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New State Farm® and U.S. Bank announcement—click here for more details.

State Farm Bank® deposit products are FDIC insured.

Certificate of
Deposit (CD)
and CD Rates

Grow your savings with a fixed-rate CD that meets your needs.

CD Account Highlights

  • Open a CD today with $500 or more and start earning interest that's compounded daily. 1
  • Choose terms from 12 to 60 months.
  • Automatic renewal at maturity, so you can continue to earn interest through your grace period.
  • Special Term CDs renew automatically into the next highest Standard Term CD.

Apply Online

CD 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).
  • Minors may be listed as the primary or secondary account holder. However, these accounts must be opened on the phone or through a State Farm® agent.

Apply Online

CD Features and Benefits

  • You get a 10-calendar-day grace period after the maturity date to change the length of the term or withdraw funds without being charged a penalty. 1
  • You may also increase the amount in your Certificate of Deposit during the grace period.
  • Competitive interest rates.
  • Interest earned credited to the CD, paid by check, or deposited to another State Farm Bank account.
Apply Online

If you make a withdrawal prior to the maturity date, an early withdrawal penalty may be imposed. If you withdraw any principal before the maturity date, the following penalties may be imposed:

  • Penalty of seven (7) days' interest on the principal withdrawn when the withdrawal is made within six (6) days of the initial deposit.
  • Penalty of seven (7) days' interest on the principal withdrawn when the withdrawal is made within six (6) days of the initial deposit.

Early Withdrawal Penalties

The early withdrawal penalty is based on the principal withdrawn and dependent upon the CD term.

For CDs Opened or Renewed before April 30, 2015
12 months or less
90 days of interest
13 months or greater
180 days of interest
For CDs Opened or Renewed after April 30, 2015
11 months or less
90 days of interest
12 to 23 months
180 days of interest
24 to 47 months
365 days of interest
48 months or greater
545 days of interest
1 Refer to the Pricing Schedule for Consumer & Business Deposit accounts for more details. Minimum opening deposit for a regular Fixed Rate CD is $500. The minimum opening deposit for jumbo Certificates of Deposit is $100,000.

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.