Bank Information

What is the FDIC?

The Federal Deposit Insurance Corporation (FDIC) is a governmental agency, created in 1933, which insures deposits up to $100,000 or more per depositor, per bank, subject to certain conditions. The FDIC, in addition to providing you with this insurance, requires that insured financial institutions, like State Farm Bank®, follow an established set of requirements to promote safe and sound banking practices.

FDIC Home Page

Why is this important?
Subject to applicable limits, FDIC deposit insurance protects up to $100,000 of your:

• Checking Accounts
• Money Market Accounts
• Deposit Accounts
• Savings Accounts
• Certificates of Deposit
• Retirement Accounts*
  

FDIC deposit insurance protects up to $250,000 of your:

• Retirement Accounts*

*These accounts may be separately insured.