Help Grow Your Savings

Fixed Rate Certificate of Deposit (CD)

Grow your savings with a competitive interest rate and the security of FDIC insurance. This fixed-rate CD allows you to choose a term that meets your needs from 12 months up to 60 months.

State Farm Bank® deposit accounts are FDIC insured.

Open an Account

Get started in under 10 minutes.


  • Open your CD today with $500 or more and start earning interest.1
  • Multiple terms available from 12 to 60 months.
  • Interest is compounded daily.

Our fixed-rate CD offers a competitive interest rate and the peace of mind provided by FDIC insurance. This fixed-rate CD allows you to choose a term that meets your needs from 12 months up to 60 months. A great option if you're looking for predictable income or a way to grow your savings.

Features and Benefits

  • Automatic renewal at maturity so you can continue to earn interest through your grace period.
  • Ten-calendar-day grace period after the maturity date to change the length of the term or withdraw funds without being charged a penalty. You may also increase the amount in your CD during the grace period.1
  • FDIC insured up to applicable limits.
  • Free online statements.
  • For your convenience, interest payments can be added to the CD, paid by check, deposited to a State Farm Bank account, or electronically transferred to an account at another institution.

Compare Our Savings Products

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. These accounts must be opened on the phone or through a State Farm® agent.

1 Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures 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, 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 subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service.

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