Here to Help You Save for Tomorrow

Money Market Savings

Save for tomorrow with the flexibility you want today.

State Farm Bank® deposit accounts are FDIC insured.

Banking Benefits – Deposit Introductory 2.10% Annual Percentage Yield (APY)1
limitations apply

Apply for an Account

Get started in under 10 minutes.


  • Open a new Money Market Savings account with $1000 or more and start earning interest .1
  • Variable, tiered interest rate applies.
  • Interest is compounded daily and credited to your account monthly.

More Banking Benefits

More accounts mean more benefits for you.

Learn more about Banking Benefits

With our Money Market Savings account, you can save for the future while earning a great rate. Open an account with $1,000 and if you maintain a $500 average daily balance or have a direct deposit (ACH credit) each statement cycle, the minimum balance fee is waived. A competitive interest rate, access to our online bank, mobile deposits on your smartphone, convenient 24-hour access — this account has it all!

Features and Benefits

  • Open your Money Market Savings account with as little as $1,000 and start earning interest. 2
  • Variable, tiered interest rate.
  • Interest is compounded daily and credited to your account monthly.
  • This account is FDIC insured.
  • Complimentary ATM card available.
  • No fee for ATMs used 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. Unlimited ATM surcharge rebates for foreign ATMs with direct deposit. Limitations Apply 2
  • Six transfers per monthly statement cycle. Refer to the Truth in Savings Disclosures for additional details.
  • Withdrawals may be made by ATM, online transfer, mail, or telephone. Refer to the Truth in Savings Disclosures for additional details.
  • Overdraft protection available with a State Farm Bank deposit account or State Farm Visa ® credit card.
  • Complimentary money market checks.
  • Complimentary online banking and bill payment.
  • Monthly statements available.
  • Statements available online or by mail.

Compare Our Money Market Savings Account with our Checking Accounts

  Money Market Savings Checking Interest Checking
Minimum Balance Fee2 No fee with direct deposit No fee No fee with direct deposit
Interest Eligible Checked Checked
ATM Fee Rebate Eligible2
Limitations Apply
Checked Checked Checked
Minimum Opening Deposit
Overdraft Protection Checked Checked Checked
Online Banking Checked Checked Checked
Mobile Banking
Checked Checked Checked

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).
  • At least one account holder must be age 18 or older.
  • 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.


It's your future. Check out our IRA options.

Learn more about IRAs

  • Return to reference 1
    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.
  • Return to reference 3
    Compatible mobile phone required; enrollment and terms and conditions apply.

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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