State Farm Federal Credit Union Share Savings Account Review

State Farm Federal Credit Union 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 Share Savings Account is offered in 50 states (and Washington, DC).

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.

What APY does State Farm Federal Credit Union offer?

State Farm Federal Credit Union Share Savings Account offers an APY of 1.51% (APY stands for annual percentage yield, rates may change). This is higher than the typical APY for online-only checking accounts, which is around 1% APY.

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

This account includes the following features:

• Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
• Fraud monitoring - State Farm Federal Credit Union 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.

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

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

However, you can waive the monthly fee if you have a minimum daily balance of $5.

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