Money Market Savings

Save for tomorrow with the flexibility you want today.

State Farm Bank® deposit accounts are FDIC insured.

Open an Account

Get started in under 10 minutes.


  • Open your money market savings account with $1000 or more and start earning interest.1
  • Earn interest with $100 or more.
  • Variable, tiered interest rate applies.
  • Interest is compounded daily and credited to your account monthly.

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Bonus Rate Benefits

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

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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 smartphone3, 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.1
  • Earn interest with $100 or more.
  • Variable, tiered interest rate.
  • Interest is compounded daily and credited to your account monthly.
  • This account is FDIC insured.
  • 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.1 Limitations Apply
  • Overdraft protection available with a State Farm Bank deposit account or State Farm® Visa® credit card.
  • Free specialty checks. Limitations Apply
  • Complimentary, online banking and bill payment.
  • Monthly statements available.
  • Statements available online or by mail.
  • Free ATM card available.
  • Withdrawals may be made by ATM, online transfer, mail, or telephone. Refer to the Truth in Savings Disclosures for additional details.

Compare Our Money Market Savings Account with our Checking Accounts

Money Market Savings Checking Interest Checking
Minimum Balance Fee1 No fee with direct deposit No fee No fee with direct deposit
Interest Eligible
ATM Fee Rebate Eligible1 Limitations Apply
Minimum Opening Deposit $1,000 $25 $100
Overdraft Protection
Online Banking
Mobile Banking

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.

2 Money Market Savings must be a Consumer account, not Trust, Estate, Uniform Transfer to Minors, IRA, or Business Accounts.
3 Compatible mobile phone required; enrollment and terms and conditions may apply.


It's your future. Prepare with our flexible IRA options.

Learn more about IRAs

1Program and cash back are administered by Cartus Corporation, not an affiliate of State Farm Mutual Automobile Insurance Company. The actual amount you may receive is based upon the purchase or sale price of your home. Program is not offered in Iowa. Cash back is not available in Alaska, Louisiana, Mississippi and Oklahoma. Cash back is paid as a check, except in Kansas and Tennessee where cash back is paid as a gift card, and New Jersey and Oregon, where cash back is paid as a credit at closing. Checks and gift cards are mailed within 4 weeks of closing. A check is presented at closing in Alabama. Ask your program coordinator for details. Customers are not required to receive financing from State Farm Bank, F.S.B., in order to receive benefits of this program. Cash back is only available through the use of a program-recommended real estate agent. All real estate transactions are negotiable. Other terms and conditions specific to the transaction may apply.

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). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.

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