Banking Benefits – Deposit Package

State Farm Bank® offers a number of Banking Benefits to its customers. The Banking Benefits – Deposit Package, which gives You the opportunity to earn a higher rate (Relationship Rate) on certain deposit accounts. The Relationship Rate applies to an eligible Consumer Money Market Savings account.

These terms and conditions of the Banking Benefits – Deposit Package are supplemental to the Disclosures and Customer Agreements and the Pricing Schedule for Consumer & Business Deposit Accounts. Refer to the Truth in Savings Disclosures included in the Disclosures and Customer Agreements for the provisions that apply to Your account(s).


The terms "You" and "Your" refer to the depositor (whether joint or individual) and the terms "We," "Us," and "Our" refer to State Farm Bank.

Banking Benefits – Deposit Package: This Package offers a higher yield Relationship Rate on Your Consumer Money Market Savings account(s) when You maintain other State Farm Bank Qualifying Relationship Account(s).

Benefit Account(s): This is the Consumer Money Market Savings account to which the Relationship Rate is applied. Estate, Uniform Transfer to Minors, Individual Retirement Account (IRA) Money Market, and Business Money Market Savings accounts are not eligible.

Qualifying Relationship Account(s): This is the Consumer Checking, Consumer Interest Checking, and/or Consumer State Farm® Visa® Credit Card which is required to earn the different Relationship Rate Benefit Tier levels. Estate, Uniform Transfer to Minors, and Business accounts are not eligible.

Package Summary Statement: While You are enrolled in the Package, We will provide You with a separate statement providing details on Your Banking Benefits - Deposit enrollment.

Helpful Answers

The Banking Benefits – Deposit Package is provided by State Farm Bank as a courtesy to its customers. State Farm Bank may terminate or modify the terms and conditions of the Package at any time.

Neither State Farm® nor its agents provide tax or legal advice.

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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