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.

Bonus Rate Benefits

Get an interest rate bonus with a NEW qualifying2 Money Market Savings.

Learn more

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 Checked Checked
ATM Fee Rebate Eligible1 Limitations Apply Checked Checked Checked
Minimum Opening Deposit $1,000 $25 $100
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).
  • 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.

Get Personalized Rates


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

Learn more about IRAs

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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