State Farm Bank® deposit accounts are FDIC insured.

More Benefits With More Accounts

With the right combination of accounts to meet your needs, you'll earn better banking benefits. From loan interest rate discounts to higher interest on deposit accounts, more accounts mean more benefits for you.

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Deposit Accounts

Credit Cards

Earn a Redemption Premium when you redeem your State Farm Loyalty Rewards® Points and apply them toward a qualifying State Farm Bank Checking or Interest Checking account.1

Vehicle Loans

It's all right here. New car loans, used car loans, and auto loan refinancing. Grab competitive annual percentage rates and 24/7 online account access with State Farm Bank and you're ready to roll.

Home Finance

Get a 0.25% discount5 on your home equity interest rate when you set up automated payment from your State Farm Bank deposit account.

Deposit Accounts

Earn a higher Annual Percentage Yield (APY) on Your Money Market Savings2 Account(s)

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2.00% (1.17% APY3 ) Introductory Rate4

For new State Farm Bank Consumer Money Market Savings customers.

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Relationship Rate2

Already have a State Farm Bank Consumer Money Market Savings? You can still earn a higher yield Relationship Rate on your money market account when you combine it with other qualifying State Farm Bank accounts.

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Silver Rate
Requires a Checking or Interest Checking account with
At least $2,500 daily balance 6, OR
At least 10 withdrawal transactions7
Gold Rate
Requires a Checking or Interest Checking account with
At least $2,500 daily balance6, OR
At least 10 withdrawal transactions7
A State Farm® Visa® credit card

Standard Rate
The Standard Rate applies instead of the Relationship Rate when your total withdrawal transactions7 on Your Checking or Interest Checking are less than 10 per statement cycle OR Your daily checking account balance is less than $2,5006. However, the account will be monitored to determine if it qualifies for a Relationship Rate in future account cycles.

Checking, Interest Checking, and Money Market Savings must be Consumer accounts to qualify. IRA Money Market, Estate, Uniform Transfer to Minors, and Business accounts are NOT eligible. State Farm Bank Business Visa credit cards are NOT eligible.

Credit Cards

State Farm® Rewards Visa® Redemption Premium

Earn a Redemption Premium when you redeem your State Farm Loyalty Rewards Points and apply them toward a qualifying State Farm Bank Checking or Interest Checking.1

Single redemptions to a qualifying State Farm Bank® Checking/Interest Checking account will earn these redemption premiums:

Points Redeemed Premium
0 - 24,999 points No Premium
25,000 - 49,999 25% Premium
50,000 - 99,999 35% Premium
100,000 - greater 50% Premium
Ready to redeem or learn more?
Visit State Farm Loyalty Rewards for more information.

Vehicle Loans

Learn more about Vehicle Loans.

Calculate your potential savings.
Vehicle Loans Calculator

Home Finance

Home Equity Rate Discount

Get a 0.25% discount5 on your home equity interest rate when you set up automatic monthly payments from a State Farm Bank Checking, Savings, or Money Market Savings account at origination.

Learn more about Home Equity Loans and Home Equity Lines of Credit.

Calculate your potential savings.
Home Equity Loan Calculator

1Not all State Farm products to which you may apply your State Farm Loyalty Rewards points qualify for a redemption premium. State Farm® Good Neighbor Visa® credit cards and State Farm Bank® Business Visa® credit cards are excluded from the Redemption Premium.

2The account ownership on all Benefits Account(s), Qualifying Checking Account(s), and Qualifying Credit Card Accounts must be exactly the same, and may be either sole or joint ownership. If the account ownership of Your Credit Card Account is sole ownership, or sole ownership with an authorized signer, and the ownership on the Qualifying Checking and Benefit Account(s) is joint ownership, the credit card MAY be eligible as a qualifying Credit Card Account by providing this written authorization [PDF-122.6KB] form.

3This Annual Percentage Yield (APY) was calculated using the Introductory Rate for 5.5 months, which is based on the average start date of an Introductory Rate plus 5 statement cycles, and the Standard Rate with a balance tier of $50,000-$99,999 for 6.5 months. Your combined Introductory and Standard Rate (Your APY) may vary depending on your Introductory Rate start date and your account balance.

4The Banking Benefits - Introductory program requires a new Consumer Money Market Savings relationship with State Farm Bank. This means you cannot have an existing Money Market Savings with the same ownership currently open or which closed within the last 12 months. The new Money Market Savings must be a Personal or Trust account. Your account must maintain a daily balance of less than $250,000 to receive the Introductory Rate. If your account balance exceeds $250,000, the Introductory Interest Rate is not applicable and you will earn the Standard Money Market Savings rate on the entire balance. IRA Money Market, Estate, Uniform Transfer to Minors, and Business accounts are NOT eligible.

5To qualify and receive the additional interest rate reduction, monthly electronic automatic payments must be set up from a funded State Farm Bank Checking, Money Market, or Savings account at or before loan origination. Rates may increase after origination if customer no longer qualifies for interest rate reduction.

6If You have multiple Checking accounts with the same ownership as the Consumer Money Market Savings, the balances and transactions in those Checking or Interest Checking accounts will be added together to determine your Benefit Tier.

7The 10 Withdrawals can be made by Debit Card, ATM Card, Bill Pay, Account to Account transfer, ACH, Wire Transfer, or Check per statement cycle.

Visa is a registered trademark of Visa International Service Association.

State Farm Bank, F.S.B., Bloomington, Illinois ("Bank"), is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and may be subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by visiting® or by contacting the Bank at 877-SF4-BANK (877-734-2265). If you are deaf, hard of hearing, or do not use your voice to communicate, you may contact us via 711 or other relay services. To apply for a Bank product, you may also see your participating State Farm Agent.

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