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  State Farm Bank CD

State Farm Bank CD

in CD Accounts from State Farm

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State Farm Bank CD

Unaffiliated

in CD Accounts from State Farm

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Highlights
Highlights
Minimum Deposit $500
APY 0.10% - 2.90%
Deposit Term
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years

State Farm Bank CD Review

State Farm Bank CD is offered by State Farm, a financial services company founded in 1922 and based in Bloomington, IL. State Farm Bank CD is offered in 50 states (and Washington, DC).

Are cd accounts from State Farm federally insured?

Yes, your State Farm cd accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What types of CDs does State Farm offer?

  • IRA
  • Jumbo
  • Traditional

What APY does State Farm offer on its CDs?

State Farm Bank CD offers an APY starting at 0.10% and ranging up to 2.90% (APY stands for annual percentage yield, rates may change).

What types of terms does State Farm Bank CD offer?

State Farm offers CD terms of the following lengths:
State Farm Bank CD Rates & Terms
Description
APY 0.10% - 2.90%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY N/A
12-Month APY 0.10%
2-Year APY 0.40%
3-Year APY 2.60%
4-Year APY 2.70%
5-Year APY 2.90%

What is the minimum deposit to open a CD account with State Farm?

State Farm Bank CD requires a minimum initial deposit of $500 to open an account.

What types of early withdrawal penalties does State Farm Bank CD charge?

Financial institutions don't typically charge many fees on certificate of deposit accounts. However, some do charge a fee if you chooose to withdrawal your money before the CD term ends.

State Farm does not charge an early withdrawal fee.

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Grace Period for Account Changes 10
Minimum Deposit $500
APY 0.10% - 2.90%
12-Month APY 0.10%
2-Year APY 0.40%
3-Year APY 2.60%
4-Year APY 2.70%
5-Year APY 2.90%
CD Accounts
  • IRA
  • Jumbo
  • Traditional

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