance Fee¹	No fee with direct deposit	No fee	No fee with direct deposit
Interest Eligible	has this feature	does not have this feature	has this feature
ATM Fee Rebate Eligible¹	has this feature	has this feature	has this feature
Minimum Opening Deposit	$1,000	$25	$100
Overdraft Protection	has this feature	has this feature	has 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).
• All account holders of a Checking, Interest Checking, or Money Market Savings 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 Compatible mobile phone required; enrollment and terms and conditions may apply.

¹ Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details.