Interest Checking Account

Designed for those who want it all – plus interest.

This checking account gives you excellent features and benefits without the high fees.

State Farm Bank® deposit accounts are FDIC insured.

Open an Account

Get started in under 10 minutes.


  • Open your account with $100 or more.
  • No minimum balance fee with direct deposit.1
  • ATM fee rebates — $10 per statement cycle or unlimited with direct deposit.1 Limitations Apply
  • Online and mobile banking and bill pay.

Bonus Rate Benefits

Get an interest rate bonus with a qualifying2 Money Market Savings combined with other selected State Farm Bank products.

Learn more

Open an interest checking account today with $100 or more. Make a direct deposit (ACH credit) each statement cycle and receive unlimited ATM surcharge rebates.1 Limitations Apply If you're looking for cutting-edge online features, the option to make mobile deposits using your smartphone3, convenient 24-hour access, and a competitive interest rate, this is the account for you!

Features and Benefits

  • Your entire balance will earn interest each day your balance is a minimum of $2,500.1
  • Open your interest checking account with $100 or more.1
  • Variable, tiered interest rate applies.
  • Interest is compounded daily and credited to your account monthly.
  • No minimum balance fee with direct deposit.1
  • No fee for ATMs that are owned by State Farm Bank. Account will be rebated up to $10 per statement cycle when a foreign (non-State Farm Bank owned) ATM is used and the account does not have direct deposit.1 Limitations Apply Unlimited ATM surcharge rebates for foreign ATMs with direct deposit.1 Limitations Apply
  • 24-hour account access by phone or Internet.
  • First check order is complimentary.
  • Overdraft protection is available with a State Farm Bank deposit account or State Farm Visa® credit card.
  • Complimentary online banking and bill payment.
  • Monthly statements available in English or Spanish.
  • Statements available online or by mail.
  • Visa CheckCard or ATM card available.
  • This account is FDIC insured.

Free Visa CheckCard1

Accepted anywhere Visa is accepted, your Visa CheckCard provides the benefits of paying with plastic without the concerns of paying interest.

  • All purchases and cash withdrawals made with the Visa CheckCard are deducted directly from your bank account.
  • You get protection against unauthorized use, even if the card is lost or stolen.4

ATM Card

Day or night, our ATM card makes it easy for you to get cash or complete other financial transactions almost anywhere.

  • Point-of-sale Personal Identification Number (PIN) purchases (debit purchases) can be made from merchant terminals that display the NYCE, PLUS, PULSE, or STAR network logos.
  • You get protection against unauthorized use, even if the card is lost or stolen.4
  • Withdrawals, transfers, and balance inquiries can be made at ATMs that display NYCE, PLUS, PULSE, or STAR network logos.
  • Enhanced Security with Chip Card Technology

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).
  • All account holders of a Checking, Interest Checking, or Money Market Savings account must be at least age 13, and one account holder must be at least age 18.
  • Minors may be listed as the primary or secondary account holder. While we do allow minors as account holders, 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.

2 Consumer Checking, Interest Checking or Money Market Savings accounts where the ownership of the accounts are exactly the same are eligible; Trust, Estate, Uniform Transfer to Minors, IRA or Business accounts are not.

3 Compatible mobile phone required; enrollment and terms and conditions may apply.

4 Refer to the Electronic Funds Transfer (EFT) Customer Agreement for more details.


Access your bank accounts whenever and wherever, including your pocket.

Learn more about Pocket Agent®

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.

1Not all State Farm products to which you may apply your State Farm Loyalty Rewards points qualify for a redemption premium. Eligible State Farm Bank products include deposit accounts, mortgages and consumer loans. Eligible State Farm products offered by affiliates of State Farm Bank include property and casualty insurance, life insurance, annuities, and mutual funds.

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