SuperMoney 
  State Farm Money Market Account

State Farm Money Market Account

in Money Market Accounts from State Farm

Unaffiliated

State Farm Money Market Account

Unaffiliated

in Money Market Accounts from State Farm

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend State Farm Money Market Account to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
APY (Annual Percentage Yield) 0.50% - 2.10%

State Farm Money Market Account Review

State Farm Money Market Account is offered by State Farm, a financial services company founded in 1922 and based in Bloomington, IL. State Farm Money Market Account is available in state across the USA.

Are money market accounts from State Farm federally insured?

Yes, your State Farm money market 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 are the State Farm Money Market Account rates?

State Farm Money Market Account offers an APY starting at .50% and ranging up to 2.10% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $.01.

State Farm Money Market Account Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) .50% - 2.10%

What are the State Farm Money Market Account fees?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $500.

State Farm will charge you a $10 fee if you exceed your maximum number of monthly transactions.

Federal regulations limit the number of transactions you can make from your money market account to six per month.

State Farm Money Market Account Fees
Fees Amount
Monthly Fee up to $10
Paper Statement Fee N/A
Excess Transaction Fee $10

What is the minimum balance for State Farm Money Market Account?

No minimum initial deposit. State Farm does not require a minimum initial deposit to open an account.

Monthly maintenance minimum balance of $500. You can avoid the monthly fee if you keep a minimum balance $500.

Interest rate minimum balance of $0.01. You must keep the account balance above $0.01 to earn interest.

What features and perks does State Farm Money Market Account offer?

This account does not seem to offer any of the features and perks we track.

How to open an account with State Farm

  • Visit the State Farm website.
  • Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
  • Check the information is accurate and submit your application.
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Feature Breakdown

APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Fee $500
Monthly Fee $0 - $10
APY (Annual Percentage Yield) 0.50% - 2.10%
Dividend Rate 0.50% - 2.08%
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

Be the first to rate

 

Would you recommend State Farm Money Market Account to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Money Market Accounts

CIT Bank Money Market Account
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews

UFB Direct Premium Money Market
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

1 Reviews