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.

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

Learn more about a redemption bonus

Vehicle Loans

Home Finance

Deposit Accounts

Earn More on Your Money Market Savings2 Account(s)

Receive up to a 0.35% Annual Percentage Yield bonus on your qualified Money Market Savings account(s) when you combine the account with other qualified2 State Farm Bank accounts2.

Standard Level

No bonus when your total monthly average checking account balance is less than $2,500. However, the account will be monitored to determine if it qualifies for a bonus rate in future account cycles.

Bonus Level 2

0.25% APY interest rate bonus when your total monthly average checking account balance is at least $2,500.

Bonus Level 3

0.35% APY interest rate bonus when your total monthly average checking account balance is at least $2,500 and you have an open State Farm Visa® credit card.

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.

Checking, Interest Checking, and Money Market Savings must be Consumer accounts to qualify for the bonus. IRA Money Market, Trust, Estate, Uniform Transfer to Minors, and Business accounts are NOT eligible.

State Farm Bank Business Visa credit cards are NOT eligible.

For more information see details.

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.

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.

Vehicle Loans

Vehicle Loan Rate Discount

Get a 0.15% interest rate reduction on your vehicle loan when you set up automatic monthly payments from a State Farm Bank Checking, Money Market, or Savings account at loan origination.

Learn more about Car Loans or Boat, RV, Motorcycle, and other vehicle loans.


Calculate your potential savings.
Vehicle Loans Calculator

To 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 loan origination. Rates may increase after origination if customer no longer qualifies for interest rate reduction.

Home Finance

Home Equity Rate Discount

Get a 0.25% discount3 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

3To 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.

Bank Security Center

Safety is important for State Farm Bank. Explore our security center to learn more on how to keep your personal identity and account information secure, and what measures we take to do so.

Visit the bank security center

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 statefarm.com or by contacting the Bank at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.

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