Checking
Made Simple
Convenient, low-maintenance online checking with options for ATM rebates, mobile and online account access, overdraft protection, and your first check order is complimentary.
Interest Checking Rates
Earn a competitive interest rate when you have an account balance of at least $2,500.
| Balance | Interest Rate | Annual Percentage Yield (APY) |
|---|---|---|
| $0 - $2,499 | 0.00% | 0.00% |
| $2,500+ | 0.25% | 0.25% |
| Balance | $0 - $2,499 | $2,500+ |
|---|---|---|
| Interest Rate | 0.00% | 0.25% |
| Annual Percentage Yield (APY) | 0.00% | 0.25% |
Rates effective as of 06/27/2018
Compare Checking vs. Interest Checking
Still trying to decide which checking account is right for you? See their different features and benefits side-by-side.
| Checking | Interest Checking | |
|---|---|---|
| Best Use | Small balance for daily transactions | Large balance for daily transactions |
| Minimum Opening Balance2 | $25 | $100 |
| Annual Percentage Yield (APY) | 0% | 0.25% on accounts $2,500+ |
| Interest Compounded Daily | No | Yes |
| Minimum Average Daily Balance | None | $500 |
| Minimum Balance Fee* | None | $10/None with direct deposit |
* Minimum balance fee waived with direct deposit or by maintaining a daily average of the minimum balance.
Let Money Market Savings Help Build Your Wealth
Save for tomorrow with the flexibility you want today. You'll start earning interest once you open an account with $1,000 or more.
Take advantage of our introductory rate of 2.25% Annual Percentage Yield (APY).3 Limitations apply. Complimentary checks and ATM card also available.
Get Access to ATMs With Our State Farm Bank Visa® Debit Card
Accepted anywhere Visa is accepted. The State Farm Visa Debit Card provides the benefits of paying with a card without the worries of paying interest.
All purchases and cash withdrawals made with the State Farm Visa Debit Card are deducted directly from your bank account.
Want to know more about Checking?
1 The individuals(s) on the account must have a Social Security number (SSN), Tax Identification Number (TIN), or individual Taxpayer Identification Number (ITIN), and at least one account holder must be 18 years or older. 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.
2 Refer to the Pricing Schedule for Consumer & Business Deposit accounts and the Truth in Savings Disclosures for more details.
3 The Banking Benefits – 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.
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) (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.
