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 State Farm Loyalty Rewards® Points and apply them toward State Farm Bank Checking, Interest Checking, Savings, and Money Market products. Earn a Redemption Premium when you apply 25,000 or more points toward a State Farm Visa® Gift Card.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% discount6 on your home equity interest rate when you set up automated payment from your State Farm Bank deposit account.

Deposit Accounts

Earn a high Annual Percentage Yield (APY) on Your Money Market Savings Account(s)

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Banking Benefits – Deposit Introductory 2.25% APY2

For new State Farm Bank Consumer Money Market Savings customers

Click here for more information

Banking Benefits – Deposit 2.25% APY Relationship Rate3

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.

Click here for more information

Requires a Checking or Interest Checking account3 with
At least $2,500 daily balance4, OR
At least 10 withdrawal transactions5

Your Money Market Savings account will earn the Standard Rate, instead of the Relationship Rate, when your total withdrawal transactions5 on your Checking or Interest Checking are less than 10 per statement cycle OR your daily Checking or Interest Checking balance is less than $2,5004. 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 Loyalty Rewards® 

Earn a Redemption Premium when you redeem your State Farm Loyalty Rewards Points and apply them toward a State Farm Visa Gift Card.1

Single redemption to a State Farm Visa Gift Card 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

reference to footnote 1 Not 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.

reference to footnote 2 The Banking Benefits - Deposit Introductory program offers a high yield fixed Introductory Rate during the first 12 statement cycles after opening a new Consumer Money Market Savings account with State Farm Bank. A new Consumer Money Market Savings account means you cannot have an existing Money Market Savings with the same ownership currently open or which closed within the last 12 months. Your Benefit account balance must remain below $5,000,000 to earn the Introductory Rate. If the account balance is $5,000,000 or above, you will earn the Standard Rate on your entire balance. The new Money Market Savings must be a Personal or Trust account. IRA Money Market, Estate, Uniform Transfer to Minors, and Business accounts are NOT eligible.

reference to footnote 3Relationship Rates require a Consumer Checking or Interest Checking AND a Consumer Money Market Savings with the same ownerships.

reference to footnote 4 If you have multiple Checking or Interest Checking accounts with the same ownership as the Consumer Money Market Savings, the balances and transactions in those Checking or Interest Checking account will be added together to determine your Benefit eligibility.

reference to footnote 5The 10 withdrawals can be made by Debit Card, ATM Card, Bill Pay, Account to Account Transfer, ACH, Wire Transfer, or Check per statement cycle.

reference to footnote 6To 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.

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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