BANKING
These Savings Products Help You Stay Worry Free

State Farm Bank® deposit accounts are FDIC insured.

Money Market Savings

Features and Benefits

  • Competitive tiered interest rates with a minimum opening deposit of $1,000.
  • ATM fee rebates — $10 per statement cycle or unlimited with direct deposit.1 Limitations Apply
  • Online and mobile banking and tons of convenient features!

Bonus Rate Benefits

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

Learn more

Fixed-Rate Certificate of Deposit

Best account for people who want stability and a competitive interest rate.

Features and Benefits

  • Open an account with $500 or more.3
  • 3 to 60 month terms available with interest compounded daily.
  • Get complimentary online statements and automatic renewal.

Savings Account

Great account to grow money safely.

Features and Benefits

  • Open an account with $100 or more.
  • ATM fee rebates — $10 per statement cycle.1 Limitations Apply
  • Online and mobile banking, and tons of convenient features!

Individual Retirement Account (IRA)

Great account for tax advantages and to safely save for retirement.

Features and Benefits

  • Choose from IRA Certificate of Deposit or IRA Money Market Savings.
  • Choose from Traditional and Roth IRAs.

Education Savings Account (ESA)

Great account for people who want to invest in their child's education with tax benefits and a competitive interest rate.

Features and Benefits

  • Open an account with $500 or more.3
  • Multiple terms available, ranging from 12 to 60 months.
  • This account is FDIC insured.

Health Savings Account (HSA)

Best account for people who want to save for future medical expenses with tax benefits, flexible access, and a competitive interest rate.

Features and Benefits

  • Pair with a high-deductible health insurance plan to save and pay for qualified medical expenses tax-free.
  • This account is FDIC insured.

Compare Accounts

Compare accounts to see which is right for you!

Money Market Savings Fixed-Rate CDs Savings Account
Minimum Balance Fee1 No fee with direct deposit No fee No fee with direct deposit
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ATM Fee Rebate Eligible1 Limitations Apply Checked Checked
Minimum Opening Deposit $1,000 $5003 $100
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1 Refer to the Pricing Schedule for Consumer & Business Deposit Accounts and the Truth in Savings Disclosures for more details.

2 Money Market Savings must be a Consumer account, not Trust, Estate, Uniform Transfer to Minors, IRA or Business Accounts.

3 Minimum opening deposit for Fixed-Rate CD less than $100,000 is $500.

Open an Account

Get started in under 10 minutes.

State Farm Bank®, 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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