State Farm Bank® offers a number of Banking Benefits to its customers. The Banking Benefits – Deposit Introductory Package, gives You the opportunity to earn a high rate on certain deposit accounts during an initial introductory period ("Introductory Interest Rate"). The Introductory Interest Rate applies to an eligible Consumer Money Market Savings account.
State Farm Bank also offers a Banking Benefits – Deposit program that may be referred to. For detailed information on both Banking Benefits programs, please visit statefarmbank.com or call State Farm Bank at 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.
The below terms and conditions of the Banking Benefits – Deposit Introductory 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: Our program that allows You to earn a high interest rate on State Farm Bank Money Market Savings accounts by maintaining other State Farm Bank accounts.
Banking Benefits – Deposit Introductory Package: Our program available to customers with new Consumer Money Market Savings accounts that allows You to earn a high interest rate for an introductory period.
Eligible Consumer Money Market Savings account: Any new Consumer Money Market Savings account titled with unique ownership (e.g., in the name of "John Doe and Jane Doe," where no other Consumer Money Market Savings account is already held in the name of "John Doe and Jane Doe"), and where no other Consumer Money Market Savings account with the same ownership has closed within the last 12 months. IRA Money Market, Estate, Uniform Transfer to Minors, and Business Money Market Savings accounts are NOT eligible.
Qualifying/Benefit Account: This is the Eligible Consumer Money Market Savings account to which the Introductory Rate is applied. IRA Money Market, Estate, Uniform Transfer to Minors, and Business Money Market Savings accounts are NOT eligible to be Qualifying/Benefit Accounts.
The Banking Benefits – Deposit Introductory Package is provided by State Farm Bank as a courtesy to its customers. State Farm Bank may discontinue offering new Introductory enrollments 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 statefarm.com® 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.