State Farm Bank CD

State Farm Bank CD

in CD Accounts from State Farm · Member FDIC


State Farm Bank CD


in CD Accounts from State Farm · Member FDIC

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Minimum Initial Deposit $500
Deposit Term
  • 12 months
  • 2 years
  • 3 years
  • 4 years
  • 5 years
APY (Annual Percentage Yield) 0.25% - 0.50%

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 available in 50 states (and Washington, DC).

State Farm Bank CD FAQ

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 0.25% and ranging up to 0.50% (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
APY (Annual Percentage Yield) 0.25% - 0.50%
APY Type Fixed APY
3-Month APY N/A
6-Month APY N/A
11-Month APY N/A
12-Month APY 0.25%
2-Year APY 0.25%
3-Year APY 0.5%
4-Year APY 0.5%
5-Year APY 0.5%
7-Year APY N/A

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.

State Farm Bank CD Fees
Annual Fee N/A
Transfer Fee N/A
Rollover Fee N/A
Early Withdrawal Fee Amount N/A
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  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

Minimum Initial Deposit $500
Grace Period for Account Changes 10 days
2-Year APY 0.25%
3-Year APY 0.5%
4-Year APY 0.5%
5-Year APY 0.5%
12-Month APY 0.25%
APY (Annual Percentage Yield) 0.25% - 0.50%
CD Accounts
  • IRA
  • Jumbo
  • Traditional

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