SuperMoney
  State Farm Federal Credit Union E-Share Savings Account

State Farm Federal Credit Union E-Share Savings Account

in Savings Accounts from State Farm Federal Credit Union · Member ncua

Unaffiliated

State Farm Federal Credit Union E-Share Savings Account

Unaffiliated

in Savings Accounts from State Farm Federal Credit Union · Member NCUSIF

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend State Farm Federal Credit Union E-Share Savings Account to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Monthly Fee N/A
APY (Annual Percentage Yield) 1.50%
APY Minimum Balance N/A

State Farm Federal Credit Union E-Share Savings Account Review

State Farm Federal Credit Union E-Share Savings Account is offered by State Farm Federal Credit Union, a credit union founded in 1936 and based in Bloomington, IL. State Farm Federal Credit Union E-Share Savings Account is available in 50 states (and Washington, DC).

State Farm Federal Credit Union E-Share Savings Account FAQ

Are savings accounts from State Farm Federal Credit Union federally insured?

Yes, your State Farm Federal Credit Union savings accounts are insured up to $250,000 per person by the National Credit Union Share Insurance Fund (NCUSIF). Individual Retirement Accounts (IRA) are insured separately up to $250,000. The National Credit Union Administration (NCUA), a federal agency, administers the insurance fund and regulates federally insured credit unions. The fund is backed by the full faith and credit of the U.S. Government.

Does State Farm Federal Credit Union offer a signup bonus?

State Farm Federal Credit Union E-Share Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for State Farm Federal Credit Union E-Share Savings Account?

The minimum deposit to open a State Farm Federal Credit Union E-Share Savings Account is $5.
State Farm Federal Credit Union E-Share Savings Account Minimums
Description
Minimum Opening Deposit Starting at $5
Minimum Required Balance $5

What APY does State Farm Federal Credit Union offer?

State Farm Federal Credit Union E-Share Savings Account offers an APY of 1.50% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only savings accounts, which is around 1% APY.

The interest rate on a savings account or checking account can change based, in part, on what the Federal Reserve does. Note that the APY of a savings account is the amount of interest you will earn if you keep your money in the account for a full year expressed as a percentage. The difference between an APY and an interest rate is that the APY takes into account how often your money earns interest (or compounds). The more often your money compounds, the more it will earn. Savings accounts with an interest rate that compounds daily, for example, will earn a higher return (and therefore a higher APY) than savings accounts that compound annually.

What fees does State Farm Federal Credit Union E-Share Savings Account charge?

State Farm Federal Credit Union E-Share Savings Account does not charge a monthly service fee. See the fee breakdown section below to view all fees.

  • Outgoing domestic bank transfers come with a $9 fee.

What features and perks does State Farm Federal Credit Union E-Share Savings Account offer?

This savings account includes the following features:

  • Fraud monitoring - State Farm Federal Credit Union E-Share Savings Account monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location, or you make a sudden string of costly purchases.
  • Mobile Banking Services - State Farm Federal Credit Union E-Share Savings Account allows you to manage your money online or with a mobile app.

Can you set up a direct deposit to State Farm Federal Credit Union E-Share Savings Account?

In most cases, the answer is yes. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  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 Opening Deposit Starting at $5
Minimum Required Balance $5
Returned Deposit Fee (Domestic) $15
Wire Transfer Fee - Domestic (Outgoing) $9
Bank Account Features
  • Automatic Transfers
  • Bauer Financial A+/A Rating
  • Branch Access
  • Fraud Monitoring
  • Interest Bearing Account
  • Mobile Banking
  • NCUA Member
  • No Monthly Maintenance Fee
APY (Annual Percentage Yield) 1.50%

Be the first to rate

 

Would you recommend State Farm Federal Credit Union E-Share Savings 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 Savings Accounts

State Farm Federal Credit Union Savings Accounts

Loading...